For those of you who are not familiar with trading stocks, ETF is short for Exchange Traded Fund. ETF’s are traded on major stock exchanges like Nasdaq and The New York Stock Exchange. ETF’s are traded the same as stocks, but are less risky because they are a collection of stocks and bonds rather than owning equity of an individual stock. Above all, ETF’s require less work and brainpower because they are a collection of stocks in a particular field or industry. Instead of handpicking individual stocks, you have the privilege of having multiple stocks in one congregated fund.
Some popular ETF’s in the precious metal industry are GLD, IAU, SGOL, GLDM and many more. Some of these funds invest exclusively in gold rather than precious metals as a whole, so there is more risk associated with these types of ETF’s. Although they require less work, its important to research these types of ETF’s before you invest.
As the demand for precious metals rises, who better to invest in than the businesses that are mining metals from the earth’s crust? Considering how valuable these metals are, there will always be a need for precious metals. They are used in practically all electronics, medical devices, aerospace technology, the automotive industry and more. These types of investments are ideal because mining companies are instrumental in extracting metals that are crucial to our existence.
One of the most popular ways to invest in precious metals is to physically own them. Investing in gold, platinum, palladium or silver bullion is the best method of buying physical assets in this industry. Bullion is used for trading in the market unlike jewelry or unique coins. Investing in bullion is perhaps one of the easiest investment transactions in the precious metals industry.
If you’re looking to invest in physical assets like palladium, silver, platinum and gold look no further than Boston Bullion. We will make the process as easy as possible for you and give you all the information you need to successfully invest in precious metals. Give us a call at (781) 710-8419 to learn more!