✓ Set aside no more than 10% to 15% of your entire investment portfolio capital for investing in precious metals.
✓ Owning a little of several different types of precious metals is a smart diversification practice.
✓ Consider starting with a small purchase if you are new to investing in precious
metals. This will keep your nerves calm and your wallet full while you are getting
your feet wet.
✓ It is a good idea to make a purchase through an online dealer as well as a local dealer in your area. You can see which experience works the best for you, since both online and brick-and-mortar precious metal investing have pros and cons.
✓ Steer clear from investing in junk metal. The prices on these metals can be very attractive compared to metals with .999 fine purity. However, they are called junk metals for a reason.
✓ You may find vastly different prices for the same coin, round, bar or ingot,
depending on where you shop. This is why it pays to contact several dealers before you make a purchase.
✓ You can keep your investment safe by storing your precious metals in a
depository or safety deposit box. High levels of security in return for a small
monthly fee make sense, especially if you accrue a sizable investment.
✓ You should constantly monitor spot prices, so you can ensure you get best price on a purchase.
✓ You don't have to be wealthy to invest in precious metals. From 2015 to 2018, a single Troy ounce of fine silver showed a spot price range of just $13 to $20.
✓ What a lot of people don’t know is you can play the precious metals market for a short or long-term investment without taking possession of any physical metal.