Silver & Gold Prices are astronomical right now! Prices are rising DAILY!
Is it time to buy OR sell gold and silver?
Today, Gold hit an ALL TIME RECORD HIGH! And it shows no signs of stopping. It is, without a doubt, one of the strongest performing precious metal commodities. Period.
Market analysts are expecting gold to soar well over $2,000 an ounce. Currently it is around $1,940. Trust me – that will change throughout the day. Call or stop by Vermillion Enterprises, we are always up to date on the latest spot prices!
Silver is running a similar path. It has rocketed to higher prices as well. Which it has not seen in seven years! Maybe Silver got a case of the seven-year itch? Gold has long out shined Silver and Silver has just had enough! For instance, just a couple months ago, Silver declined while Gold continued to rise.
Why are prices rising?
Analysts state that the global Covid-19 pandemic has significantly contributed. Many are seeking to invest in tangible assets such as precious metals versus stocks and bonds. Precious Metals are “safe havens” in times of uncertainty. Precious Metals are also interchangeable goods that could be used as currency if need be in an economic crisis. Additionally, as the dollar moves lower, precious metals, such as gold, move higher. This decline occurs in instances such as economic bailouts and stimulus’s. As well as other countries that hold U.S. bonds. During economic stresses, they tend to switch from bonds to physical bullion. Thus, decreasing the dollar. Either way, the rising bullion prices are here to stay, at the very least, through the summer.
How can you Profit from this?
Is now the time to buy or sell gold and silver?
It really isn’t a question of WHEN. It is more a question of HOW MUCH. With prices already at a multi-year high, selling could be prime, but purchasing costs are significant as well. However, with that said, every investor, every person, should have SOME. Not only during times of economic uncertainties, but as a retirement option, as a “just in case.” In instances of economic uncertainties, physical precious metals may prove volatile in the short term or foreseeable future BUT it has always maintained its value over the long term.
Invest in Silver and/or Gold today! Flip that Coin! Stack those bars!
Precious Metal Stocks:
Precious metal stocks do have their advantages, don’t get me wrong. However, you should know that precious metal stocks do not mimic precious metal bullion prices. Especially in times of economic uncertainty and pandemics, such as this Covid-19. How well your stock performs depends on the success of the company, which could be affected by personnel changes, unions, lawsuits, employee strikes, etc. Additionally, if the stock market crashes, your investment in a gold manufacturer will likely decline as well. Even as the price of physical precious metals increases. On the flip side, if precious metal bullion prices decline significantly, stocks can increase. But do note that market analysts do not foresee that as Covid-19 continues to flourish.
Physical Precious Metals:
Precious Metal Bullion holds its inherent value. Having physical bullion is an asset that will always be worth something, even if prices drop. Precious metals such as gold and silver will always continue to be used in jewelry, electronics, and other manufacturing items. Additionally, physical precious metals don’t require extensive knowledge or experience in investments or portfolios.
Where do I buy physical gold or silver bullion?
There are a couple of options. Buying online versus buying local. You can buy silver or gold in massive quantities online. Whether you are looking for a gram or 1,000-ounce ingots. However, you may not fully understand what you are buying when you buy online. Such as premiums or which is a better investment – coins or bars. Buy local. Buy at Vermillion Enterprises. We are here to help you understand your investment.
No matter if you are looking to invest long term or make short term flips. Buying or selling. Look no further than Vermillion Enterprises. We offer fair prices and friendly customer service. Plus, we pay cash on the spot! Literally.
Which is better – gold bullion or silver bullion?
There isn’t a “better” option when buying physical precious metal bullion. It goes back to the question of HOW MUCH you’re looking to purchase. Not just weight, but cash spent.
Silver has long been considered “the poor man’s metal;” however, that is not necessarily the case. Silver is much cheaper than gold to purchase. No doubt about it. But it is a key advantage of silver over gold. It means it is more easily accessible. However, gold is less volatile than silver. Gold retains its higher values longer over time. Not to mention, with silver being as readily available, and cheaper to buy – depending on how much you purchase, storage can be an issue.
Here are some practical examples:
- You can hold $50,000 worth of gold in one hand—but it would take about 10 large shoe boxes to hold the same dollar amount of silver.
- $50,000 worth of gold weighs about 2.6 pounds—but the same value of silver weighs about 189 pounds!
- You can store roughly $170,000 of gold in a small safe deposit box, but that same space will only hold about $2,300 of silver.
Which is better – bars or coins?
Again, it is a question of HOW MUCH. For those that are looking to buy larger quantities, bars are the better choice. However, if you are looking to stow some cash away in the form of a precious metal, coins are the best route to go. They also have significant premiums – whether you are buying or selling. Which can be a deterrent for some looking to buy. But avoiding the premium upfront on purchase isn’t always a good thing. A lower premium at purchase will equate to a lower premium at re-sale. Check out our blog on investing in gold. We outline additional points to consider when purchasing and selling.
What coins should I invest in?
American Gold Eagle, American Silver Eagle, and Canadian Maple Leaf coins—both silver and gold—are some of the best coins to buy! As well as, the Austrian Gold Philharmonic. Watch our video below.
What now?
Come into Vermillion Enterprises today. We are here to discuss your options and help you decide which is a better option for you. You can never go wrong with investing in physical precious metal bullion.