Investing in precious metals is one of the safest, most profitable investments you can make, and as the world economy slowly begins to crumble, there is no better time to invest. Buying gold and silver online is the obvious choice for fulfilling your precious metals needs, but it is never clear who you should buy from. Let me make that decision easier by profiling one of the best precious metals dealers on the web, JM Bullion. You can view their gold and silver selections below:
Though JM Is a newer company compared to most, they handle their business like they have been dealing gold and silver for years. The greatest thing about JM Bullion is that it doesn’t matter how big or small of an investment you would like to make, they will be able to accommodate you. With extremely competitive pricing and a knowledgeable customer service staff, JM is a well-rounded resource for all things gold and silver.
Reasons to Invest
There is no doubt that using the money you have as an investment vehicle is a smart thing to do, but why is that so? By turning some of your money into gold and silver you are doing yourself countless favors that will inevitably pay off in the long-run, and likely the short-run as well.
With paper money losing its value more and more each year due to inflation, the average person’s purchasing power has diminished dramatically over the years and is continuing along its downward trend. Paper money is printed in increasing amounts every year and because of this it is worth less. Gold and silver cannot simply be printed on a press and while these metals are becoming scarcer, paper money is increasingly abundant. If you know anything about scarcity you know that the harder it is to find something, the more it is worth. That is true with gold and silver and only becomes truer as the years pass.
Because gold is constantly gaining in value over the long-term, and paper money is losing it, precious metals can be a great way to preserve your wealth. It may sound like crazy talk when we discuss “preserving your wealth”, but the fact of the matter is that economic collapse could be just right around the corner, and you do not want to be caught with a bunch of paper money when that happens.
Preservation of Wealth
Like was previously mentioned, gold and silver rarely decline in value over a long period of time. In fact, gold and silver have been sources of value far longer than stocks or paper money have existed. Even before the words “stock market” were ever uttered people were trading gold and silver.
Nowadays it is common to see people leaning on paper money and stock markets as a financial crutch, but what happens when you are using a crutch and it breaks? Like we witnessed in 2008, stock markets can crash in a matter of hours with little to no warning, and if all your money is tied up in stocks when that happens you will lose thousands. What happens to gold and silver when stock markets crash, however, is that they gain in value. Let history be a teacher and do not heavily rely on stocks if you do not have a backup plan when their value inevitably goes out the window.
Fight Against Inflation
Because more and more paper money is being printed all the time, the value of it is constantly declining. This event, in a nutshell, is inflation. You have probably noticed that things now are more expensive than when you were younger and I am willing to bet that in a few years you will be saying the same thing. Inflation causes the value of our paper money to decline and there is nothing you can do to prevent that besides investing in precious metals.
You see, precious metals are such a great choice for fighting inflation because as the value of money decreases, the value of gold and silver rises. In the event of hyperinflation, or the scenario where money becomes completely worthless at a rapid rate, gold and silvers’ values spike even more dramatically. By owning precious metals you are doing your part in fighting inflation, something that is very difficult to do without gold and silver.