Why Should I Invest in Precious Metals?

Most investors are not used to receiving something tangible when making an investment.  We are used to the traditional way of investing, where we send our money off to a broker and we receive a paper statement that tells us how our investments are performing. This is one of the main reasons investors buy physical gold in order to diversify their portfolios into a tangible asset. If you live in West Palm Beach and are looking to purchase gold coins, it is important you select a reputable dealer. If you are thinking about purchasing gold coins, below are some of the benefits you need to consider.

Three Reasons to Own Precious Metals

True Diversification

Physical precious metals offer true diversification, solid protection, and excellent profit potential for any portfolio. When you have precious metals within your portfolio, you are hedging your wealth with a time tested physical asset. Endeavor Metals Group believes it would be an oversight to rely solely on paper-based assets to gain true diversification.

Liquidity

Aside from being an excellent store of value, gold and silver are considered a liquid asset. It can readily be converted into cash or goods when needed because it is globally recognized.

Purchasing Power Protection

In the 1920s, an ounce of gold, worth $20, could easily purchase a high-end tailor-made suit. Today, that one ounce of gold still buys a high-end tailor-made suit. The U.S. twenty-dollar bill,however, will not even cover the cost of a nice tie. Precious metals purchasing power and wealth preservation have a proven track record, even prior to the beginning of our modern financial system.

How to Shop for Gold Coins in West Palm Beach

If you choose to purchase gold coins, you will need a reliable and trustworthy financial institution or dealer. You should avoid buying gold coins on Craigslist or other online portals with no expertise in gold and other metal investments. Since you don’t want to buy and collect gold-plated coins, it is likewise essential that you have someone who can verify its authenticity.Endeavor Metals Group LLC is a leader in the precious metals sector, specializing in gold, silver, platinum, and palladium. To guarantee that you purchase only authentic gold coins, contact Endeavor Metals Group today.