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I want to invest in precious stone or metal, can you tell me which one is better and why?
14 Answers
My favorite is silver. My prediction is that silver will appreciate fast as it will have many uses.
Here are the reason to invest in precious stone or metal:
1/ Precious metals and stones cannot be diminished. They retain its value and thus provide protection against inflation especially in turbulent times.
2/ They are independent of the state, currency, economic situation and the capital value of companies. It will protect you against inflation and government intervention.
3/ The one who has precious metals or stones has his money available all the time. Especially gold and silver are international currencies and may be redeemed instantly at any time.
4/ Precious metals as a solid property reserve should compose at least 10–20 % of your portfolio. What is good for central banks and governments cannot be bad for the individual.
This investment is a long-term investment, at least 10 years or more. I will give you different evaluation of different type of precious metal or precious stone.
For me the best to invest is in precious metals: gold and silver since there are active markets for both and quality is easily assessed compared to other metals and stones.
The best way is to slowly purchase gold as it is one the best return awarding asset. Gold can be sold easily and so can be purchased. Apart from that gold, stones like emerald and ruby has good value. Gold can be treated just like any other stock item by any dealer and it shall yield the same return that other investments do with a larger guarantee. Long term gains computation is slightly different and yields lower tax payment too.
pfffffffff I feel more lost than before starting this thread LOL. Thanks anyway for all the information!
Wow what an informative conversation! Â I am really impressed
I got more than I bargained for thatâs for sure but I did start my investment I bought gold and I am really pleased
we are pleased to be of service! Â That's what these forums are all about. Â Helping each other. Â I Â am pretty diversified and I do reiterate, this is not a short-term investment nor is it a quick buck, but you should be diversified and it's certainly a great market to get into. Â
Am I better off to invest in gold as stocks or am I better off to buy a diamond and keep it in a safe?
I am not an advisor in any way shape or form. Â It depends how much money you have and where you want to put it.
Not a great deal at first to be honest.
Up to you, it really is. Â As I did above, I can only give you the facts.
I understand. Â Thanks though, it's really interesting. Â I feel safe investing in this sort of commoditiy.
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