Discover the world of gold and silver
For centuries, gold and silver have captured the imagination of dreamers and investors alike.
From dazzling jewellery to gleaming coins, bullion bars, and modern exchange traded products (ETPs), precious metals offer a timeless investment opportunity. But where should you begin?
Here’s a simple guide to help you explore the fascinating world of precious metals and take your first steps toward a diversified portfolio.
1. Why Invest in precious metals?
Precious metals are celebrated as a reliable store of wealth, standing strong through generations. They’re liquid, meaning you can quickly turn them into cash when needed. More importantly, they shine during uncertain times – hedging against inflation and stock market slumps.
Many investors also look to gold, silver and platinum to complement traditional investments like stocks and bonds. By diversifying with precious metals, you can weather the ups and downs of financial markets more effectively.
2. Choosing the right metal: Gold, silver or platinum?
The right precious metal depends on your goals, budget and investment timeline. Here’s how they differ:
Gold
Known as the ultimate safe-haven asset, gold thrives during market uncertainty, high inflation and currency fluctuations. Australian investors have historically seen gold outperform other assets during equity market downturns. It’s a cornerstone for diversifying portfolios.
Silver
Often dubbed ‘gold’s little sibling’, silver is more affordable, making it ideal for those just starting out or on a budget. It has industrial applications in solar technology, batteries and medical equipment, but this means its price can be more volatile – often influenced by economic trends.
Platinum
Rare and versatile, platinum’s value is closely tied to industrial uses like automotive and jewellery production. Its performance can hinge on geopolitical factors and economic recovery, offering a negative correlation to other assets.
3. How to invest in precious metals
Bullion bars and coins
Buy physical gold and silver in various weights and designs. Store them securely at home or in professional vaults for peace of mind.
ETPs
Trade gold and other metals as easily as you would stocks. For instance, The Perth Mint’s Gold Structured Product (ASX:PMGOLD) is a convenient way to invest without worrying about physical storage.
4. Where to buy precious metals?
Trust matters. Always purchase from a reputable dealer offering competitive pricing and accurately assayed metals. The Perth Mint, owned by the Government of Western Australia, offers 99.99% pure precious metals along with secure storage options.
Whether you’re diversifying your portfolio or preparing for the unexpected, investing in precious metals combines the appeal of timeless value with modern convenience. Take the first step toward your golden future today.
Start your journey by opening a depository online account with The Perth Mint here.
DISCLAIMER
Past performance does not guarantee future results. The information in this article and the links provided are for general information only and should not be taken as constituting professional advice from The Perth Mint. The Perth Mint is not a financial adviser. You should consider seeking independent financial advice to check how the information in this article relates to your unique circumstances. All data, including prices, quotes, valuations and statistics included have been obtained from sources The Perth Mint deems to be reliable, but we do not guarantee their accuracy or completeness. The Perth Mint is not liable for any loss caused, whether due to negligence or otherwise, arising from the use of, or reliance on, the information provided directly or indirectly, by use of this article.
First published 13 September 2023
