Precious Metals Investing. Should I Go All In?

Purchasing or selling precious metals such as gold, silver, and/or platinum is mostly what comes to someone’s mind when talking about investing in precious metals.

Its either people will purchase the metal and store it in a vault or any other private and safe place; or obtain a precious metals ETF.

Basically, it means purchasing stock with a price equivalent to the recent value of a precious metal.

gold bullion, bank, finance
Precious metals investing, Is it a good time to go all in on Precious metals? Or should I wait?. Courtesy of Pixabay

ETFs for precious metals show high levels of interest from investors. It could be proprietary rights of silver, gold mines or refiners. It usually follows the trend of value of  precious metal, but ETF’s are likely to be more stable.

Putting money in precious metals is a tricky investment. It is not suitable for people looking for a quick way to gamble their money to make a quick buck.

If you only have a few investments, acquiring precious metal stocks might not be a good thing. If you fall into the group indicated above, you will want to avoid risky investments and risk  losing your life’s savings.

Have a look at the Aurcana Corporation, one of the Richmond Clubs Stock Picks. Their stock value has grown 300%+ over the past 5 months.

TSXV:AUN

Precious metals Investing

But investing in precious metals has a few advantages. One of the advantages is it is a solid tangible product unlike owning a share of company stock which its authentication exists on a piece of paper.

Second is there is only a limited supply of gold due to its scarce and hard-to-find resources. Gold’s supply is not swiftly increasing, although more gold is constantly being mined.

Lastly, the price of precious metals increases when economies of the United States and other Western economies weaken.

The latest increase of gold’s value occurred during the time of fragility of the United States’ economy.

People debated that the hike of gold’s value was due to high inflation. The weak economy of the said country seems to be the common variable.

Clearly, the recent immense hike in gold and silver’s value is one of the reasons why people love to invest in precious metals. It shows that you can get rich in an instant when growth in precious metal’s value occurs.

If you previously bought gold, congrats! Because you just hit the jackpot.

Investing in these valuable metals doesn’t guarantee you will be “rolling-in-money”  with just a snap of your fingers because the considerable increase in value in precious metals already happened.

That is the downside in investing in them: they’re unstable investments.

The value just maintains a constant trend in slightly increasing and decreasing for the past several years.

Recently, some radio talk shows are paid by gold sellers to keep on talking about how the American economy could soon collapse, which causes gold to sell admirably.

A win-win for both parties that leaves the investor in a risky situation. This is not a scenario that few people desire to be in if one is discouraged with their other losing investments.

It causes investors to sell some of their valuable metals.

One must always be careful and prepared when investing in precious metals.

It is for people willing to put their money in a long-term investment. Including precious metals in your vast collection of investments is a good thing.

Even though it is a risky investment, the other assets will stabilize it.

The good news is as of now, precious metal’s value is at an equilibrium state.

Richmond Club Index VS The S&P over the last 15 years. Courtesy of The Richmond Club

We would encourage you to please see our Richmond Club Advisor Group that receives investment advice, stock picks, newsletter, and stock offerings throughout the year. 

Please feel free to contact us at dave@richmondclub.com if you have any questions about the membership.

10 Questions to Ask Before Investing in Precious Metals

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