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How to Buy Gold and Silver For Investment

By April 19, 2022 No Comments
silver and gold buy

Opportune Time For Gold & Silver May Be Now

You have decided that gold and silver are the right addition to your portfolio. Now comes the hard part. How exactly should you buy gold and silver for your investment? The reality is that there are more purchasing options than you would expect. After you read this article, call us at Allegiance Gold at 844-790-9191 to receive your FREE Gold IRA Guide. We can help educate you on the importance of how precious metals, like gold and silver, may make a difference in your financial portfolio. Here, we will take a look at some of the most popular ways to add gold and silver to your portfolio.

Gold and Silver Bullion

Perhaps one of the purest ways to add gold and silver to your portfolio is through the purchase of physical gold and silver bullion. This is particularly attractive since you will have physical ownership of your asset. This can help protect you in case of government instability or some sort of crash or bank holiday in the markets. You have a number of options when it comes to the purchase of gold and silver bullion. 

Coins and bars

Your first option is to purchase gold and silver coins and bars. You can find coins and bars available in a number of denominations from several different countries. Here’s a look at some of the most popular gold and silver coins and bullion purchasing options available: 

Collectables

You can also purchase collectible gold and silver coins. These coins tend to be worth somewhat more than the precious metal “melt” value. For instance, a $10 Indian Gold Eagle from 1932 will have about .43 troy ounces of gold content with a value of about $775. However, this coin will have a retail price of about $1,300. These coins may appreciate greatly in value due to their rarity. However, investing in collectibles should be reserved for more experienced collectors. 

Junk silver 

Finally, junk silver is a great investment option for new investors. Junk silvers are quarters and dimes from the United States minted before the year 1965. These coins contain real silver content and have the lowest cost over the spot price of any precious metal. 

Gold and Silver ETFs

If you do not want to own physical gold and silver, then you can purchase gold and silver ETFs. These ETFs track the price of the precious metal and they are easy to buy and well through an online broker. 

Futures based ETFs

Futures-based ETFs will track the price of gold and silver by their rolling futures value. This doesn’t exactly track the spot price of gold and silver. However, it comes rather close. 

  • SPDR Gold Trust ETF (GLD)
  • iShares Silver Trust ETF (SLV)

Physical Bullion ETFs 

Some people prefer to have ETFs that are backed by physical gold and silver. Here’s a look at some popular physical bullion ETFs:

  • VanEck’s Physical Gold ETF (OUNZ)
  • Aberdeen Physical Silver ETF (SIVR)

Gold and Silver Miners

You can also own gold and silver through the purchase of gold and silver miner companies. These companies move as a leverage play on precious metals. In the precious metals mining space, there are two types of mining stocks: Senior and junior miners. 

Senior Mining Stocks

Senior mining stocks are mining companies that already have an operational mine and are pulling gold and silver out of the ground. These companies are considered “mature” and more stable. 

Junior Mining Stocks 

Junior mining stocks are companies that are looking to acquire land or find gold mines. These are extremely speculative stocks that should only be used by experienced investors. 

Gold IRAs

Finally, you can own gold through a Gold IRA account. With a Gold IRA account, you do not have to pay taxes on your profits from gold sales until you withdraw your precious metals at retirement age. You can start a Gold IRA by purchasing gold bullion that is approved by the IRS and storing it with an approved third-party custodian. 

Adding Gold and Silver to Your Portfolio 

As you can see, there are a number of ways to add gold and silver to your portfolio. Consider the pros and the cons of each investment strategy. With some gold and silver, you can have a properly diversified portfolio. For more information on how to protect your financial portfolio, make sure to call us at Allegiance Gold. For many years we have helped retirees and investors protect their hard-earned savings. When you call, make sure to ask about receiving your FREE Gold IRA Guide; or simply fill out the form below and we will send it to you.

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