What Is Your Biggest Worry as a Precious Metal Investor?

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Written By Barry Lenson

. . . we are here to solve it for you

No matter what you invest in, you are probably worried about something. If you have money in stocks, how are the companies faring that you have invested in? If you invest in art, have the kind of items you have invested in been increasing in value, or going down? And if you invest in collectible cars and own a 1957 Thunderbird (just one possible investment), how much did a similar car sell for at auction last month?

Worries, worries. And to tell you the truth, we would be lying if we said you have nothing to worry about if you are a precious metal investor. So, what concerns are occupying your mind these days?

Let’s look at some top concerns of precious metal investors and find some solutions.

Problem One: “I don’t know just how much my holdings are worth and whether they are increasing in value.”

We started with this issue because it is probably the biggest, and most valid, concern an investor can have. But there are solutions:

  • You can track current trading prices every day. We update them every day and post them on our home page. Stop by to keep an eye on the value of what you have.

  • You can review long-range price trends online. You can easily find resources online that tell you precious metal trading prices over the previous weeks, months, and even years. One example is the chart of recent gold prices that is available on Nasdaq.com. But with just a little searching online, you will find many more.

Problem Two: “I’m running out of room to store my holdings.”

If you invest in certain kinds of precious metal scrap, you could have this worry. Maybe you store your scrap in a storage facility, in a warehouse, or maybe even in your garage. And you’re running out of room.

This situation can be a big concern if you want to continue to add to your holdings. But there is a solution. Here at Specialty Metals Smelters and Refiners, we can process your scrap, store the precious metals it contains, and either pay you now for its value at current trading prices or safely hold it for you until you are ready to liquidate it. So, problem solved! You can continue to invest in more scrap without running out of space.

Problem Three: “I don’t really know the value of what I have.”

Maybe you have a storage facility that is full of thermocouple wires, or a few tons of soil you collected from near an old silver mine, or old welding supplies. Yes, you own it . . . but what is it really worth?

Lots of people suffer from this problem or similar problems. But it is never smart to be ignorant about how much your investments are worth.

We offer you a simple solution. If you call our precious metal consultants, we will be glad to explain how we can test your holdings for you and let you know just what they are worth. So . . . problem solved. (In some cases, we can test just a small sample of what you have, so you only need to send us a small amount. Now, that’s simple.)

Problem Four: “I am about to come into ownership of precious metals, and I don’t know their liquidity or value.”

This is a nice problem to have, of course. It can crop up in different ways. We have seen it take several forms. There was a man who inherited a storage box full of beautiful sterling silver tableware from an aunt. What was it really worth? There was a woman who came into ownership of a jewelry store that had been owned by her father. How was she ever going to determine how much its inventory was worth?

Again, this is a nice problem to have. If you encounter it, you need some good advice. May we recommend that you call Specialty Metals Smelters and Refiners so we can offer you some proven advice and help you formulate a plan?

Problem Five: “I don’t have a long-term plan for dealing with my precious metal investments.”

This problem can arise in a number of ways. Maybe you would like to gift some of your holdings to your children or grandchildren, but don’t know how to move ahead with that plan. Perhaps you would like to donate valuable assets to the college you attended, to a hospital in your community, or somewhere else. Or maybe you feel it is time to turn your precious metals into cash so you can make other investments in stock, real estate – you name it.

Questions like these require expert advice. If you want to gift assets to members of your family, for example, you should speak with an accountant who prepares your taxes, with your financial advisor, or with your attorney. When you do, you will probably find that before you can move ahead with your plans, you will need to know the value of what you own. And that is where we can help. Call Specialty Metals Smelters and Refiners at 800-426-2344 and we can explain how we can test your precious metal items and scrap and let you know how much they are worth.

These Are Not Problems, They Are Opportunities

As we wrote at the start of today’s post, any kind of investment can cause people to become anxious. But if you never invest, how can you make money? Why not call us at 800-426-2344 to discuss your investing strategies.

Barry Lenson
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