With the rise of inflation, more people are turning to precious metals as a safe alternative to other investment commodities. This has made it more important than ever to make sure that you buy from a trusted bullion dealer.
Money Metals Exchange is a top-rated online gold dealer that also offers other investment commodities. Their website is easy to navigate, and they offer a wide selection of gold, silver, and platinum coins and bars.
Gold
If you’re a fan of the History channel series Pawn Stars, you probably have heard of the World Famous Gold & Silver Pawn Shop in Las Vegas. The show has a storied history and features Rick Harrison, his son Corey, and their loyal friend Austin “Chumlee” Russell.
Despite their long-standing popularity, not everyone knows who owns the gold and silver money metals, or which one is the real deal. Luckily, your Morgan Stanley Financial Advisor can help you decide which of the precious metals might be best for your unique goals and objectives. From there, the real decision is which way to go. The right choice can help you create a comprehensive portfolio that is ready to handle anything life throws your way. The right combination of gold, silver, and other precious metals can give you peace of mind during times of market volatility and economic uncertainty.
Silver
Silver is one of the safest, oldest, and most dependable investment metals. It also has strong industrial uses and serves as an important component in manufacturing many of the technologies that will be essential to our future.
In fact, as governments continue to debase fiat currencies, silver will help protect investors’ wealth. Similarly, gold and platinum are safe havens in times of economic distress.
However, like all physical assets, silver is prone to theft, illiquidity, and poor pricing at time of trade. That’s why it’s important to consider the risks when investing in silver.
Platinum
Most precious metals investors focus on gold and silver, but platinum is also a good investment choice. Unlike gold and silver, which are used for jewelry or as a store of wealth, platinum is often found in industrial applications like catalytic converters.
It is the only precious metal whose demand is driven primarily by industry rather than investor demand, which can make it a bit less volatile than gold or silver during downturns in the economy.
You can own platinum in several different ways, including through coins and bars. You can even invest in platinum scrap, which is a relatively low-cost way to get exposure to the metal. But if you’re interested in owning this metal for long-term growth, consider working with a financial advisor who can help you determine the best way to invest in it given your risk preferences and time horizon.
Palladium
Palladium is a silvery white metal that’s similar to white gold. It’s an essential component of catalytic converters, which remove toxic gases from your car’s exhaust.
It’s also used in jewelry, electronics, dentistry, medicine and hydrogen purification. It’s also a key part of fuel cells, which use hydrogen and oxygen to generate electricity, heat and water.
Because of its widespread industrial applications and rarity, palladium has enjoyed strong investment demand in recent years. However, its supply remains constrained.
Rhodium
Rhodium is one of the rarest and most precious of all metals. It is primarily used in the automotive industry to prevent corrosion. However, it also has a small use in jewelry.
In fact, jewelers usually use rhodium to make white gold and sterling silver look gleaming and new, rather than tarnish. It can be applied by electroplating, but it will wear off in time and needs to be replated periodically.
Rhodium is the rarest precious metal and a great asset to own in a diversified portfolio of precious metals. It is difficult to buy on margin as it does not trade on commodity exchanges, but investors can purchase the physical metal from specialist bullion dealers and store it in international depositories.
