Many people would like to add hard assets like gold and silver to their investment portfolio but are not always clear about how exactly to go about it. It’s easy to get confused between buying a gold and silver ETFs, gold and silver coins, and bullion. The precious metals trade can be a little confusing and intimidating, so today I thought we could review the basics.
The first question for most people will be how much of their wealth they be should allocating to hard assets. Allocation is too big of an issue for one column because there are so many variables involved, including your own tolerance for risk and ability to secure valuables. Fortunately there are some good books out there that can help you do those calculations.
The next question you’ll face is what to buy. I recommend physical possession because an ETF or gold in a vault somewhere does you absolutely no good if you need that asset in a crisis.
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