Parking Your Money In A Safe Haven During The COVID-19 Pandemic

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Parking Your Money In A Safe Haven During The COVID-19 Pandemic

The world will never be the same again in any respect. This much is clear due to the ongoing COVID-19 pandemic. With supply chains disrupted, financial markets in turmoil and even pensions at risk, those with investment capital need to think long and hard about their options. It’s safe to say that only those with inside information will risk buying stocks and shares at this time and high interest bank accounts (and indeed any bank accounts yielding interest) are virtually gone but there are other options, one of which is investing in precious metals. 

Bullion traders such as City Gold Bullion offer investors a safer and more secure option when it comes to investing money for the future. Even this relatively safe investment vehicle will encounter turbulence as a result of the ongoing crisis, but it will rebound and will hold its value. Gold itself, in its physical form, holds great cultural significance for many people across the world, particularly in Asia, so the longevity and durability of this type of investment has a lot more strength than other traditional investment vehicles.  

Where can I find out more about investing in gold and other precious metals?

The good thing about investing in gold and other precious metals from a reputable trader is that you don’t need any prior knowledge about investing. In contrast to buying a portfolio of shares, you don’t have to keep monitoring multiple sources of data in order to check the progress of your investment. Many of the good bullion traders online have a real time dashboard displaying current market rates where you can learn about the current price of gold & silver. All you need to do is remember how much you paid for your gold to see the profit/loss. 

This said, investing in gold is not really used for short term gain investments but you can proceed safe in the knowledge that you won’t lose over the long term.

What’s the process for buying gold and other precious metals online?

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This is the easy part as most of the reputable gold bullion trader websites are easily navigable even for beginners. All you need to do is go to the website, and hit the ‘Shop Now’ or ‘Buy Now’ tab. You will be then be presented with a series of options, usually organized in weight category. Although you can buy the larger weights in a single unit, most investors, particularly first-time investors, usually find it easier to purchase the smaller denominations. This makes it easier to sell part of your portfolio rather than all of it. Of course, if you want to sell all of it and the price is right, that option is there. Your dealer may also offer or suggest a storage facility, which you may feel more secure with rather than keeping such an asset in your home. This also makes it easier to manage your investment with next to zero stress. 

buying gold and other precious metals online

In conclusion, investing in gold and other precious metals with an experienced bullion trader is a simple process that currently present one of the most safe and reliable investment options at the time of writing. If you are unsure about anything or have any questions, you can always contact them via their website or by phone. 

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