If your portfolio has been taking some hits lately – and who’s hasn’t? – it may be time to look into the wide world of precious metals investments. Historically, in times of significant market upheaval, precious metals have held their value, or even grown significantly. This makes them an attractive option for those who are looking for invest opportunities at a real point of upheaval in the market.
A Rainbow of Metals
One of the first things to keep in mind about precious metals investments is that, as the phrase suggests, it’s about more than just investing in gold. For too long, the image of metals investment has been monopolized by the image of someone hoarding gold coins, but this is only a small part of the equation. Those who are truly looking to diversify their portfolio with precious metals need to recognize that the commodity itself is a diverse one, and that investments into other metals such as silver, platinum, and palladium, are all worth your time and attention as an investor.
Financial Instruments to Plan for Your Future
Another important aspect of precious metals investments that all too often goes overlooked is that it’s not just about keeping coins hoarded in a storage locker or at one’s home. Today’s metal investments are more sophisticated, and most licensed and experienced vendors will offer a diverse array of investment instruments. For instance, one of the most important of these is the option to invest in metals like gold via an IRS-approved IRA account. These tend to work just like traditional IRAs, but are backed by the stability of gold, rather than fluctuating index funds.