WE ARE OFTEN ASKED IF INVESTING IN GOLD OR PTHER PRECIOSU METALS IS A GOOD IDEA.
The answer to this question really depends on what your investment goals are. For example if you are looking for a high risk get rich quick scheme the answer is absolutely do not invest in Gold or Other precious Metals.
If you investment aims are to diversify your portfolio and provide a low risk low term stable type of asset that is likely to be relatively inflation proof in the mid to long term than a balanced precious metals portfolio might well be worth considering.
Investing in a Gold IRA as part of your overall retirement is often seen as a good idea by many analysts. This is because Gold and other precious metals are a good way of taking some of the risks out of having an entirely stock and shares based retirement portfolio. The US stock market has crashed many time in the past so rather than hold all of your retirement pot in stocks and shares many retirement investors like to diversify the types of assets they hold as they believe this de-risks the likelihood of loosing a significant portion of their retirement funds.
Our general thoughts are Gold and other precious metals are a longer term investment.
Gold may at the current time be a less favourable investment than silver as Gold is at a relative all time high price whereas silver is at a lower index point. Before buying any precious metals you should always seek professional advice.