Investing in Precious Metals for the Financially Challenged

 Are you looking to invest your money, but you are unsure of the financial industry during these troubled times? You are not alone; many people are turning to precious metals. There are two main ways the average person can invest in metals; hire a stockbroker and purchase shares in the desired metal or buy the actual physical metal. Stocks are easier to sell when the time comes, so they tend to be the preferred route of investment. Personally, I prefer to buy the actual precious metal. The United States Mint produces precious metal bullion coins which are different than the regular plated coins. The following description is from the Mint's website:

• A bullion coin is an investment-grade coin that is valued by its weight and fineness of a specific precious metal. Unlike commemorative or numismatic coins valued by limited mintage, rarity, condition, and age, bullion coins are purchased by investors seeking a simple and tangible means to own and invest in the gold, silver, platinum, and palladium markets.
• American Eagle Gold Bullion Coins are available in four sizes: one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce. American Eagle Silver, Platinum, Palladium, and American Buffalo Gold Bullion Coins are available in the one-ounce size.

If gold is trading at $1,900.00 per ounce, then a 1 oz. gold bullion coin will cost $1,900.00 (plus taxes and delivery fees.) The worth of the coin will increase or decrease with the value of the metal. If you cannot afford to purchase 1 oz. of gold, there is not any need to worry. You could invest in one of the other precious metals, such as silver. As of the date of this posting, silver is trading at $27.40 per ounce. What if your heart is truly set on purchasing gold? All is not lost. Gold is now being sold in quantities as small as 1/4 grain. Currently, the price for 1/4 grain of gold is approximately $35.00. The extremely small size of this gold can be seen in the photo below.

Although the United States Mint produces the bullion coins, you cannot purchase them from the Mint; however, the Mint can direct you to an authorized reseller. Bullion bars can be purchased from precious metal dealers, but make sure you are buying from a reputable dealer. The following 1 oz. silver bar can be purchased for $30.00 (today.)

If you enjoyed this post, stay tuned. I will be writing more about investments, including where you can purchase the above-mentioned treasures.