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Saving up for retirement is a challenge for many people right now. Private sector pensions are rare, and old-age benefits don’t provide ample support for retirees. There’s a possibility that old-age benefits from the government may not even be around anymore when it’s time for their use.
Saving up enough money to have a comfortable and exciting retirement is vital, especially as living costs rise without a clear end in sight. Building an investment portfolio for long-term growth isn’t as simple as pumping your money into mutual funds.
Instead, your investment portfolio needs to be flexible and adaptable as your life circumstances change. Younger people have ample time to let their investments grow or recover from losses. Older investors tend to favour more reliable assets that may not yield as high a return but are much less likely to suffer losses.
Tools like stocks, bonds, index funds, and others can generate dividends or interest that bolster your finances and create growing value. Investment-grade gold and silver are another solid way to grow an investment that often gets overlooked, especially in a technological age with alternate forms of currency.
How Can You Acquire Gold Bullion?
There are many ways to invest in gold and silver, but sometimes the simplest method is best.
You can go to industry leaders in bullion like Global Bullion Suppliers and buy the form of bars or coins directly. This is the most secure and simple way to add it to your portfolio, as they sell investment-grade products, and they can give you guidance and support on how to buy bullion.
You can also buy vaulted bullion that you own, but you’ll never actually collect. Many bullion investors prefer storing gold themselves, because it is reassuring in a world where paper investments don’t always carry their full promise. Plus, vaulted gold also comes with insurance and storage fees.
Finally, ETFs, or Exchange-Traded Funds, let the investor own shares of a firm which owns the gold or silver. This option also puts a degree of separation between you and the asset. You can decide what’s right for you, but many people drawn to gold enjoy the tactile experience of possessing and seeing it.
Why Is Bullion’s Value Reliable in the Long-Term?
The stock market and the economy itself are volatile in that it experiences periods of growth and decline, and swings can be abrupt. Usually, when economic indicators like stock markets or inflation drop, bullion moves in the opposite direction.
Buying bullion can be a way to hedge against other risky investments and falling markets. The value of stocks and mutual funds can be determined by market panics or perception, and when investors lose faith in them, they often turn to gold and silver as an alternative.
It’s impossible to know what the economy has in store in the upcoming months and years. If you want a reliable asset with a history of riding out recessions and market crashes, consider gold and silver as long-term investments.