Precious Metals Investing 101 – What Are the Things You Must Know?

Courtesy of Durham Precious Metals

There are various important decisions you need to make before you get started with precious metals investing. Some of these include the following:

Numismatics VS Bullion

Bullion is the term, which refers to the precious metals that are sold, bought or owned for the value of its metal content and not really a special collectible, historical or numismatic value. Rare, numismatic or semi-rare coins, on contrary, are being sold and bought for higher price compared to the metal that’s worth because of special value. While several bullion would carry premium over some bullion forms, the idea behind bullion is still the same, the bar or coin represents the purity and weight of the precious metals that has stamped on the metal’s surface.

Silver VS Gold
Gold has been considered the grandfather of all precious metals, yet most investors feel that silver is a strategic investment in the market. Nevertheless, every investor must carefully consider the differences between silver and gold:

Tradability VS Portability
Due to denser composition and higher value, gold is by far easier compared to silver in terms of storage, transporting, and concealing. However, silver is considered to be much easier to barter, trade, sell, and buy. Since silver coins range between $5 and $25, they’re far superior for bartering and spending on daily basis or selling and buying in smaller portions.

Ease of Liquidation VS Lower Premium
As the golden rule, the smaller coins are much easier to sell to some coin shops and investors or to use in barter or trade situation. Typically, you’ll pay more than the spot price to purchase such coins. On contrary, bigger, costlier bullion items can be bought with lower premiums over the spot prices, yet may present more challenges when you’re looking to sell it. Before you purchase, ask why you should purchase precious metals.

Silver as the Industrial Commodity
The dual purpose of silver as a precious metal and an industrial metal makes special pros and cons. Due to the use of silver in manufacturing, the silver’s price could be sensitive to the downs and ups of manufacturing. This fact, combined with the smaller price per ounce of silver can make the market of silver much volatile compared to gold. Oftentimes, silver is considered as a double-edged investment since its industrial use provides its strength in times of an economic prosperity and its precious metal use offers it strength as hedge against the failing US dollar as well as weakening global economy.

Platinum and Palladium
Due to the highly specialized industrial use, platinum and palladium aren’t the common choices for the new investors. Palladium and platinum may be strategic investments in numerous cases, yet investors must research the background and history of palladium or platinum before buying. Investors must also be aware that several traditional outlets for the retail of the precious metals might not be as conducive to buying palladium or platinum as they would with silver and gold.

Ways To Invest For Your Future With A Financial Advisor

A financial advisor can help you get your investments, succeed in retirement and life in order. What are the ways that you can invest when it comes to using an advisor? It’s not just about stocks, bonds and individual securities. You might also want to look at mutual funds, ETFs, superannuation, IRAs, 401ks, life insurance, annuities and much more. There are all kinds of investments that can help you build your nest egg and financial future. If you’re looking to grab a head start on your investments and securing your success in the future, feel free to visit this link we support wholeheartedly, https://www.wealthandretirement.com.au/financial-advisors-townsville/.

What about a college savings plan for your kids? That can help you get them ready to start their lives and of course, pay for their education. What about significant purchases that you have coming up in your future? Do you plan to buy or build a home? There are other ways to invest using a financial advisor, too. Have you considered getting into precious metals spending? You could start a gold IRA or have your advisor help you do a rollover.

Financial advisors not only know quite a lot about the types of investments available to you but also the planning. They will look at your situation, and they will help you make all kinds of decisions based on your needs, goals, time frame and risk tolerance. You don’t have to make all of those financial decisions alone. You can get help planning your financial future.

It’s as easy as sitting down with a financial advisor for a consultation. You do have to pay for a financial advisor, but it sure does sound lovely having that peace of mind knowing you are on track, right? A financial advisor can help you crunch the numbers concerning your goals, and they can help you re balance your investments regularly. They can help you maximise returns, and they can help you increase your bottom line in regards to your overall finances.

We would like to finally give credit for this article to the Financial Advisors in Townsville for providing valuable information that we can now share with the viewers of our blog. Please visit their website, https://sites.google.com/site/financialadviserstownsville/.

Is Superannuation An Important Financial Tool For Australians?

As a young professional starting from the bottom, planning for retirement if usually going to be the last thing you think of. That’s certainly what Warren from Wealth & Retirement Solutions thought before he made the decision to become a professional that can actually help people snap into proper routine and set their own future up. Warren is a wealth of knowledge and plenty of his articles can be found at his website, https://www.wealthandretirement.com.au – Financial Advisers. As far as we know, he also has a Tumblr Page that he’s quite fond of posting all things finance.

You certainly want to be planning for your retirement. It’s going to be a lot of fun, but you need to be able to fund those golden years. Australians do get an age pension benefit if they qualify, but do you? Furthermore, is it going to be enough to help you get by? Even if it would sustain you, what about those extra trips and vacations? What about all the fun you want to have in retirement?

Superannuation can help get you there. Indeed, you have other options, too, when it comes to saving for retirement. Super is perhaps the best option because of the tax benefits. You can make contributions, and then you can start drawing without penalties once you reach a certain age. Doesn’t it sound like a plan to get to the point where you end up having enough money to help you live comfortably during your retirement?

NOTE: find out more information about superannuation in this Blog Spot page, https://financialplanningprofessionals.blogspot.com/. We have it on good authority that there is plenty of information built up by a variety of professionals in the industry.

The sky is the limit if you save well enough, and you could be doing so much during your golden years. You might be wondering about those tax benefits. Indeed, you need to hear more. You should look at all of the advantages of superannuation for retirement, and then you will be telling your fellow Australians that it’s time to get serious about what to do when work stops. You’re going to find all kinds of things to do, but you’re going to need the money for it, that’s for sure.

Does superannuation sound like a plan to you? What kinds of investments can you make? Is there a limit to contributions annually? You’re going to want answers to all of your questions, but at least now you have decided to take that step. It’s time to get serious about retirement so that you are prepared when the time comes.