Tips from Our Experts on Buying Gold and Silver
If you truly want a balanced and diversified portfolio you must have gold and silver bullion in it - regardless of what your [use fingers quotes here] financial advisor tells you. Diversification with gold and silver coins and bars acts to balance your portfolio protecting you from the volatility of the markets.
The first question you should ask yourself is - how much liquidity is desired in your portfolio? How liquid do you want your portfolio to be?
If you’re the type of investor doing things for the long term with no thought of cashing in any of your investments then look strictly at weight in gold bullion versus a heavy silver investment. On the other hand, if you want to be able to cash in your investment fast then your investment would more likely need to be geared heavily in favor of silver.
Unlike paper currency, both gold and silver are sellable in virtually any country in the world. Whereas the US Dollar or other paper currency may be refused, it is unlikely that gold or silver eagles would be refused by any bank or dealer around the globe.
So what about ratios if I want a little of both? Our experts use an old fishing term to guide many clients - the 80/20 rule - if you fish you’ll know exactly what we are talking about. If you don’t fish, the above simply means we suggest an 80/20 split - 80% gold bullion and 20% silver. This allows flexibility and diversification at the same time.
Buying gold and silver is an attractive way of saving and can provide a life line when it comes to providing for one’s future while at the same time offering quick access to some cash when needed.
As an old friend told us one time, “take care of your money and your money will take care of you.”
Call or email us today if we can help you with your goals. We stand ready to serve you.