TYPES OF PRECIOUS METALS
Gold, Silver, Platinum, and Palladium
Each of these metals offers its unique benefits, making them appealing to investors with different goals and preferences.
Gold
Gold has been a symbol of wealth throughout history and is used in a variety of industries. It’s also resistant to corrosion and conductive of electricity, making it a practical choice for many industrial applications. Gold is considered an excellent long-term investment, both in an IRA and for physical possession. With the U.S. dollar losing its position in the global economy, gold can offer benefits that other investments cannot.
Silver
Silver has been used as a coinage metal since ancient times, and it’s known for its high electrical conductivity, thermal conductivity, and reflectivity. The dual demand for silver as both a collectible and an industrial metal makes it a desirable product for investors. Silver is also a relatively affordable precious metal, making it an accessible option for those with smaller budgets.
Platinum and Palladium
Platinum and palladium are rare precious metals with excellent catalytic properties, making them heavily used in industrial processes. Both metals are also used in the manufacturing of jewelry and other items. While platinum is often more expensive than gold, it’s also denser and has a higher melting point. Palladium, on the other hand, is less dense and has a lower melting point than platinum, making it more affordable. These factors make platinum and palladium attractive options for investors looking to diversify their portfolios beyond gold and silver.
BULLION, NUMISMATIC & SEMI-NUMISMATIC
There are three main types of precious metals to choose from: bullion, numismatic, and semi-numismatic, each with their own distinct advantages depending on individual investment goals. It’s important to understand the key differences between them to make informed investment decisions.
Bullion
Coins and bars made from gold, silver, platinum, and palladium are known as bullion. They are typically produced in weights that are less than one troy ounce to cater to different budget levels.
Bullion products are more affordable due to their lower premium compared to the spot price of the underlying precious metal. They are also produced in larger quantities than numismatic or semi-numismatic coins, contributing to their consistent availability and lower prices.
Numastic
Numismatic coins refer to coins that were minted prior to 1933, and they hold value not only due to the precious metals they contain but also because of their rarity, historical significance, and aesthetic appeal.
Numismatic coins derive their value from factors such as age, condition, rarity, and historical significance, in addition to their precious metal content. They are highly valued by collectors and can carry the highest premiums of all coins.
Semi-Numastic
Semi-numismatic coins, on the other hand, have limited mintages and possess both bullion and numismatic characteristics. They are attractive to collectors due to their unique design features and overall popularity, while still carrying a reasonable premium during their production run.
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