There’s creating a precious metals portfolio—and then there’s creating a purposeful precious metals portfolio. If you’re interested in making investment gains, don’t just buy gold and silver and hope for the best. Rather, figure out a strategy for making profits on your precious metal investments.
To do this start with these 3 questions:
- Do you plan to invest long-term or short-term?
- Gold or Silver: Which metal will work best for your portfolio?
- Do you plan to use precious metals as a hedge or speculation?
Answering these three questions will help you find the purpose behind your precious metals portfolio. To learn more about how an effective portfolio depends on you, click here to read more.