Time at Home is a Good Opportunity to Study Your Precious Metals Investments
Have you been completely satisfied with the investments you have made in precious metals? Do you think you have invested your money in the right metals? Do you feel like you could benefit from some new ideas and new strategies to realize more income from the bullion, gold scrap, platinum scrap, silver and other investments you have made?
Of Course, You Feel That Way!
People who put money into any investments – stocks, coins, anything – often tend to say, “I’ve done pretty well, but I could have done better.” If you feel that way too, we have a suggestion for you. This would be a good time to sit back quietly at home and ask some questions about where you are with your precious metal investments, and about where you might like to go.
Here are some questions to ask.
“What is in my portfolio?”
Considering the total dollar value of your precious metal holdings, maybe 50% of your investments are in gold coins and bullion, 25% in platinum scrap, and another 25% in miscellaneous pieces of gold jewelry you have bought in estate sales.
How happy are you with that allocation of assets? Are some of your metals doing much better than others? Are some of your metals lagging behind others in appreciation? It can help to review the past trading prices of the metals you hold. Should you consider rebalancing what you own?
“Am I underrepresented in certain important sectors?”
This is another way of looking at the question we considered just above. If most of your holdings are in silver, for example, you could be missing out on higher potential returns in gold and platinum. Again, look at how you portfolio is distributed.
“Am I storing and protecting my investments really, really well?”
This is a great question to consider, and this time of “sheltering in place” is a good time to think about it. If you are not storing your gold, silver, platinum and other precious metals in safety deposit boxes, or secure storage facilities, this could be the time to do better.
And what about insuring your holdings?
“What precious metals have I held the longest? Why?”
These are interesting questions to ask. The way you answer them can tell you a lot about how well you are managing your investments. Have you been holding a batch of old thermocouples for a year, just because you can’t take action and have them tested and processed? (If so, it is time to get moving.) Or have you been holding a lot of gold bullion because you are waiting to see what happens with trading prices? (If so, you are probably proceeding wisely.)
But ask these questions, because the way you answer them can tell you a lot – and indicate areas where you have been slow to act.
“Am I happy with the liquidity of what I own?”
If you experienced some kind of hardship and needed money quickly, how could you sell the preciouis metals you have invested in? Would doing so take too long? Would you need to liquidate your holdings for less than they are worth? Some precious metals investments are more liquid than others. In general, gold, silver and platinum scrap you send to Specialty Metals Smelters and Refiners represent liquid investments. Call us at 800-426-2344 to learn more.
“Am I overlooking the leveraged value of scrap?”
Gold scrap, platinum scrap and palladium scrap are among our favorite investments because they have leveraged value. In other words, you can buy many kinds of scrap, have Specialty Metals extract the precious metals it contains, and realize a much bigger ROI than you could by investing in coins, bullion and other assets that can only appreciate when trading prices rise. Perhaps you should be investing more of your money in appreciable scrap?
“What am I afraid of?”
Okay, we are getting a little psychoanalytical with this question. But let’s ask it again anyway – what are you afraid of, and why?
If you are afraid you will sell or liquidate some of your precious metals before they hit their peak prices, you could be delaying too long about taking profit when and where you can. If you are afraid you have invested too much in, say, silver, what does that tell you? It could mean you really did invest too much of your available funds in silver, that you have been too slow to invest in higher-cost gold or platinum (which could probably pay you a larger return on your investment), or something else.
The things you are worried about, or afraid of doing, can offer you clues about opportunities you have been overlooking.
“Am I partnering with the best companies and vendors?”
This is a great final question to ask.
Are you working with the best, most respected, and most expert company that can test what you own? If you are recycling precious metals and scrap, are you dealing with the refinery that uses the most modern and profit-maximizing technologies? Are you dealing with a precious metals recycler that can advise you on strategies that can help you maximize your profits over the long term, or one that only wants you to liquidate your metals immediately, so it can make money from you today?
Not sure? Then today is the day to call Specialty Metals Smelters and Refiners at 800-426-2344. We are here to answer the questions you are asking right now. Be healthy!
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