Stepping into your first job and confused about investing? Read this article and gather a few investment tips related to bullion markets. You may be amazed to know that investment activity in the Australian bullion market has jumped up 3-folds in the last decade. This trend is likely to continue in the next decade as well; various researches say the bullion investment activity is most likely to rise more than 3-folds during 2020-2030.
As a millennial, these are interesting times to begin a life-long investment journey. If you start early, you may rake in as much as 75% on your gold and silver investments. However, before you park your first dollar in the bullion market, read this article. People buy gold and silver for various reasons. The chief reason is the concern over the climbing inflation rates. Investments in gold and silver could help you beat inflation. This means that if the value of the AUD is going down by x% in a given period, your bullion investments would more than cover up this decline. World over, people invest in gold and silver precisely for this reason.
The other important reason has got to do with insuring your wealth. Let’s say you have more than a million dollars in your bank account and one day you lose your job. For the time that you can not land a new job, you are exhausting your savings. Does that happen when there is little or no savings in your bank account? This is where your gold investments come in, they shore up your reserves.
While the above two reasons protect your savings, the third reason is about maximizing your wealth. Gold and silver are also strategic metals and are used in many defence-related applications. There is always a very heavy demand for these metals all over the world because of their commercial and strategic value. When you buy gold and silver, you are able to influence demand and create value for yourself. So it is very important while investing in such precious metal that it should be from a trustworthy source like gmrgold.com as they have the experience, expertise and resources to serve your precious metals investing needs also they offer low prices on precious metals, coins and bullion.
The most precious metal is of course gold, and over the years, it has generated phenomenal value for its investors. But this doesn’t mean that buying gold is expensive or difficult. If you want to know more about how can one buy gold to suit their long-term goals and risk profile, click here.
In fact, why just gold? You could also look at its cheaper alternative too. Silver! Silver has various commercial and industrial applications and is always in demand all over the world. You can buy silver in the form of coins, bars, and of course jewellery. However, the flip side is that the holding cost of silver is more than that of gold. This means that you would have to pay more for the storage of 1 kg of silver than 1kg of gold. Furthermore, the returns on silver aren’t nearly as lucrative as that on gold, perhaps why, Gold is not the front runner in the race of precious metals.
Gold and silver aren’t the only precious metals available in the market. There is another metal which is a favourite among bullion investors. Platinum! Like gold and silver, this metal to is used quite widely in several industries. But unlike gold and silver, platinum has a near-constant price. There is a very slight price variation of this metal, so your price realization is lesser. However, if you want to add diversity to your precious metal portfolio, you can go ahead and venture into buying platinum.
This discussion would be incomplete without copper. It’s not considered a precious metal but copper is used in defence and other strategic industries. Copper is traded by many commodity marketers, and it would be great if you considered adding the brown metal to your portfolio along with precious metals.