For many new gold investors, the move into precious metals was a knee-jerk reaction to discovering that their portfolios and retirement accounts were virtually decimated. The shock for many is still resounding, and there hasn’t been much time to recover, but investors in ETFs (Exchange Traded Funds), may be well served to consider physical possession of their gold, now that diversification is their next move towards financial security. Diversification of assets is always recommended for any investment, and investors are urged to consider precious metal bars, as opposed to ETFs, for their specific, financial needs. A great many seasoned investors prefer the added security of taking physical possession of their metal, as faith in our nation’s banking system dwindles, and even the most sophisticated electronic financial systems are not infallible. Precious metal bars are conveniently and discretely carried, traded, and stored, and serve as an “ace in the hole”, in the event of some unforeseen emergency.
I mentioned the specific, financial needs of each investor earlier, and these needs can only be determined after each investor has carefully and honestly evaluated his or her own, specific finances on their own. Once this evaluation is complete, it is advisable to consult a large volume, precious metal dealer, like the Certified Gold Exchange, for any added information you may need on investing in precious metal bars. Large volume precious metal dealers, with a proven track record of customer satisfaction, and approvals from the Better Business Bureau, are generally preferred, and many times offer competitive discounts.