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Buy gold or silver for investment

Please forward this error screen to 198. 47 0 0 0 13 buy gold or silver for investment. Q: I’m looking for information on adding gold and silver to my investments. What are the advantages and disadvantages of buying coins?

What about gold and silver stocks or mutual funds? Joe Franklin, a certified financial planner and president of Franklin Wealth Management in Hixson, Tenn. The trouble with coins, he says, is that dealers charge a premium. And the price you pay isn’t based purely on the value of the underlying gold, silver or platinum. There are other factors at play, such as historical value or the costs associated with minting commemorative pieces.

If do buy coins, you can start by searching the U. Mint’s site for an authorized purchaser in your region, then do additional research to make sure that the outfit is reputable. This is an area rife with scams. Another consideration with owning the actual metal is storage: If you pay a third-party to hold the coins for you, there are additional fees. If you store it in a safe at home, there are additional risks. The fees and logistics of owning coins are only part of the problem, says Franklin. It doesn’t pay interest or dividends, and while it can go up in value it tends to be a fear trade.

But you’re still going to see dramatic swings. For that reason, Franklin’s preferred strategy is a diversified natural resource mutual fund, which has the flexibility to invest in precious metals — namely via shares of mining companies, some of which pay dividends — energy concerns, and other commodities. While he isn’t a proponent of market timing, Franklin warns that commodities tend to go through long periods of over- and under performance. Money may receive compensation for some links to products and services on this website. Offers may be subject to change without notice. Quotes delayed at least 15 minutes. Market data provided by Interactive Data.

ETF and Mutual Fund data provided by Morningstar, Inc. P Index data is the property of Chicago Mercantile Exchange Inc. Powered and implemented by Interactive Data Managed Solutions. Jim Rogers is easily one of the most famous investors of all time. His astounding track record has led him to become one of the most successful traders ever, earning deep respect throughout the financial world.

Better yet, Rogers is not the least bit shy about speaking his mind, whether he is right or wrong. Rogers also urges that silver’s volatility may make it the perfect option come fall when it is widely expected that the Fed will be announcing yet another quantitative easing program that could create a mad rush into silver. Of course, that is not to say that it will not be a bumpy road along the way. Ways to Play For those looking to ride the coat tails of one of the world’s most successful investors, we outline several  ways to play the metal .

5 billion in assets and is an investor favorite, trading more than 7. This fund will allow for investors to use options to make appropriate bets. A fund that dedicates its assets to firms who mine the actual metal. This is a good option for those looking to single out a particular firm. Futures: Of course, you can always utilize the wide variety of futures contracts listed on the COMEX, LME, MCX, and more.

Disclosure: No positions at time of writing. Include your email if you would like a response. Did Gold really go down 1. Where is Gold Headed Next Week?

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