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When you sell gold to us, we will explain every step of the process to help you understand how selling gold works. With your XRF Precious metals Analyzer, we can test your gold to know exactly what purity your gold contains. This helps us assess your gold to give you the most when you sell.
When the economy is uncertain and markets fluctuate, many investors turn to precious metals as a more reliable option, but knowing how to get started with investing in precious metals is a critical first step.
Investing in precious metals like gold and silver offers a hedge against inflation, currency devaluation, and geopolitical instability. But there are specific strategies involved for investing in gold and silver, as well as important considerations for newcomers to the market.
Overview of Investing in Precious Metals
Investing in precious metals involves purchasing physical assets such as gold, silver, platinum, and palladium. These metals have been valued throughout history for their rarity, durability, and intrinsic worth.
Unlike stocks or bonds, which can be influenced by economic conditions and company performance, the value of precious metals is largely independent of these factors.
Benefits of Investing in Precious Metals
There’s a reason that so many people continue to invest in precious metals. Actually, there are several reasons. Here are some of the benefits of doing so:
- Diversification: Precious metals provide diversification within an investment portfolio, reducing overall risk.
- Inflation Hedge: Historically, precious metals have retained their value during times of inflation, making them a reliable hedge against currency devaluation.
- Store of Value: Gold and silver have been recognized as stores of value for thousands of years, offering stability in uncertain economic environments.
- Liquidity: Precious metals are easily bought and sold, providing investors with liquidity when needed.
Investing in Gold
Gold is the most popular precious metal for investors. Its popularity is due to its scarcity and enduring value. Plus, you can buy gold in various forms, including coins and bars.
Gold coins, such as American Eagles or Canadian Maple Leafs, are minted by government agencies and are highly recognizable and easy to trade.
Gold bars, typically available in various weights ranging from grams to kilograms, offer investors a cost-effective way to acquire larger quantities of gold.
Investing in Silver
Silver is another attractive option for investors seeking exposure to precious metals. Like gold, silver can be purchased in the form of coins or bars.
Silver coins that are popular investments include the American Silver Eagle and the Austrian Philharmonic, known for their purity and quality.
Silver bars are available in various sizes and are an affordable option for investors looking to diversify their portfolios.
Things to Consider When Investing in Precious Metals
Before you get started with investing in precious metals, here are some things to consider:
- Storage and Security. Consider how you will store your precious metals to ensure their safety and security.
- Market Conditions. Keep an eye on market trends and factors influencing the price of precious metals, such as interest rates and geopolitical events.
- Dealer Reputation. Choose a reputable dealer with a track record of reliability and transparency.
- Factor in transaction costs, premiums, and potential taxes when purchasing precious metals.
Start Investing in Precious Metals Today!
Investing in precious metals offers stability and diversification in an ever-changing financial landscape. Plus, buying gold and silver provides valuable opportunities to safeguard your wealth and preserve purchasing power for the future.
Contact the experts at California Gold & Silver Exchange to learn more about how you can start building your investment portfolio with gold and silver. With their guidance and expertise, you can navigate the complexities of the precious metals market and make informed investment decisions.
Call (909) 985-4653 or click here for more ways to contact us.
The acts of collecting and investing in gold merge into one with the new series of PAMP Lunar New Year Gold Bars.
This is a beautiful series of minted bullion bars — 5g and 1oz options are available. Each gold bar carries a unique serial number and features a stunning proof-like finish.
And the brilliant red CertiPAMP™ assay card and accompanying envelope makes each annual ingot the ideal New Year gift and collectible.
2024: The Year of the Dragon
The series will celebrate each Lunar New Year, beginning with the 2024 Year of the Dragon. This Year of the Dragon begins on Feb. 10, 2024 and ends on Jan. 28, 2025, when the Year of the Snake will begin.
The PAMP Lunar New Year gold bars tell legendary stories related to each of the 12 animals of the Chinese Zodiac. As this is the Year of the Dragon, the first bar tells the Legend of the Azure Dragon.
The Azure Dragon
The Azure Dragon is one of the most celebrated dragons in China and one of the four symbols of the Chinese Constellation.
According to mythology, the Azure Dragon is believed to bring good luck and prosperity. While the Azure Dragon is said to control the elements of water and air, it’s also associated with the element of wood, representing growth, renewal, and vitality.
Further, as Guardian of the East, the Azure Dragon is a harbinger of the coming spring season, bringing rain that is essential for bountiful harvests.
The Hour of the Dragon
The obverse design on the bar depicts each of the twelve animals of the lunar cycle as a large star encircling the new moon. The dragon is fifth clockwise, in the 4:00 position.
Throughout the day, each animal has a two-hour window of potency. The dragon is at its most powerful between the hours of 7 and 9 a.m. Its zenith is at 8 a.m.
Get Your 2024 Year of the Dragon PAMP Lunar New Year Gold Bars Today
The 5g gold bar is .90mm thick and measures 13.1mm x 22.1mm.
The 1oz gold bar is 1.71mm thick and measures 24mm x 41mm.
They are an exquisite collectible investment and only available while supplies last. Get yours today!
Call (909) 985-4653 or click here to contact us for current prices.
Silver bounced around a little but was relatively flat throughout 2023, so what is the silver market outlook in 2024?
We don’t encourage speculation, since anything can happen, but experts are expecting price strengthening and increases in demand in the year ahead.
What Happened With Silver in 2023?
Silver was at $23.96 per ounce at the beginning of 2023.
It hit a high of $26.06 in May, rebounding from the year low of $20.01 in March.
Overall, with a year-end closing price of $24.33, silver saw a 1.53% growth in 2023.
What are Experts Forecasting for Silver in 2024?
Because of industrial uses for silver, experts are forecasting higher demand, which can also lead to higher prices.
For example, silver is used in solar panels, electronics, electric vehicles, and medical applications. And ongoing tech advancements, along with the global push towards clean and renewable energy, are expected to significantly increase the amount of silver needed to keep up with the demand.
Most of the industry shares the expectation that silver prices will continue to rise to some degree in 2024.
Nasdaq published an opinion that silver could see a high of $34.43 in 2024, while J.P. Morgan forecasts an average of $30/oz for silver by the fourth quarter of 2024.
Allegiance Gold sums up 2024 predictions this way: silver supply to drop + silver demand to increase + lower interest rates + the possibility of more bank failures and war = higher silver prices in 2024.
What Does this Mean for You?
All signs point to silver remaining a good investment in 2024. This means it’s a good time to both buy and sell silver.
But as to what this means to you individually, it’s always best to seek professional financial advice before taking action. Simply call (909) 985-4653 or click here for more ways to contact us.
