Precious Metals

Top Bullion Investable Precious Metals

These precious metals are highly preferred by all novice or seasoned investors. Let’s discuss why they are favoured and the various buying options available:

• Gold

Gold has generally trended upwards over time, even with fluctuations in the Canadian dollar. For instance, in 1970, an ounce of gold cost around $35 Canadian (CAD), whereas by May 2024, it reached a record high of $3,100 per ounce. This significant increase showcases gold potential for long-term growth in the market. Therefore, buying gold bullion is a secure and intelligent choice.

Find a reliable dealer like CanAm Bullion, explore the available options, and invest in denominations that match your budget.

• Silver

Compared to other precious metals, silver is relatively affordable. In 2024, the silver market is indeed experiencing significant growth. Analysts predict that the price of silver could rise to approximately $34.43 per ounce.

Investors considering investing in Silver can choose from various forms of Silver bullion listed below:

• Silver Bars
• Silver Coins
• Silver Rounds

•  Platinum

Platinum’s scarcity—being 30 times rarer than gold—enhances its value as a store of wealth. In 2023, South Africa, the world’s largest producer of platinum, experienced a significant decline in production due to labour strikes and power outages. This limited supply contributed to price increases. Therefore, platinum bullion investment is an attractive option for individuals seeking portfolio diversification with a high-value, future-proof asset.

Which Bullion Investment Is Right For Me

When deciding which bullion investment suits your needs, consider these key points:

1. Investment Goals: Clarify your objectives—whether you are looking for a safe haven, portfolio diversification, or high returns. Your goals will help guide your choice.
   For instance, During financial crises like the 2008 recession or recent economic downturns, gold prices typically rise as investors flock to it for security. On the other hand, if diversification and high returns are your primary focus, Silver and Platinum bullion are the best investments, respectively.
2. Market Conditions: Stay informed about current market trends of precious metal rates and economic conditions, as these can significantly impact bullion prices. For instance, like any investment, aim to buy precious metals when prices are low and sell when they are high. Monitor price trends and technical indicators to identify potential buying opportunities during market dips or corrections.
3. Liquidity: Assess the ease with which you can buy and sell your chosen precious metals. Factors such as market demand, dealer networks, and transaction costs can affect liquidity.

By understanding these factors and monitoring market conditions, you can decide which bullion investment aligns best with your financial goals and risk tolerance.

Practical Tips for Investing in Precious Metals Bullion

Investing in bullion requires a lot of research and consideration, as the options available are considerable. Take a look at the practical tips on how to start your bullion journey below:

• Always Start With Small

If you are new to investing in precious metals—begin with purchases of small denominations before committing to larger investments.

Instead of purchasing most precious metals in full-ounce bars or coins, consider buying fractional bullion products such as half-ounce or quarter-ounce coins. Fractional bullion offers more flexibility in terms of affordability and liquidity, especially for smaller investors.

•  Diversify Your Portfolio Across Types

Diversify your precious metal holdings across different types of products, including bars, coins, and rounds. Each type of bullion product has its benefits regarding liquidity, premiums, and collectability.

•  Beware of Counterfeit Products

Exercise caution to avoid counterfeit bullion, especially when purchasing from unknown sources or online platforms. Look for hallmarks, certifications, and proper packaging to ensure the purity and integrity of your investment.

•  Stay Updated on Tax Implications

Get complete knowledge of the tax implications of buying, holding, and selling precious metals in your jurisdiction. Consult a tax advisor to optimize your investment strategy and minimize tax liabilities.

• Always Buy From Reputable Dealers

To ensure authenticity and purity, only purchase bullion from trusted dealers such as CanAm Bullion. Our platform provides access to precious metals experts who can offer professional guidance and expertise.

Future Growth Trends in Bullion Investment Globally

1. The Gold Bullion Market size is projected to reach USD 131.56 billion by the end of 2030. This noteworthy expansion is anticipated to unfold with a remarkable compound annual growth rate (CAGR) of 12.1% from 2024 to 2030.
2. USGS data states that global mined platinum production has stagnated in recent years. Supply constraints and potential future demand growth could put upward pressure on prices.
3. A research paper published by the World Bank titled “Commodity Price Volatility and Inflation in Emerging Market Economies” found a statistically significant positive relationship between silver prices and inflation. This suggests that silver prices tend to increase when inflation rises.

From all the above information, it’s quite clear that whatever bullion you choose—whether silver, gold, or platinum, the chances of future growth are probable.

Conclusion

Consider all the tips discussed above, and take your time to decide which investment in precious metals suits you the most, whether it’s in coins, bars, or rounds. Factors such as your needs, budget, and future plans will help you make the right choice. Avoid rushing and ensure a secure purchase!