Tip 2/7: Be sure to have physical gold & silver – Avoid paper gold

Tips to increase your wealth by investing in Gold & Silver

Tip 2: Be sure to have physical gold & silver. Avoid buying paper gold

If there is only one message you should take away from our own website GoldSilverWorlds.com, then please let it be this one: make sure you accumulate physical gold and silver, as much as you can. This message applies to individuals, families, investors … even companies.

Ideally you have a core holding of physical gold or silver :

  • You can accumulate gold and silver bullion in the form of 100g bars, 250g bars, 500g or 1kg bars.
  • You can buy gold and silver coins like the South African Kruegerrand, the Australian Kangaroo, the Swiss Vreneli, the Canadian Maple Leaf or the American Eagle.
  • We like Global Gold, a Swiss buy & store service, that is operating completely outside the banking system and offers an authentic service “à la Suisse”.

A new, simple and trusted way of owning gold and silver bullion is possible via a couple of online programs. The advantage you have is that you avoid the risk of storing the precious metal. We like Hard Assets Alliance. For US and Canadian citizens, there is an accessible silver savings program SilverSaver.com. This infographic gives you some background information about vaulted gold providers like GoldMoney, BullionVault, ea.

Avoid as much as possible paper gold or silver. At least be very careful when you do so. Paper gold and silver became very popular because of their ease of use, but they don’t come without risks. Yes there are simple instruments like the ETF’s GLD and SLV that you can buy on the stock exchange, but again be careful. As a general principle, you should remember to own your gold and silver outside the financial system. We’re afraid that ETF’s could be knocked down should a systemic banking crisis re-occur. If you want an example of what can go wrong when investing in paper gold, then have a look at the drama that occurred with MF Global: gold investors simply lost all their money and the company still doesn’t know where their clients funds are (after almost a year).

Do you need professional advice? Then try one of the recommended newsletters / investment advice. If you accumulate physical gold and silver on a steady basis, by timing your purchases, you will be extremely happy in a couple of years. You’ll see things around you deteriorating, while your wealth and purchasing power remains unaffected. Think about the satisfaction you’ll have when it will become clear you were ahead of the risk and ahead of the herd.

 


 

Beginners’ Guide – All Articles

 

INTRODUCTION TO THE WORLDS OF GOLD & SILVER

What’s This Financial Crisis About and What’s The Link With Gold & Silver?

Physical Gold: antidote against the ongoing global debt crisis

7 key benefits of owning gold and silver

7 Ways to Invest in Gold  and  7 Ways to Become a Silver Investor

Is Silver a Safe Investment  and  Are Silver Coins a Good Investment

Buying Silver is a Volatile Investment  and  The Value of Silver

Why To Buy Gold Bars as a Gold Investment

Understanding Gold Coin Prices

Understanding Gold Price Per Ounce

 

7 TIPS TO INCREASE YOUR WEALTH WITH GOLD & SILVER

Introduction: Now is the time to invest in gold and silver – 7 tips to increase your wealth

Tip 1: Gold and silver is for everyone – You too should own it

Tip 2: Be sure to have physical gold & silver

Tip 3: We are in stage 2 in the long term gold & silver bull market

Tip 4: Be prepared to see sudden price drops

Tip 5: Timing when buying is crucial

Tip 6: This is the century of silver

Tip 7: Gold & Silver stocks can have high yields

 

IS NOW THE TIME TO BE BUYING GOLD & SILVER?

7 facts proving we are in a long term powerful uptrend in Gold and Silver

Is This the Best Time to Be Buying Gold and Silver?

Gold Investments in 2012

 

THE BEST GOLD & SILVER INFOGRAPHICS

Is gold a bubble? Look at this Infographic for the answer.

Own physical Gold? This infographic explores Vaulted Gold as one of your options.

Infographic: all you need to know about Gold in the world