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Gaithersburg, (301) 812-4608
Owings Mills, MD, (410) 363-4683
Washington, DC, (202) 299-1290
Our financial advisors can help determine if your portfolio should include precious metals. First, what is a precious metal? Precious metals are naturally occurring elements such as gold, silver, and platinum. These types of metals are rare compared to other common industrial metals. It is because of their rarity that precious metals have a higher economic value. Precious metals are used for several purposes including coins, jewelry, art, and décor; but they also have a role in investments.
Our financial advisors may tell you that precious metals are an important investment when diversifying your portfolio. Gold, silver, and platinum are often used as a hedge against inflation. There is typically no correlation to the performance of the stock or bond markets, which means that precious metals can offer additional diversification.
Precious metals have shown to be resilient during times of economic recessions. They can help preserve value when there are concerns about weakening currencies and other financial markets. Precious metals should not be your sole investment. Precious metals are typically used as a compliment to the rest of your portfolio.
Another appealing aspect of precious metals is their tangible quality. You can look at them and collect them in the form of coins. You can see them as a tangible commodity versus other investment concepts. Precious metals can be very useful in planning your financial portfolio.
If you need more information about precious metals, contact CIC Wealth today; our financial advisors are here to help.
Investments in commodities may have greater volatility than investments in traditional securities, particularly if the instruments involve leverage. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs, and international economic, political, and regulatory developments. Use of leveraged commodity-linked derivatives creates an opportunity for increased return but, at the same time, creates the possibility for greater loss.