Here’s a list of our most frequently asked questions and the answers to each of the questions. If you don’t find the answer your looking for or still have questions, then please reach out to us and one of our advisors will get back to you.
What are precious metals?
Rare and expensive metals known as precious metals are frequently used in investing and in industry. The four most frequently traded precious metals include palladium, platinum, silver, and gold.
What is the difference between bullion and numismatic coins?
Numismatic coins are valued based on their rarity, historical relevance, and condition, while numismatic coins are valued based on their weight and purity.
Why should I invest in precious metals?
Due to their propensity to preserve their value over time, investing in precious metals can act as a hedge against inflation and economic uncertainty. Also, they can diversify your financial portfolio.
What types of precious metals can I invest in?
Many precious metals, such as gold, silver, platinum, and palladium, are available for investment. They can be acquired as exchange-traded funds, bullion coins, or bars (ETFs).
What are the risks associated with investing in precious metals?
There are various risks with investing in precious metals. Avoiding all risk is not possible, just like any other investment. Precious metal prices may change based on market conditions i.e. supply and demand. Be sure to research and do your due diligence before making any investment.
How do I buy and sell precious metals?
You can buy and sell precious metals through various dealers, ETFs aka exchange-traded funds and online platforms. Be sure to do your research and compare prices and more importantly, the fees associated before investing.
How do I store my precious metals?
You can store precious metals in various locations. They should be stored in a secure location, such as a bank safety deposit box, a home safe, or a specialized storage facility. Be sure to understand the cost and security associated with each storage option.
What taxes apply to investing in precious metals?
Taxes depend on country, state, and city. You may be subject to capital gains tax and more. Be sure to speak with an accountant or tax advisor for more accurate tax information related to gold and silver IRA accounts.
Which company should I open a gold IRA plan with today?
There are many different companies to consider opening a gold IRA account with today. We suggest Birch Gold Group, Augusta Precious Metals, Goldco, and Noble Gold.