As the economy changes, few things are certain when it comes to investments. The stock market rises and falls, and even if a stock seems like a good investment today, everything can change by tomorrow. People want secure investments, not uncertain bets, which is why some people are turning to gold and silver—more specifically, gold and silver jewelry. The experts from First National Bullion and Coin, San Diego’s premier dealer of gold, silver, platinum, and palladium, explain why jewelry made with these precious metals can be a wise investment.
Why Should You Invest in Gold & Silver Jewelry?
The primary reason to invest in gold and silver is that inflation doesn’t affect their value as much as other types of investments. While inflation is bound to happen, precious metals are minimally affected by it. Silver and gold can also be a good way to diversify and provide a bit more stability and security for an investment portfolio. Although the prices of gold and silver are always subject to change, prices aren’t largely affected by supply and demand.
The Price of Buying Gold & Silver
Silver is a much cheaper investment than gold, with a current price of approximately $27 per ounce. Gold averages around $2,000 per ounce. However, the average percentage of growth in the price of gold is 37 percent per year and 87 percent over 5 years. While gold may be a larger monetary investment to start out with, the rate of return makes it well worth it. The price of silver, on the other hand, is a bit more volatile than the price of gold because it can also be used as an industrial metal. Even with slight fluctuations in prices, silver is still a worthy investment.
Buying Gold & Silver Jewelry
One of the most appealing aspects of buying gold and silver jewelry is that you can wear your investment. Unlike other investments, gold and silver jewelry can be proudly worn while you wait for a return on your money. This quality is unique to jewelry, and it’s difficult to find this with any other type of investment. Gold and silver jewelry isn’t only a practical investment but a fun one as well.
How Long Should You Keep Your Investment?
As with any long-term investment, the payoff is higher the longer you keep it. Ideally, if you keep your gold for the next 30 years, you may get a 400 percent return on your investment. It’s a wise choice to buy now and save for decades. However, if you do decide to sell shortly after buying, the appreciation in price is likely to be substantial enough to make the investment worthwhile.
If they’re building their investment portfolios and looking for the best place to purchase precious metals, including silver bars and gold coins, San Diego collectors should reach out to the trustworthy professionals at First National Bullion. We can answer all your questions and help you find all the information you need on how precious metals can be great investments. Give one of our experienced dealers a call today at 858-666-6570.
The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.