However, beyond the physical collection, there are other ways to focus upon the world of precious metals. This article provides a brief overview of some of the alternative methods of ownership.
For those of you who are not familiar with trading stocks, ETF is short for Exchange Traded Fund. ETF’s are traded on major stock exchanges like Nasdaq and The New York Stock Exchange. ETF’s are traded the same as stocks, but are less risky because they are a collection of stocks and bonds rather than owning equity of an individual stock. Above all, ETF’s require less work and brainpower because they are a collection of stocks in a particular field or industry. Instead of handpicking individual stocks, you have the privilege of having multiple stocks in one congregated fund.
Some popular ETF’s in the precious metal industry are GLD, IAU, SGOL, GLDM and many more. Some of these funds focus exclusively in gold rather than precious metals as a whole, so there is more risk associated with these types of ETF’s.
As the demand for precious metals rises, who better to focus upon than the businesses that are mining metals from the earth’s crust? Considering how valuable these metals are, there will always be a demand for precious metals. Metals are used in practically all electronics, medical devices, aerospace technology, the automotive industry and more. This type of interest is ideal because mining companies are instrumental in extracting metals that are crucial to our existence.
One of the most popular ways to increase your portfolio with precious metals is buy physically owning them. Purchasing gold, platinum, palladium or silver bullion is the best method of buying physical assets in this industry. Unlike jewelry or unique coins, bullion may be used for trading. Purchasing bullion is perhaps one of the easiest portfolio transactions in the precious metals industry.
If you’re looking to purchase physical assets like palladium, silver, platinum and gold look no further than Boston Bullion. As premier Boston coin dealers, we will make the process as easy as possible for you. From providing the information you need to successfully build your portfolio, to locating the precious metals you seek, we can help. Give us a call at (781) 710-8419 to learn more!