Buying precious metals in 2013 will possibly be the smartest decision you do implement this year. The world depression and GFC has unfortunately caused loads of firms and livelihoods to explode. Todays currency markets have been completely crazy, and the craziness of the currency markets is creating havoc around the world.
Future investor methods silver and gold are a smart method to invest for the future. Just take a look at what your dollar is now worth.
Now see how gold performed in later decades. When the old gold standard was removed in the 70's, precious metals would've been a proven performer an in fact has outperformed all other investor areas including the share market, property, and the currency sectors. The live gold value does consistently beat many of the staple investor methods.
Buying precious metals may be a great idea for your future retirement fund, however there are a few things you do require to understand about the live gold rate and how you may loose your investment even if the precious metal rate increases.
When purchasing from precious metals brokers, there will be further charges and fees that will explode the rate of purchasing gold. The gold price at the time is not a good expression of the overall charges.
After all, you are not David Einhorn who does have amazing resources to decide and then buy hundreds of thousands of dollars worth of gold.
Let's look at an example. You've done all of your research and decide you'd like to buy a little gold at the current rate - ley us say today it's at $1750.00.
It all looks fine then you approach one the large gold brokers such as the American Mint because they have a good reputation and prove. As you place your order for your own pile of gold however, you rapidly understand you do not have enough money. Precious metals are normally measured as gold value per gram. This happens due to the extra charges and fees. After all they have a business to operate.
There's other methods to acquire gold in lesser quantities and not have to incur much larger charges. Companies such as Credit Suisse and Suisse PAMP make is much easier to purchase precious metals in much smaller quantities ensuring you don't need to buy gold bullion.
In addition to the extra fees, the price of the US gold bar, and precious metal pennies can be reduced in value becasue of damage in transit and and when in storage. It us always a good premise to investigate the precious metal broker prior to going into any agreement, and research other dealings with your broker. live gold rate