Make 2021 Your Year to Profit from Precious Metals

Precious Metals InvestingRecycle Precious MetalsRecycling and Refining
Written By Barry Lenson

The coming year could be your opportunity to make money – perhaps a lot of money – by investing in precious metals.

There are many reasons why opportunity in precious metals could be knocking in your door right about now. One reason is that the economy is recovering quickly as the Covid-19 pandemic fades away. Another reason is that as a number of companies have closed, there are ample opportunities to buy up quantities of precious metals at low prices. The manufacturing supplies those companies had in stock, as well as the computers and other equipment they owned, can be bought for advantageous prices.

So, What Is Holding You Back from Investing in Precious Metals?

Let’s take a look at some of the most common reasons why people hesitate to get started investing in gold, silver, platinum, and other precious metal scrap.

“I don’t have a lot of money to invest in precious metals.”

This is a common fear that causes individuals to delay investing in precious metals. And it is a fear that is largely unfounded. Successful precious metal investors have gotten started by investing relatively small amounts of cash - $100 or less – in gold scrap, silver scrap and even platinum scrap. Investing in precious metals is something you can do, even if you decide to start small. It is not only for very wealthy people.

“I don’t have a place to store vast quantities of precious metal.”

This is another common misconception about investing in precious metals. Many successful investors can store only a small amount of gold scrap, silver scrap or even platinum scrap in a small bank safety deposit box. How much space will your investments require? It depends on the kind of investments you make. And in most cases, storage will not be a problem, especially when you are just getting started.

“Investing in precious metals is outside my comfort zone.”

Okay, fair enough. But if you stop to think about it, you realize that getting started in any kind of investing always requires a bit of “stretch” and courage. If you have never bought stock before (or a collectible car or an appreciating artwork), getting started requires a bit of courage. The same is true of investing in precious metals. If you don’t get started, how will you ever be successful?

“I don’t have the specialized expertise I need to make smart investments in precious metals.”

Again, this is a common misconception among people who are just getting started as precious metal investors. We are proud to say that in most cases, the resources we offer make it easy to learn everything you need to know to get started as a successful precious metal investor.

One way to learn what you need to know is to spend some time reading the articles we have posted over the years on this blog.  And if you don’t find the answers to the questions that are on your mind, why not give us a call at 800-426-2344.

Whether you are thinking of investing in gold scrap, silver scrap, platinum scrap or any other kind of precious metal, we are here to offer advice. And now is a great time to get started.

Barry Lenson
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Six Trends that Will Drive Up the Price of Precious Metals in the Coming Year