Investing in precious metals—also known as bullion—is a great choice for many people in a variety of situations. Whether you’re looking to diversify your portfolio, start collecting coins for fun, or anything in between, we have the metal and bullion products that are best for your needs.
Let us help you start your bullion investment.
Remember, investing in bullion is like any other investment. There are risks involved, and you shouldn’t put all of your investments into one area. Diversifying within and outside of bullion is the key to a great return on your investment.
One of the most popular reasons individuals choose to invest in precious metals or bullion is to save for retirement, diversify their IRA, and ensure a comfortable life. Gold, especially, usually increases in value over time
Bullion and precious metals cannot be put into a standard IRA—they must be put into a gold IRA. The setup process is a little different than you might be used to, so be sure to read up on everything you need to know about a gold IRA.
If you’re beginning to plan for retirement early, great! In general, precious metals need at least five years to increase in value. The longer you’re able to invest the better!
We recommend diversifying your bullion investments with different precious metals. Many investors choose gold as their most prominent investment and supplement with platinum and silver.
Putting all your investments in one area is a risky move, whether you’re investing in the stock market, bonds, or bullion. We never recommend solely investing in precious metals, but they are a great way to diversify your current portfolio!
If you have a solid bullion investment, even if you were to lose money in the stock market, your bullion would still be of value.
If you’re just beginning to diversify with bullion, we recommend investing in silver because of its low cost, small denominations, and industrious demand. Once you’re more familiar with which precious metals will complement your existing portfolio after talking with an expert, you can begin investing in more expensive options like gold!
Some individuals may wish to make investments that serve as security in times of financial crisis. They’re not looking to store their bullion long-term until retirement; instead, they want it to be a savings account of sorts that doesn’t depend on the stock market or the value of a dollar.
Having a small emergency savings consisting of bullion allows you to keep part of your savings unaffected by the value of a dollar.
For this use, you need a precious metal that comes in small denominations, is relatively inexpensive, and can be sold regardless of the economic climate.
We recommend primarily investing in silver, with some gold and platinum as small supplemental investments. Because silver is used in manufacturing and technology as well as jewelry, it’s almost always in demand and can be bought and sold in cheaper and smaller denominations than gold.
Congratulations on starting your bullion journey! Investing in precious metals is a fun and smart financial move. This solid investment will serve you for years to come.
Precious metals are different than traditional currency in many ways—namely, they’re not affected by economic downturn quite as severely, and they’re not subject to inflation. Gold often increases in value during recessions, and platinum skyrockets during economic booms.
We recommend starting with a small investment and then graduating to larger investments after you’ve gotten accustomed to the bullion marketplace. Gold is a great first investment because it will generally increase in value over time. Silver is available in smaller quantities for a lower price, so it makes a great introductory investment.
If you’ve already delved into the world of bullion investments, you’re probably wondering: what’s next?
Decide what you want your goals to be, and then take a look at your existing precious metals portfolio. Maybe you need to diversify with a wider variety of metals, or perhaps you want to double down on your gold investment in preparation for a predicted recession.
It’s always a great idea to add to your existing bullion investments, but remember not to put all your investments into bullion! It’s important to diversify outside of precious metals.
Gold is not affected by dips in the economy or inflation, so it retains its inherent value even when traditional currency decreases in value. Even in recessions, gold often increases in value! If you already have standard gold, we recommend investing in gold coins that have added historical value.
On the flipside, platinum often increases in value when the economy is doing well and decreases when there’s a recession. Investing in both gold and platinum ensures that whenever you need to take out your investment, you’ll be diversified even when the economy fluctuates over time.
Collecting rare coins—or any coins for that matter!—is a fun and often profitable hobby. But the pure thrill of discovering rare coins is enough to make it worth it.
Many people who have sizable collections often bequeath them to loved ones upon their passing so they leave behind a source of financial security. Your hobby now can pay off later!
Gold coins minted before 1933 are rare because people weren’t allowed to hoard their gold during the Great Depression, so many of these coins ended up out of circulation and out of the hands of Americans.
Setting aside valuable bullion for your loved ones to inherit after you pass away is a gesture that will be appreciated for years to come. Whether you want to ensure that funeral costs are covered or simply giving a gift, investing in bullion is an incredible way to ensure financial stability for your loved ones.
Because your investment won’t be completely dependent upon the economy or the stock market at the time of withdrawal, your loved ones’ future will be secure.
Gold makes a great long-term investment because it increases in value over time and is a relatively stable investment, even when the stock market is in a downturn.
Supplementing your investment with silver is a great choice as well, especially if your loved ones will just want to withdraw a small portion of their trust fund at a time.
You don’t have to have thousands, or even hundreds, of dollars to get started in bullion investing. For less than $50, you can begin your journey into precious metals. Starting small is a great way to see if bullion investing is right for you and your financial goals.
Precious metals take about five years to increase in value—you can’t just buy and recoup your investment in a few months. But by slowly investing a little at a time, you can accrue bullion at your own pace. There’s no (gold) rush!
We always recommend starting with silver if you have a small initial amount to invest. Silver costs less per ounce than gold, and you can buy fewer ounces at a time. It’s a great way to slowly dip your feet into bullion investing.
Silver is also easy to sell at a moment’s notice because of its industrial demand, so if you decide that investing in bullion isn’t right for you, you can easily liquify your investment. Or, if you choose to keep investing, silver is a great diversification to gold and platinum!
If you’re choosing to liquify a portion of your savings, you might have a hefty sum of money you want to invest. This allows you to frontload your investment and not have to wait to accumulate more precious metals over time—you can just sit back and watch your investment grow!
In addition, you’ll be securing your investment from being affected by a potential recession or stock market loss. Keeping money invested in bullion and traditional savings accounts allows you to diversify your investments so your financial future is secure.
Beginning with a large investment gives you lots of flexibility in terms of what you can invest in. We recommend investing in mostly gold and platinum, the two most expensive options, but also the two that have a great potential to increase in value over time. Of course, it’s always a good idea to supplement with silver as well.
When you invest in a Gold IRA alongside your existing 401K, you even out the risk of inflation in the long term. No matter what state the economy is in when you need to withdraw your funds, at least one of them will be safeguarded.
Even though gold IRAs require a little more finesse and formalities (you have to work with a self-directed IRA custodian, for example), the value you get in the end makes it well worth it.
You have to invest in specific types of bullion that are legitimately accepted for your gold IRA by the IRS. Even though the name would make you think otherwise, gold isn’t the only precious metal allowed in a gold IRA! You can invest in silver, palladium, platinum, and, of course, gold—as long as they are in an IRS-approved format.
There are a variety of scenarios where bullion and precious metals are best for your needs. If you have any questions, feel free to reach out to the experts at Nationwide Coins. We’re excited to help you on your bullion investing journey!
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