Table of Contents
- How to Invest in Precious Metals
- Precious Metals Depository Storage
- Why Should You Include Gold & Silver in Your Savings & Retirement?
- The Stock Markets Best Days Have Passed
- How Can Gold & Silver Help?
- Gold & Silver Offer a Greater Upside Than Equities
- The Rise and Fall of the U.S. Dollar
- Gold/Silver Stocks, ETFs, or Physical Gold & Silver?
- Types of Precious Metals Products
- Frequently Asked Questions
- Glossary of Terms
- Choosing the Right Precious Metals Company
Gold, silver, platinum, and palladium are all types of precious metals. All of these metals are available to be purchased for delivery or placed in a Precious Metals IRA. Each of these metals has its benefits. Here is a breakdown of each of these metals.
Gold has been a highly sought-after symbol of wealth since the beginning of recorded history, often used in jewelry, art, coinage, and many other applications. Because it is malleable, resistant to corrosion, and conductive of electricity, gold also has practical uses in numerous industries.
Gold is considered an excellent long-term investment, both in an IRA as well as for physical possession. With the U.S. dollar losing its place in the global economy, gold can offer benefits that other investments cannot.
Silver is possibly the oldest mass-produced form of coinage. Silver has been used as a coinage metal since the times of the Greeks. Silver is a soft, white, lustrous transition metal. It exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. Because of its value in terms of collectability and its many uses as an industrial metal, the dual demand for silver makes silver a very desirable product.
Platinum and Palladium
Platinum and palladium are rare precious metals used in many of the same ways as gold and silver. Platinum and palladium are both known for their excellent catalytic properties and are used heavily for industrial processes, as well as the manufacturing of jewelry and numerous other items.
Bullion, Numismatic & Semi-Numismatic – What’s the difference?
When investing in precious metals, you have three primary types to choose from: bullion, numismatic, and semi-numismatic. There are unique benefits to all three types, depending on your goals, but there are some fundamental differences between them:
Bullion coins and bars are usually made from gold and silver and may also be available in platinum and palladium. They are generally minted in weights that are fractions of one troy ounce to fit a variety of budgets.
Bullion products command the lowest premium in the marketplace as compared to the spot price of the underlying precious metal. Bullion coins will very rarely ever have a value that is much greater than the current spot price of the metal from which they are struck. Bullion products are also produced in much higher quantities when compared to either Numismatic or Semi-Numismatic coins. Their abundance and consistent availability in the market also contribute to the lower prices associated with bullion products.
Numismatic coins are those minted prior to 1933. Numismatic coins have a value beyond the materials they are made from. This numismatic or collectible value may be due to a coin’s age, condition, rarity, design, historical significance, or most often a combination of these factors. Numismatic coins will usually receive a condition ‘grade’ from a professional coin grading service. However, just like a bullion coin, numismatic coins are also valued for the content of their precious metal. Numismatic coins carry the highest premiums of all coins. Because their value does not solely rely on their metal content, many investors are attracted to the opportunity to have more than one factor determining the value of their coins.
Semi-numismatic coins are coins that share both bullion and numismatic traits. Generally, they are bullion coins that have a limited mintage (total number produced) and are attractive to collectors due to their design, special features, form factor, or overall series popularity.
During its production run at the mint, a semi-numismatic coin can be purchased at a reasonable premium over the spot price of the metal. It might be slightly higher than a pure bullion coin, but not by too much. However, once the production run is over and the mint sells out of inventory, the premium over spot bumps up. As the inventory at dealers dwindles, the premium rises more.
Many investors and collectors believe that a semi-numismatic coin is the best of both worlds. It provides all the benefits of owning gold or silver bullion while giving the upside of investment appreciation independent of the metals spot price.
American Gold Eagle coins, American Gold Eagle Proof coins, Canadian Gold Maple Leaf coins, Canadian Wildlife Series Coins, Austrian Philharmonic coins, Australian Kangaroo/Nugget coins, Chinese Gold Panda coins, American Gold Buffalo coins Gold Bars of various sizes
American Silver Eagle coins, American Silver Eagle Proof coins, Canadian Silver Maple Leaf coins, Canadian Wildlife Series Coins, Austrian Silver Philharmonic coins, Australian Silver Kookaburra coins, Chinese Silver Panda coins, Mexican Libertad coins, Silver Bars of various sizes
American Platinum Eagle coins, American Platinum Eagle Proof coins, Canadian Platinum Maple Leaf coin, Isle of Man Noble coin, Australian Platinum Koala coin, Platinum bars
American Palladium Eagles, Pamp Suisse Palladium Bars, Credit Suisse Palladium Bars, Canadian Palladium Maple Leaf Coins, Russian Ballerina Coins