The Basics of Gold and Silver Investments
Gold and silver are considered safe investments in times of economic uncertainty. They have been used as currencies and stores of value for centuries, and their worth has withstood many market fluctuations. Investing in bullion coins and bars is one way to add precious metals to your investment portfolio, and there are a few things to keep in mind when making these purchases.
Factors to Consider When Buying Bullion Coins and Bars
When buying bullion coins and bars, it’s important to pay attention to the weight, purity, and markups. The weight refers to the actual weight of the coin or bar, while the purity refers to the percentage of actual gold or silver in the product. Markups are the costs incurred by the dealer in manufacturing and selling the product, and they can vary widely between dealers.
Current Market News and Analysis
Bitcoin futures prices are higher, but the bears still have the slight overall near-term technical advantage as a gentle price downtrend is still in place on the daily bar chart. Gold and Bitcoin are good positions to take as Treasury is set to break the market and drain $1 trillion.