A Personal finance blog to get rich
There’s nothing more exciting than making strategic investment choices. And while precious metals might seem a bit aloof at times, they can be one of the most strategic investments you can make during uncertain economic times. Many investors love gold as an inflation hedge or for portfolio diversification.
Some analysts and wealthy people will recommend having at least 25% of your portfolio as gold, but using it as an inflation hedge only requires about 10%.
Gold has a history that crosses countless borders and thousands of years. For these reasons and others, it’s respected globally. The first coins that contained gold date back to approximately 650 B.C. Around a century later, during King Croesus of Lydia’s reign, pure gold coins were made for the first time.
While many currencies of the past have faded away, gold is something that people continue to hold onto. Gold continues to be valued by modern economies, which is why it has held its worth. Gold is often treated as a form of financial insurance. This metal can be used in place of other currencies.
When people start thinking about where and how to invest their money, they come up with various ideas. Some of these ideas include real estate investments, investing in start-up businesses, and so many others. However, some people are aware that investing in precious metals, like silver or gold, can be an excellent opportunity in the long run.
In case you’re considering investing in precious metals, you must know several key things, including where and how you’ll spend, as well as how much knowledge you need for this type of investment.
My retirement portfolio consists of stocks and bonds, primarily because my employer 401k doesn’t have any other option other than those. My IRA account has some investment in GLD (SPDR gold ETF). Later in this post, find the image with the last three years’ performance of this ETF. Gold and silver during recession perform better.
Better than any stocks in my IRA portfolio. As the recession fear grows, this ETF and similar ones would tend to perform even better. People do buy bullion more during or approaching a recession.
If you are planning for a better retirement, you actually have more instruments to use right now. You can develop your own investment portfolio and generate passive revenue from the investments you make. You also have the option to invest in real estate and mutual funds, particularly for the long-term gains they offer.
One thing you also want to use when doing retirement planning is the Individual Retirement Account or IRA. It gives you the ability to earn tax-deferred growth on up to $5,000 per year. You also have the option to switch to a gold IRA. What is the difference between the two? Should you get a gold IRA? We are going to answer these questions in this article.
I love writing about little baby steps in personal finance. Like how to invest your first $1000 or how to earn $100 in a day legally. This is another baby step guide. As an investor, you might want small exposure in metals, for diversity’s sake.
Without enough money, today, it’s still possible to invest in the future of gold and silver. This post is about finding ways for you to invest your first $100 in metal future.
Many investors understand that owning precious metals is not as glamorous as owning shares of Apple or Tesla. Yet, precious metals hold an important position in the portfolio of any investor that wants to hedge against economic uncertainty and volatility.
We are currently living in highly uncertain and volatile times as a new wave of populism and military adventurism sweeps over the geopolitical landscape. 31The article provides a no-frills straightforward guide on investing in precious metals.
According to research in 2010, precious metals were some of the most lucrative assets over the previous five years – earning investors an impressive 42% return from their 2010 precious metal investments.
Despite these optimistic numbers, investors should research the current economy and metals market before diving into investments. The value of precious metals tends to fluctuate over time, so taking the time to consider current market trends is crucial to achieving the highest rates of returns.
While it may not be entirely suitable for everyone, there is no doubt that gold is a unique and potentially lucrative investment that remains enduringly popular. It remains one of the few assets that can be traded either physically or on paper, but it is the status of gold as an actual measure of wealth that earmarks the commodity as a unique haven during every economic austerity.
Its consistent historical performance also offers solace to investors and is extremely unusual in an increasingly volatile financial market. Since the days of early monarchies, gold has been the primary mode of investment, until recently, when stocks took over that role. Still, experts recommend having 10-15% of investment in gold.
So why does gold present itself as such an essential asset to hold onto?
Throughout human history, people have been fascinated by gold. It’s distinctive shine and beauty made it the go-to material for religious objects and building direction. Gold has a quality of permanence–in looks, in its technological applications, in but most importantly, in value.
Consider this incredible fact: In ancient Greece, a set of well-tailored clothes would cost you roughly an ounce of gold. Today, a nice, tailored suit will cost you a little over $1,300–roughly the value of an ounce of gold (at the time this was written).
Gold holds its value remarkably well, unlike most currencies.This is mostly because there is a relatively fixed amount of gold in the world. This finite supply ensures a nearly constant demand.
