Should 2015 Be The Year You Invest in Precious Metals? Experts Think So…

Posted on February 2, 2015 @ 8:02 PM EST

After that dreaded recession and talk about the weakening global economy, you’ve probably heard a lot about precious metals. It seems everyone is buzzing about the need to find their own stacks of gold and silver. However, the great catalyst – an apocalyptic event of some nature where the stocks crash – hasn’t happened yet. So if paper bills still have value, should you even bother to invest in high value metals this year, or in the years to come?

Industry experts believe that this is the year to start investing in precious metals. Some of you may read this and say something to extent of, “blah, blah, blah, we’ve heard this before”, but there’s overwhelming evidence surrounding the importance of making such investments. And as time passes on, opportunities to seek and obtain precious metals may diminish, especially if industry predictions come true. With that said, it’s worth taking a look at what market gurus have to say.

New Year, New Game

So we’re not all privileged to see what’s happening behind the scenes. It seems that there are a select few who have their hands on what’s taking place in the economy (it is the reality), passing tidbits of info from time to time. However, some of these folks have been generous enough to open the door a little wider for the world to see what’s really occurring. And these events are the reasons why you are encouraged to take precious metals seriously.

Three Game Changers to Watch Out For:

  • Global Conflicts Will Increase in Magnitude Events like the Ukrainian revolution can have an effect on the precious metal market2014 was a year plagued with conflict and civil wars. Terrorism, whether it’s individual, or from groups like ISIS or Boko Haram, the ongoing conflict in Iraq, the Israeli-Palestinian conflicts, as well as wars in Syria, and on the Ukraine-Russia border have put the world on edge. Although media coverage for some of these events has “cooled off”, they’re still active, and they have the potential to trigger economic difficulties in the long run. This stands as one of the reasons as to why it’s wise to invest in precious metals.
  • Devaluation of the Dollar Don’t put all your trust in printed currency. It can lose it’s value, fast.This is a huge concern in the U.S., and you don’t have to look any further than the country’s staggering $17.6 trillion deficit. And we’re not debt free here in Canada either. In 2014, all levels of Canadian government reached a frightening total of $4.1 trillion. These figures should serve as a reminder to you that paper currency isn’t tangible, and it can lose it’s value very fast. Precious metals can lose value as well, but are unlikely to plummet to the extent that printed money does.
  • The Stock Market is Volatile – Has there ever been a time when the stock market was stable or predictable? We’re not in the clear from the recession that took place a few years ago, and investor interest in momentum stocks has started to decline in many instances. Now there’s no guarantee that precious metals will lead to prosperity in the face of a weakened stock market, but you can trust in them much more than you can in paper currency.

Remember, trends are rooted in speculation. Economists, much like meteorologists rely on subtle (and sometimes overt) signs to determine the how the financial landscape will take shape. They are off at times, but their predictions come true in many cases. Therefore, it doesn’t hurt to develop a portfolio that consists of precious metal investments.

The Ball is in Your Court

Ultimately, the decision to invest in precious metals is up to you. If you choose not to make this investment, be honest with yourself about your finances, and how confident you feel regarding the future of your personal wealth. A closer look at your economic standing may reveal some surprising truths about where you stand. If you decide it’s time to invest in precious metals, it’s important for you to learn how you can go about doing so. After all, going about it the wrong way can set you back if you don’t have sound guidance.

How to Make an Investment:

  • Speak to Financial ExpertsSpeaking to your financial advisor can help you invest wiselyDon’t assume you need to strike up a dinner conversation with some rich stock broker to find help. Speaking to your financial advisor can reveal plenty of insight when you’re looking to invest in precious metals. Besides yourself, they’re the ones who know your finances best, and their expertise to help you make wise choices.
  • Learn about Individual Precious Metals – Typically, most people get familiar with “cash for gold and silver” options, and thus, formulate the thinking that these are the only two metals they should invest in. However, there are other metals, such as platinum, which have even more value. Beware too, that the value of these metals can fluctuate depending on supply and demand, making some better investments than others at different times. The lesson here is to keep your options open, by considering the value of various metals.
  • Determine What Form You Want Them In – There’s also the issue of form. It’s common for people to think in terms of bullion bars or coins alone. These are great ways to invest in precious metals, especially since they are physical. However, you can also obtain precious metals in other forms too, such as futures and options, and also certificates.

A Financial Lifeline

It’s easy to get lost in the chatter of financial speculation. A report on BNN might say one thing, while the business section in a newspaper might say something different. Going back to weather analogies, it’s wise to look at the issue like this: bring an umbrella just in case! On those “iffy” days when the forecast says it will rain, but you see no rain clouds in sight, wouldn’t it be wise to prepare anyway?

Investing in precious metals now may not seem to reap immediate benefits, but it may pay off in the future. Remember, many of the factors that make these investments worthwhile are events that may intensify over the years to come. So don’t let 2015 go by without at least considering an investment in gold, silver, platinum, or any other precious metal for that matter.

Do you want to learn more about precious metal refinement? Get in touch with us so we can explain our process!