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Precious metals have become a common form of investment for many individuals who see them as a hedge against the instability of the global economy. But with so many companies offering access to gold and other precious metals, it can be difficult to decide which company is best for you.
Why Should You Invest in Precious Metals?
Precious metals are generally considered the highest intrinsic value because, unlike other metals, their price does not fluctuate based on supply and demand. This is why many experts recommend holding a portion of assets in precious metals for investment purposes and as a hedge against inflation. However, when you choose a company to buy from, it's important to consider more than just price and availability.
Generally speaking, gold is considered the safest purchase because of its long history as a store of value. Gold has been used as money throughout human history, and its inherent properties have made it ideal for investment purposes. For example, gold is rare and can be divided into small portions, making it ideal for long-term savings.
Because gold has no inherent value other than its use as an investment, its price is not influenced by supply and demand in the marketplace. This makes it less likely to lose value due to economic conditions. However, other precious metals, such as platinum, have similar properties, making them attractive investments.
Purchasing precious physical metals involves many considerations that are not present when purchasing other investments. These factors include the storage and security of your precious metals.
The first step to investing in gold or other precious metals is to decide which storage method is best for you. Those with a high net worth may choose to invest in a combination of methods depending on their needs. The most common ways to buy and store precious metals are:
Clients can invest in physical metal and take delivery at any time, or they can buy futures, which allow them to speculate on the price of gold without having the physical product. Each option has its advantages and disadvantages.
Physical metals come in the form of bars and coins, which are suitable for storing large amounts of gold or silver. These physical metals can be purchased either as fractional holdings or full ounces. The advantages of investing in physical metal include that you can verify the condition and authenticity of the gold immediately and physically inspect it whenever desired. You also have access to your gold once it arrives at your location.
Fractional gold bars and coins are not for individuals with a large amount of money to invest. The disadvantage is that the value of gold is tied to the price of the dollar, so if you buy gold in dollars, it becomes less valuable over time.
However, fractional holdings in gold have their advantages as well. You can buy a fraction of an ounce and see how prices react over time, making it a good way to test the market and learn about the market value at all times.
When investing in precious metals, the most important factor is that your wealth will increase or decrease depending on inflation or deflation. This means prices change based on supply and demand rather than the medium.
Choosing your investment company is crucial and will define the rest of your investment strategy. The best companies will offer you several benefits that are unique to their services. This article recommends the top three best precious metals companies you should invest in.
Top 3 Best Precious Metals Companies
Goldco is our top pick of the best precious metal investment companies because it offers a wide selection of fractional and full-ounce products. Its superior security and storage solutions make it a safe choice for those looking for a long-term or institutional investment in gold.
The company offers educational articles that help investors understand the precious metals industry and ways to invest in their future. Goldco is one of the best companies to invest in because it offers full-ounce products ideal for investing large amounts of capital. Other companies offer fractional holdings, which can be useful for short-term speculation and long-term investments, but Goldco offers a much more comprehensive service.
Another reason to choose this company is that they are very transparent in their pricing, and there are no hidden fees or costs associated with your investment. You can access your gold 24 hours a day and withdraw your investment whenever you wish.
You have an opportunity to take advantage of their increased buy-back guarantee. This company will purchase any amount of precious metals you hold at the current market rate, so it is beneficial to invest here if you want to sell some of your holdings in the future.
Customer service is available 24 hours daily, making it easy if you need assistance with any aspect of your account. You can also visit their website for full details about their products or browse the blog for detailed information about the precious metals market or news from around the world.
Goldco has a well-established reputation in the precious metals industry and has been around for many years. This company is an investment that can be worth the money you put into it over the long term because its profitable products will give you a decent return on your investment.
Pros & Cons of Goldco
If you invest in precious metals, you should invest in a company specializing in the precious metals industry. Goldco is a reputable, experienced company that offers a variety of precious metals products. Its prices are transparent, and no hidden costs are associated with your purchase.
Augusta Precious Metals is another company we recommend because it offers a variety of gold and silver products that are suitable for short- and long-term investments. Augusta Precious Metals is a newer company with a reputation for customer satisfaction, making it an ideal choice for those who want to invest in the precious metals market.
This is the best place to start if you want to purchase fractional holdings of silver or gold bullion. Its extensive selection of bullion coins and bars can be purchased in as little as one-dollar increments. There are no hidden fees associated with your purchase, and you also have access to an online account where you can see your investment at a glance.
The company has a rating of 4.6 out of 5 stars on Google and Trustpilot, which is a testament to the quality of its products. There are no hidden costs associated with your purchase, and you will not find any transfer, storage fees, or other fees associated with this investment.
Pros & Cons of Augusta Precious Metals
If you are looking for a place to start investing in precious metals, you must choose a reputable, experienced company. Augusta Precious Metals is an ideal choice if you want to invest in gold and silver bullion because it has an extensive selection of coins and bars that can be purchased in small increments. The fact that this company offers fractional penny products makes it easy for those just starting to dip their toes into the investment world of precious metals.
American Hartford Gold is another company that has been in business for several years and has a solid reputation for customer satisfaction. This company is a great choice for those who want to invest in the precious metals market because it is easy to start. The fact that this company sells gold, silver, and other precious metals in smaller increments makes it easier to invest with them than with some of its competitors.
The price you pay for your investment is transparent, which means you have access to all the information you need to determine if the price offered by this company will be profitable over time.
American Hartford Gold has many products, including gold coins, bars, rounds, and ingots, which can be purchased at various price points. No hidden fees are associated with your purchase, and the company ships your precious metals directly to your home.
The company ratings are 4.6 out of 5 stars on Google and Trustpilot, which indicates customer satisfaction. There are no fees associated with this investment, and you will not find any transfer or storage fees or any additional hidden costs associated with this purchase.
Storage is one of the most complex aspects of investing in precious metals, but this company makes it easy. Your investment will be stored in a secure, insured location regularly inspected by the U.S. Mint and the American Numismatic Association. No transfer or storage fees are associated with your purchase, and your investment is fully insured against any damage or loss.
Pros & Cons of American Hartford Gold
Buying precious metals can be smart for those who want to hedge against inflation, which is why investing in a company that only sells bullion is important. American Hartford Gold has lower shipping costs than its competitors, which means you can purchase large amounts of gold without worrying about how much it will cost to ship. This company makes investing in precious metals simple because you can open an account and purchase gold within minutes.
How will I store my precious metals?
Custodians offer a convenience plan where customers can store their precious metals in their homes or choose to store them with the company, which is what many customers do. Many people choose to store their investments at the company because they appreciate the convenience of owning precious metals. Still, they don't have to worry about storage costs.
Can I transfer my precious metals from another place?
The company provides an option for members who want to transfer their precious metals from another place, but it is not an option for those who purchase bullion coins and bars. If you want to purchase precious metals from other suppliers, you will have to sell them on the open market, which can be time-consuming.
What is the process for selling my precious metals?
You can sell your gold coins and bars anytime by contacting the company through its website. You can request a quote or arrange an appointment to sell your investment anytime. When you choose to sell your precious metals, they will send your payment within 24 hours of receiving them in their office.
You should know that melting and resale values are lower than original purchase prices when selling precious metals because they are commodities.