Market Trends About Precious Metal Investments
Precious metals, such as gold, silver, and platinum, have held their allure as safe-haven assets and effective hedges against inflation for centuries. Recently, the volatile global economic landscape and uncertainties have spurred increased interest in precious metal investments.
As potential investors seek to diversify their portfolios and safeguard their wealth, staying informed about the latest precious metal investment trends is a top priority. This blog delves into key market trends, offering authoritative insights to help potential investors make informed decisions and capitalize on the potential benefits of precious metal investments.
Gold’s Expected Rebound
In 2021, gold experienced its most significant annual decline since 2015, dropping by 3.6%. Nevertheless, seasoned investors strengthen their positions on market declines and stress the necessity of having physical gold in one’s portfolio amidst soaring global inflation. Kitco’s recent survey supports this sentiment, with 32.7% of respondents predicting gold to be the top-performing asset of the year.
Wall Street echoes the optimism, indicating that gold is poised for a strong rebound. Wealth managers recommend allocating 10-20% of an investment portfolio to gold to safeguard against potential economic downturns, even if other stocks outperform it.
Presently, gold coins are the preferred gold bullion option. Even for small-scale investors, acquiring gold coins can be wise due to its rarity and enduring value as a store of wealth.
Silver’s Underlying Potential
Silver, much like gold, experienced a lackluster performance last year, closing down 11.5%. Despite this, Kitco survey respondents expressed optimism, with 32.1% predicting silver as the top performer in 2021.
Many experts highlight silver’s promising outlook, emphasizing its affordability compared to other metals and commodities. With its increasing relevance in emerging technologies and green energy, many believe 2023 holds significant potential for silver to break out, especially after trailing behind gold in recent years.
Historically, silver tends to follow gold’s lead, indicating that if gold predictions come to fruition, silver will likely follow suit. Buying and selling physical silver can be done with a simple phone call, and physical silver carries no counterparty risk.
The precious metal bullion market has experienced significant growth, and tangible precious metals like gold and silver is a prudent way to hedge against inflation and other investments that carry counterparty risk.
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