An idiots guide to investing in precious metals. Hey stupid!! That means you too....

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Ive been wracking my brain these past few weeks, trying to bring to your attention, the importance and dire need to have a well balanced investment portfolio that contains GOLD and/or SILVER, you can also add platinum and palladium in to the mix here. I hope youve enjoyed (and even noticed) that ive tried to bring to your attention some of the most trusted bullion coins on the planet and their pros for owning them. While its easy to ramble on for hours abiut individual coins, it crossed ny mind that whats holding people back from buying real "money" is the lack of knowledge and how-to on where and when to buy in to the market. So bere are some steps you can take to start investing in precious metals:

Research: Learn about the different types of precious metals available for investment, such as gold, silver, platinum, and palladium. Understand the factors that can affect their prices, such as supply and demand, interest rates, and geopolitical events. A great place to start is the no°1 blockchain community for precious metal enthusiasts- #silvergoldstackers

Determine your investment goals: Decide on the amount of money you want to invest and your investment goals, such as long-term growth, income, or diversification. Precious metals have been a store of wealth all throughout human history. Gold and silver have been used as money since their discovery. Theyve seen civilisations rise and fall, theyve aided nations to conquer and grow, theyve seen contenders to their throne come and go.... but theyve always been a constant.

Consider different investment options: Decide on the best investment option for you, such as buying physical metals, exchange-traded funds (ETFs), mining stocks, or futures contracts. Each option has its own advantages and disadvantages, so it's important to understand them before making a decision. Whilst i have always stayed away from ETF and lived by the same principles as crypto keys "if you dont hold it, yoy dont own it", quick sales and profit taking has its upside. Mining stocks are a favorite of mine and not only pay decent dividends, but you can expect big swings upwards when price of the physical metal starys to creep up.

Choose a reputable dealer: When buying physical metals, it's important to purchase from a reputable dealer that guarantees the authenticity and purity of the metals. You cant go far wrong with buying direct from your own countries "MINT" . You know youll get what you ordered, it authenticity cant be questioned, plus should anything go wrong you can always go back to them and get them to sort out any issues. As your knowledge and confidence grows, you can start looking for bargains in the secondhand markets.

Store and insure your investment: Once you have bought your precious metals, you need to store them in a safe and secure place. Additionally, you should also consider insuring your precious metals to protect them against loss or damage. Storage of PMs is an issue that always rises its ugly head.... Home safes are secure but are easily spotted. Secure offsite storage locations offer storage and insurance against theft and/or fire etc, but say it with me "if you dont hold it, you dont own it", plus they always charge a fee. Personally, i prefer the anonymity of self storage in several locations..... My reasons for buying PMs is to keep my wealth away from the prying eyes of institutions and governments so why would i store it with them or insure it with them.

Monitor your investment: Keep track of the price of the precious metal you invested in and monitor the performance of your investment. Adjust your investment strategy as necessary based on the current market conditions and your investment goals. Buy low sell high!!! Or in my case BUY BUY BUY and create generational wealth.

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It's worth noting that investing in precious metals can be volatile and can come with risks, so it's important to understand that before making any investment decision. It doesnt take a genius to work out that over a short period buying high and sellimg low trying to time the markets for a quick buck is a silly idea. With more and more fiat currency being printed daily and the purchasing power of it crashing at an alarming rate, the long play will always be precious metals.

So now you know, whats stopping you??

40+yr old, trying to shift a few pounds and sharing his efforsts on the blockchain. Come find me on STRAVA or actifit, and we can keep each other motivated .

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Want to find out more about gold and silver? Get the latest news, guides and information by following the best community on the blockchain - #silvergoldstackers. We're a group of like minded precious metal stackers that love to chat, share ideas and spread the word about the benefits of "stacking". Please feel free to leave a comment below or join us in the community page, or on discord.