So, you’ve decided you’d like to diversify your investment portfolio and invest in some precious metals. But what do you choose, gold, silver, or both? What are the differences between them? Both gold and silver are similar in the sense that they are precious metals. However, when it comes to investing, there are vast differences …
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Storing Your Precious Metals: 3 Ways to Do That
Storage is a significant factor to consider when investing in precious metals like gold, silver, or platinum. Once you’ve purchased coins, bars, or jewelry, it’s normal to start wondering how to keep them safe and secure.Finding the right storage space is a pivotal decision, and fortunately, it isn’t a difficult one. There are three ways …
Alternative Investments: Options for IRAs
There was a time when the world of alternative investments was dominated by storied investors who make deliberate investments in startups and small businesses. Nowadays, the universe’s alternative investments comprise of major financial markets in a range of asset classes. This industry has come to be valued at trillions of dollars and is rapidly growing. …
5 Things You Must Know Before Starting a Self-Directed IRA
If you’ve embarked on your journey toward financial freedom, this blog is for you. Achieving financial freedom revolves around one basic principle:you must be in control of your financial future. The happiness and distress in your life vary by the small decisions you make now and then. And when it comes to financial and investment …
Precious Metal Bullions: FAQs
Bullions are precious metals, like gold, silver, or platinum in the form of a bar, ingot or investment coin. These bars are available in different weights and purity. The word was derived from the French word bouillon, which means to boil. This refers to the processes involved in refining and shaping precious metals. Here are …
How Will the US Election Impact Gold Prices?
The 2020 US presidential election is going to be one of the most consequential elections in decades. Issues ranging from healthcare, immigration, crime, and housing will be addressed in the election. However, the most critical issue the election is facing is the economy. As the coronavirus has significantly damaged the economy, the election will determine …
Alternative Ways to Invest in Precious Metals
Precious metals have been an investment option for millennia. For most of history, the only way you could invest in precious metals was to buy precious metal bars, coins, or jewelry. Therefore, investors had large quantities of gold bars in their possession. However, in modern times, investors have many more options when it comes to …
Diversify Your Self-Directed IRAs with Precious Metals
A self-directed IRA allows you to invest in non-traditional assets such as real estate and precious metals. Since gold and silver are the most reliable store of value, you can benefit significantly from investing in these. The freedom to choose an investment to your liking also gives you more autonomy over your retirement plans. You …
Frugality and Self-Directed IRA Owners
A self-directed IRA can be a fantastic way to prepare for the future. Having money set aside for retirement can be significant, especially since the future economic conditions seem so uncertain. However, one thing investors often wonder is, do you have to be frugal to have an effective IRA? Indeed, having a retirement account means …
4 Reasons It’s a Good Time for Self-Directed IRAs
In a year of uncertainty amid the COVID-19 outbreak, governments seem unsure about the world’s economic future. Millions of people worldwide have lost jobs, businesses have permanently shut down, and families have suffered at the hands of the deadly disease and the subsequent financial distress. In these unprecedented times, investors who had smartly bought assets …
