Investing in Gold & Silver For Dummies
Paul Mladjenovic
- English
- ePUB (disponibile sull'app)
- Disponibile su iOS e Android
Investing in Gold & Silver For Dummies
Paul Mladjenovic
Informazioni sul libro
Diversify your portfolio with gold and silver
Investing and trading in gold and silver is always a sound idea—and that goes double in a time of unusual market fluctuation. As people look for safe places to diversify their investment risk, you'll likely see the value of your investment go up where other stocks are vulnerable. Gold and silver saw increases in value of 16% and 15% respectively in 2019—putting them among the top ten most desirable commodities out there—and are projected to experience even more of a bear market as the dollar wobbles in an uncertain post-COVID world. This year, 2020, gold and silver are set up to have their best year of price appreciation over the past 40+ years.
Written in an easy-to-follow, no-jargon style by CFP and bestselling author, Paul Mladjenovic, Investing in Gold & Silver For Dummies explains the different complex processes and vehicles for buying gold and silver. You'll find out the best ways to add these to your portfolio, how to balance risk and reward, and how to adapt time-tested investing plans and strategies to your goals.
- Identify your goals and form a plan
- Buy gold and silver safely to diversify your portfolio
- Use ETFs and options to profit from market ups and downs
- Understand when a gold and silver investment is legitimate
- Use technical analysis to time your market entries
Whatever your current familiarity with gold and silver, this book gives you the extra expert knowledge you need navigate your gold and silver investment portfolio safely through a bear or bull market.
Domande frequenti
Informazioni
Getting Started with Gold and Silver
Exploring the World of Gold and Silver
Considering Gold and Silver for Your Situation
Assessing the world’s financial issues
- Unemployment is up. In January 2020, unemployment was at a 50-year low, but six months later, with 50-plus millions of lost jobs due to the COVID-19 pandemic and government lockdown, unemployment is at a multi-decade high. Although unemployment is coming down, there are still millions of jobs that may not come back.
- Because of job losses, more than 5 million folks are behind on their mortgage or rent. This will cause problems with debt, home sales, and more.
- Government debt is exploding. Federal and state/local debt is skyrocketing. This may lead to high inflation.
- Due to the government lockdown, hundreds of thousands of businesses were temporarily shut down for months, but a huge swath of those may never reopen.
- Pensions and Social Security are dangerously underfunded by trillions. If the federal government bails these out by printing trillions, that can also cause high and punitive inflation.
Knowing how gold and silver can help you
- Diversification: Having stocks, mutual funds, and cash aren’t enough to achieve true financial safety. Gold and silver are true diversification that complements your paper and digital assets and investment vehicles (Chapters 2 and 3 flesh this point out).
- Safe haven: Gold and silver (although more with gold) are considered a safe haven asset, meaning that in times of economic decline and uncertainty, investors move to these “safe haven” assets, typically precious metals and cash (the U.S. dollar). But the dollar (and other currencies) are now at risk (see the next point). That leaves … gold and silver!
- A guard against inflation: For 2020–2030, currencies are in danger of being overproduced in an attempt to resolve economic and financial crises unleashed due to the pandemic of 2020. This means … inflation! Gold and silver excel during inflationary times.