Investing in precious metals isn’t a cakewalk, that much can be sure. It can be especially complicated for beginners, which is why it’s wise to arm yourself with all the information possible before getting in the game. But you can’t wait forever, so to help you overcome the initial hurdle of investing in precious metals, here are several tips from Resource Investor:
1. Get the best price and educate yourself on fees – When investing in any commodity, purchase prices and fees vary from company to company. Compare at least three options.
2. Consider an ETF – ETFs come with a lower expense ratio on average than actively traded funds, giving you additional savings on that front. This is a great way to get into the precious metals game while leaving the legwork to the experts.
3. There is risk involved – Both gold and silver prices have gone up over the long-run, but there have also been dramatic drops. No matter what you might read or hear, risk is always involved.
Get the other three tips by visiting resourceinvestor.com