Does it make sense to include silver and gold in my investment portfolio?
This is a great question that most people do not ask enough. Cryptocurrencies have been rising rapidly and while the rise has been incredible, does it make sense to invest in physical gold and silver? In my opinion the answer is absolutely! Would I or any professional investment advisor ever tell you to go “all in”? No. It always depends on your risk tolerance, your understanding of the precious metal market and the reason why you hold precious metals. The way I think about holding both gold and silver is like having insurance, except you can actually hold the metal in your possession unlike other investments. Precious metals serve as insurance against a global financial crisis and economic downturn as they are real assets and will always have value. My recommendation and other precious metal advocates is to hold at least 5-10% of precious metals in your portfolio in physical form, I like 1oz bullion coins. What are bullion coins? Coins that are .999 silver content, they are issued by government and other mints around the world.
Here are some examples of 1 oz bullion coins (real money), American Eagle, Canadian Maple Leaf, Mexican Libertad, Philharmonic, Chinese Panda, Perth Mint Tiger, Australian Kangaroo, Silver Shield round, SS Freedom Girl round, SS Bull round, SS Abundance proof round, Silver Nike round & Gold American Eagle
Where can I purchase coins? I've used many online dealers as well as local coin shops. Here are some that I've had great experiences with and continue to use.
www.sdbullion.com
www.goldenstatemint.com
www.apmex.com
What are some of your favorite coins? I hope this helps some of you who are interested in protecting your portfolio by adding some precious metals to it. Comment below.