What are Hard Assets?
Hard assets can be the name of a company, but it also describes precious metals that you can invest in. These precious metals can be the ones you have heard about such as gold, silver, platinum, and palladium, and some you may not have heard about. This article will talk about some of the precious metals that you may be familiar with.
If you want to learn more about precious metals than this article can share, there are companies that can help you. Then there are reviews about the companies that you can read, such as Hard Assets Alliance Reviews and they can help you to choose a precious metals company that you can trust. Reading reviews can help you to choose a good company to buy precious metals with.
There are many precious metals that can be talked about, but this article will stick with the ones that you are familiar with. These metals are easier to find and can be less expensive than some of the lesser-known metals. If you want to learn more about the lesser-known metals, you can do some research and find the information.
Metals to Invest In
1. Gold
Gold is probably the best well-known metal that is out there. It has been around for many centuries and was used as currency for most of those years at least in some parts of the world. It was even used as currency in the United States for many years until Nixon decided to have the gold standard removed from our currency in the 1970’s. Although we still have gold coins that can be used as currency, our currency is no longer backed by gold.
Gold is still a great investment for many reasons. One reason is that it will hold, or even increase, its value in bad economic times such as a recession or even a depression. When paper stocks and bonds are losing all or most of their value, gold remains the same. That actually goes the same for most of the precious metals listed here.
2. Silver
Silver is very similar to gold in many ways including the fact that it has been around for many centuries. Silver has also been used as currency in many parts of the world, including America. We still have silver coins that are used as currency, but these coins are usually more for investors and collectors.
Silver is a fraction of the cost of the other metals listed here. You can buy an ounce of silver for under twenty dollars on most days, while the other metals are in the hundreds, or thousands, of dollars range. While silver is much less expensive than other metals, that makes it more difficult to store the same monetary amount of the metal as other metals.
3. Platinum
Platinum has not been used very often as a currency, but it has been around for many years. Platinum has a lot of uses including jewelry, electronics, and industrial uses. It is a very versatile metal, and its costs reflect that. Platinum is similar to the costs of gold and palladium and is a very collectible metal. It is also very good for investments and can even be used in precious metals IRAs.
You can collect platinum in many forms such as coins, bars, bullion, and jewelry. It is easy to store, especially as coins and jewelry. This metal is perfect for the middle of the line investor because of the cost.
4. Palladium
Palladium is very similar to platinum in cost as usability. It can be very expensive because of its rarity but can be used for many things. It can be used for jewelry but is more often used for industrial and electronic fields. You can buy palladium as coins and bars, but it is sometimes more difficult to find that way. A good precious metals dealer can help you find the type of palladium that you wish to buy.
5. Copper
Copper has many diversified uses such as jewelry, electronics, automobile and other industries, and is used more and more for decorations. Copper has also been around for many years and can be bought in many ways. You can buy copper coins and bullion which makes it a good way to invest your money. It is also less expensive than gold, platinum, or palladium making it easy to invest in.
If you are looking to invest in copper, you need to find a good precious metals dealer that can help you to buy it in the form that you want. You can read online reviews and check out the Better Business Bureau to find reputable dealers online or in your area. You want to make sure that you will not be taken advantage of.
Copper is a great first investment for people that are just getting into investing in precious metals because of the cost. You can also buy it in a variety of ways, making it easier, as well. You will find many ways to invest in copper.
6. Rhodium
Rhodium is a lesser-known metal, but it is a very good investment if you can find a dealer that has it to sell to you. It is more rare than the other metals listed and can be difficult to find unless you have a very good precious metals dealer. Rhodium is used in the electronics industry, the automobile industry and has other uses, as well.
It is the most expensive metal on this list, making it a good investment for the top buyers. You can see the daily price for rhodium here: https://tradingeconomics.com/commodity/rhodium. It is not often used in precious metals IRAs because it does not meet all the requirements necessary for the IRA.
7. Iridium
Iridium is one of the rarest precious metals found on Earth but is surprisingly inexpensive considering its rarity. It cannot be used for precious metals IRAs because it does not meet all the necessary requirements. It is often used for the automotive industry for high-performance parts and is used for semiconductors because of its high resistance to heat.
Iridium is very hard to find, and you must find just the right precious metals dealer to help you find it. It is very collectible and great for investing in for the top-level investors because of its rarity.
These are just a few of the precious metals that you can invest in and collect. You can use gold and silver in your precious metals IRA, and you can ask about the other metals. Some of these metals are easier to store than others, and they come in all different prices for the beginning investor to the one that has been investing for many years.
If you want to begin investing in precious metals, you will want to do some research to find the best precious metals dealers. Make sure that you check online reviews, the Better Business Bureau, and your state’s attorney general’s office. They can all help you to find a trustworthy business.
