Precious Metal Investing – A historical perspective
Gold is the universal symbol of wealth. For eons civilizations throughout the ages in ancient cultures created gold jewelry and early forms of money were minted from gold, silver, copper, and precious stones. Even after thousands of years – the fascination with gold,silver and precious stones remains. It seems to be as strong as ever.
Precious Metal IRA’s – A trend to safety and a haven of security
Investing in precious metals including platinum, silver (an unknown winner) and especially in GOLD has been attracting a good deal of interest. In any case you have probably heard the advertising with messages like “gold will never be worth nothing” The precious metals has, according to the ads, retained purchasing power regardless of economic conditions. The silver, gold, and precious metal folks would have you believe that at some point in the future, your money won’t be worth the paper it’s printed on. Based on what has happened to the world economies over the past couple of years, their argument is gaining credibility and popularity in many investment circles.
Types of Metals Investing for Purchasing Power Retention
Gold, Silver and Platinum are popular metals and attracts much press, but GOLD isn’t the only metal out there to invest in. The three other major investment metals are platinum, palladium and silver. Rising prices over the past several years with increased demand has been quite a phenomenon around the world. While generally people associate precious metals with coins, jewelry etc… these metals have industrial use. With China and India as significant players in world markets this has contributed to the higher demand for industrial purposes.
Gold a critical element in the hi tech industry as an integral part of many cell phones, smart phones, tablets, and camera components. It’s an excellent electrical conductor, corrosion-resistant, chemically stable and a superior heat shield.
Platinum is found in medical device equipment, computers and auto parts. Softer than platinum, palladium is a key element in green technologies for autos including catalytic converters due to its ability to withstand oxidation and high temperatures. Highly conductive it is sometimes used instead of gold in electronics. Palladium has a many other applications including green technologies including raw material processing, water purification, energy fuel cells, and the refining oil and natural gas.
Overall purchasing precious metals is always a safe investment because it is the purchase of a natural resource that is being made and its uses are diverse and numerous and involved in many areas of human endevour, thus you can be assured that purchase of a GOLD IRA, SILVER IRA with Numis Financial is a safe, sure and smart investment.