5 Great Motivations for Buying Gold & Silver
When it comes to making financial investments for the future, few things are as rock-solid as gold and silver. These precious metals have long been viewed as valuable resources throughout the world, and they tend to hold their value. If you’ve been on the fence about buying gold and silver, check out these five reasons you should be doing it now, brought to you by the professionals at First National Bullion, the best place to buy gold in San Diego.
1. They Work as a Hedge Against Inflation
Flat currency is based upon general faith and belief. Right now, most of the world’s currencies are considered to be flat, and the value of the dollar can fluctuate rapidly depending on the economy. During periods with inflation, flat currencies lose their value, but the value of gold and silver tend to go up because they have physical backing. Your purchase can protect you from the ups and downs that occur when the economy suddenly shifts.
2. They’re Easily Liquified
You can keep your gold and silver purchases for as long as you want. However, they’re an easy sell when you need to make some money. Whether you need a down payment for a home or you have unexpected medical bills, your gold and silver stockpile can be a welcome asset when you need to quickly cover a pressing financial need.
3. They’re Tangible Sources of Money
Today’s virtual currencies and the general trend toward online banking may be convenient, but they leave people vulnerable to potential dangers such as hacking. Consider what could happen if the banking systems go down. If you’ve ever felt the temporary inconvenience of having your bank card not work due to a system malfunction, just imagine what that would feel like for a long period. Gold and silver are physical sources of currency that have the same value as money that can be tapped into in an economic emergency.
4. They’re Valued Throughout the World
Your American dollars change value according to international exchange rates. Some financial forecasters even claim the U.S. dollar might eventually crumble. Whether or not you believe this could be true, you should still consider the fact that gold and silver retain their value throughout the world. In fact, the prices even go up in certain countries, depending on the demand. For instance, India and China are currently driving up the prices of these metals as demand rises.
5. They Diversify Your Financial Portfolio
It’s been said you should never put all your eggs in one basket. With your retirement hinging upon your personal investments, you need to do more than just invest in the stock market. Gold and silver give you options that round out your portfolio. Since they have a negative correlation to the stock market, they provide an extra financial cushion for times when your other investments lose value.
Whether they’re looking to buy platinum coins, gold bullion, or silver bars, San Diego residents can trust the reputable dealers at First National Bullion. We’re a boutique precious metals firm with experienced professionals, and we work hard to keep our investors informed with the most up-to-date market intelligence. If you’re looking to add precious metals to your investment portfolio, call us 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.