Precious metals have been a safe haven for investors for centuries, providing stability when stock markets and other investments experience turbulence. Gold and silver are two of the most popular precious metals to invest in, since they both have a high value that is unlikely to decrease in times of financial crisis. Gold has had a long history as an international currency and its value often rises during episodic economic downturns.
Silver is known for its growth in value once these difficult periods come to an end and is also used clinically because of its anti-microbial properties. Financial advisors recommend gold and silver investments that make up at least 10% of your retirement portfolio to reduce risk.
Investors Seek a Safe Haven in Gold and Silver
Investing in gold and silver is an effective way to prepare for future economic uncertainty. Precious metals have stood the test of time, providing stability when other investments are volatile or fail entirely. The gold and silver markets tend to retain their value during a recession, and even amid rising inflation.
Gold and silver have traditionally been a hedge against an uncertain economic environment - their worth increases as financial turmoil persists, allowing investors to protect their portfolios from extreme losses during a recession. Holding gold and silver as part of your portfolio is a smart move to insure against market instability.
This year is the 37th year that the American Eagle coin series has been available from the US Mint. These coins have been minted annually since 1986. The 2023 1 oz Gold American Eagle is the premier bullion coin from the US Mint and it has been minted for 37 years.
The American Gold Eagle series is also available in three standard fractional sizes that include 1/2 oz gold eagle, 1/4 oz Gold Eagle and the 1/10 oz Gold Eagle. Fractional gold coins are also a popular item that is often included in preps in the event of a barter situation.
The Krugerrand is the original bullion coin that was created in 1967 by the South African government as a way to encourage investment in government-backed gold bullion. For 2023, the Krugerrand series is issued in both silver and gold 1 oz coins. The iconic design of these coins has remained the same for more than 50 years. The Krugerrand gold coin is also available in fractional sizes of 1/10 oz, 1/4 oz and 1/2 oz.
There are numerous additional countries that issue coins that are denominated in their local currency. Most of these qualify for inclusion in a precious metals IRA. Premiums on 2023 government bullion coins vary considerably based on supply and demand. Precious metals are a commodity and dealer markups can fluctuate radically.
Protect Your Portfolio
If you are looking for a safe investment that will hold its value even in times of high inflation, precious metals may be the answer for you. Check out our FREE eBook to learn more about using precious metals as a hedge against inflation. Our team at GMRgold can help you get started with your investments and provide guidance along the way.
GMRgold was created to serve as a safe and stable diversification partner when buying, selling, and trading gold, silver, platinum, and palladium. Let us advise you on new products, portfolio diversification, IRA and 401(k) options, valuation of your collection, and other matters related to the precious metals market. Call us today at 877-795-9585 or fill out our online contact form to learn more about our solid solutions using precious metals to diversify your portfolio.