New Topic

Should I invest in precious metals?

  • 28 May at 09:47 - by PaulTimHolden - 821 views

Share:

I've heard people talk about investing in precious metals. Is investing in gold and silver a good idea? If so, how do I get started?

15 Answers

Don’t forget to get information on taxes. I believe precious metals are taxed at 28% regardless of income. The best way is to do it in an IRA (or other "pre-tax" account), not on a taxable account. (I'm no accountant, so best to consult yours J).

29 May at 14:50 - by rustyruth

I would recommend that you check this website: investopedia.com/articles/investing/071015/should-you-add-metals-your-portfolio.asp

I found some useful information there when I was researching before starting with my own investment.

31 May at 13:31 - by BrianWhiteInv

Silver and gold have been sleeping since 2011. If I were you I’d go for for something like Bitcoin, Litecoin, etc... Go where the money is!

31 May at 19:08 - by KRucker

Make sure that you don't put all your eggs in the same basket. Avoid paper gold and gold stocks and go for real physical bullion gold investment.

I insist on a tax-free retirement account rollover, such as a gold IRA rollover.

01 June at 06:41 - by rustyruth

Thank you guys for the tips. :)

02 June at 20:10 - by  PaulTimHolden

I have found myself in a position where I have some money to invest and I have always wanted to invest in gold bullion has anyone actually invested on here?

06 June at 06:21 - by beckysimms

Not personally but I have friends who have hence why I said bullion before on here.  They loved the idea like you do, and as far as I know they are continuing to invest so I think it's working for them!

06 June at 13:06 - by rustyruth

Really ok thank you for that its really hard to know when your not some sort of top investor person that’s why I like sites like this real advice from real people not trying to get money out of your ledt right and centre

06 June at 21:38 - by beckysimms

Yes it's nice to get real feedback I agree

07 June at 00:51 - by rustyruth

I would still go for cyber investment if I were you.  Gold and Silver are over

07 June at 11:48 - by KRucker

Some people like the idea of investing in something tangible though and I totally get that

07 June at 23:56 - by rustyruth

Yer but not if its not a good idea!

10 June at 04:21 - by KRucker

I would rather by something I can hold rather than a lot of hot air!

10 June at 11:57 - by beckysimms

Just trying to give advice!  I think you'll find Bitcoin is not a lot of hot air somehow!  There's even another chat about it on this very forum!

10 June at 23:32 - by KRucker

Ok thanks.

11 June at 11:06 - by beckysimms
Answer the question

Recent articles

Investments Overseas

Do you want to invest overseas? Investing overseas can provide investment opportunities not available in the U.K. However, if you want to discover if international investments are right for you, have a look at our guide and learn everything you should know about their risks and benefits. 


Effects of Brexit on Investment

How has Brexit impacted investors? Is it the right time to invest? Trying to predict which sectors will gain or lose is pointless. However, you can surely read this article and discover the consequences of Brexit on economy and investment.


Investing in Gold Bullion

Many people are thinking about gold bullion as an investment. However, learning how bullion investments works can be the difference between failure or success. Therefore, make sure you understand everything we explain in this article before making your investment.