If you’re looking to invest in precious metals, a gold IRA is a great option. It can help you hedge against inflation and diversify your portfolio.
Oxford Gold Group offers a self-directed precious metals IRA with low fees. You can use it to purchase and store gold, silver, platinum, and palladium.
Gold
Gold is an investment that can hold its value over the long term. It is also a safe haven for investors in volatile markets. This is because investors can diversify their investments with gold instead of relying on dollars to protect themselves from losses and uncertainty.
The gold price fluctuates depending on many factors, including the stock market and monetary policy. During times of economic turmoil, people tend to increase their gold holdings because they see it as a secure investment.
Another factor that influences gold prices is the strength of the US dollar. When the dollar strengthens, it makes it more expensive to purchase gold from other countries where the currency is weaker.
Oxford Gold Group offers a range of products and services for customers to choose from. It has a customer service team that is available to answer your questions and provide you with a quote for precious metals if you need one. The company also offers a no-fee liquidation program when you are ready to sell your metals.
Silver
Silver prices have risen significantly since the end of the financial crisis, thanks to the growing demand for industrial metals. They’re also gaining because of their growing use in the energy transition.
While the price of silver can be volatile on the trading market, it’s much cheaper than gold, so it offers more leverage for investors looking to diversify their portfolio. It can also offer a safer haven during economic downfalls.
If you’re looking to buy silver, it’s important to compare prices and make sure you’re getting the best deal for your money. Some charts will show the cost of a troy ounce, but others may display grams or fractional weights, so be sure to compare.
Another way to determine the best silver price is to look at the gold-silver ratio, which measures how many ounces of gold it takes to buy an ounce of silver. The ratio has jumped to an all-time high above 80:1 only three times in the last two decades, but has corrected back down each time within a year or two.
Platinum
Platinum is an extremely rare metal and one of the more expensive precious metals. It is also much stronger than gold and is used for jewelry, electronics and automobiles.
It is also an excellent oxidation catalyst, meaning it allows chemical reactions to proceed at a faster rate than would be possible without it. It has a wide range of industrial applications, and is widely used to make catalytic converters for vehicles.
Like other precious metals, platinum prices can fluctuate based on supply and demand, and the performance of the global economy. However, it is a more stable investment than silver or gold because it is not subject to the same spikes in price that silver and gold are vulnerable to.
Palladium
If you’re looking to diversify your precious metal portfolio, palladium makes a great addition. This unique silver-white metal has a wide range of applications and has been a top performer among other precious metals in recent years.
However, it is important to note that the price of this metal depends on several factors. One of these is demand, which has largely been driven by catalyst applications in the automotive industry.
Another factor that could impact this metal’s price is mining operations. If labor disputes or environmental issues disrupt mining operations, prices could rise as supply is unable to meet demand.
In addition, industrial users, particularly those in the automotive industry, could change their demand for this precious metal. For example, the diesel emissions scandal in Europe could negatively affect car sales and fuel consumption. This could negatively impact demand for platinum and palladium.
