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deucher
deucherActive Contributor
Asked: April 20, 2024In:

I don’t know what other investors of the same level who don’t have a lot of funds and not a lot of knowledge think about it. However, I do not consider these metals as an asset for profit because I ...Read more

I don’t know what other investors of the same level who don’t have a lot of funds and not a lot of knowledge think about it. However, I do not consider these metals as an asset for profit because I understand that their profitability is not high and this asset has always been an asset to save funds from inflation. I plan to buy such metals, however, not from a broker, but in physical form, because this way I will try to save some sums from inflation for many years to come

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    My take; Yes, metals can be considered an asset for profit, depending on the type and investment strategy. Precious metals like gold, silver, and platinum often increase in value over time and can protect against inflation. While they may not always give quick or high returns, they are reliable forRead more

    My take;

    Yes, metals can be considered an asset for profit, depending on the type and investment strategy. Precious metals like gold, silver, and platinum often increase in value over time and can protect against inflation. While they may not always give quick or high returns, they are reliable for long-term wealth preservation. Buying physical metals can also provide security and control over your investment.

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yusra
yusraTrusted Adviser
Asked: September 7, 2023In:

What are the potential benefits of holding physical gold, silver, platinum or palladium in an IRA versus other assets, and how does a self-directed precious metals IRA allow someone to diversify their retirement investments outside of traditional stocks and bonds?

What are the potential benefits of holding physical gold, silver, platinum or palladium in an IRA versus other assets, and how does a self-directed precious metals IRA allow someone to diversify their retirement investments outside of traditional stocks and bonds?

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  1. Emmyty
    Emmyty Trusted Adviser Entrepreneur

    Opening a precious metals IRA can offer several advantages. Firstly, precious metals like gold and silver have proven to be a stable and safe investment option over time, acting as a hedge against inflation and economic downturns. Secondly, it allows you to diversify your portfolio beyond traditionaRead more

    Opening a precious metals IRA can offer several advantages. Firstly, precious metals like gold and silver have proven to be a stable and safe investment option over time, acting as a hedge against inflation and economic downturns. Secondly, it allows you to diversify your portfolio beyond traditional assets such as stocks and bonds, reducing overall risk. Thirdly, a precious metals IRA offers potential tax benefits, allowing you to defer taxes on your investment gains until you start withdrawing funds. Lastly, owning physical precious metals in your IRA provides a tangible form of wealth that can be easily liquidated if needed.

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