If you are concerned about unpredictable markets and the fluctuating value of stocks and bonds, you may want to consider more stable forms of wealth. Gold bullion, for example, is an excellent way to safeguard your money and diversify your portfolio using a tangible investment. Use the following list of do’s and don’ts to enter this buying process confidently. 

Do:

Think about the economy.

Bullion may be a bar or coin made of gold, silver, or other precious metal. While it might be beautiful, it is not bought for display purposes like jewelry or collectible coins. Instead, it is purchased by individuals wanting to add a stable asset to their investment portfolio. Therefore, it is important to know that precious metals are considered insurance against the devaluation of currency through inflation or government devaluation.

Many buyers budget a set amount each week, or month, to invest over a long time period giving them a stable average cost.  Your holdings can be considered a secondary insurance policy against bad economic times or for a family emergency.  

Research before you buy.

Before you rush into this purchase, you will need to come up with a solid investment plan like a monthly budget for purchasing your gold or silver.  Bullion, in each of the differing forms, has one constant.  You can purchase it for a small markup over the market price (which is called “spot” in the marketplace). 

Don’t:

Work with an untrustworthy dealer.

Stay away from dealers who advertise on TV, post on Craigslist, or do not have physical stores. You should be able to meet with the dealer in person. The individual should also demonstrate a thorough understanding their product. Anyone who tries to solicit you online or over the phone poses a scamming or phishing risk.

Storing your new purchase.

You now have a cash alternative that trades almost as easily as a greenback.  You will have to plan for the safekeeping of your new investment.  A bank safe deposit box is one option as well as a home safe.  One thing to avoid is paying the company you purchased your bullion from to store it for you.  This could be very problematic. One reason you are buying bullion is to HAVE the physical metal in your possession for emergencies.  

If you are interested in investments that stabilize your wealth, contact Coins Plus of Cincinnati, OH. Coins Plus is the city’s only “National Award Winning and PNG Dealer,” this trusted storefront has been assisting investors, numismatists, and collectors since 1972. We are also the only PNG precious metals dealer in the area. They are proud to buy and sell coins and gold bullion as well as offer appraisals on a variety of antiques. To learn more about their offerings, visit their website. You can also call (513) 621-1996 to discuss your investment goals.