078: Hedging with Precious Metals: Buyer Beware

Ads for gold, silver, and other precious metals are everywhere. But even with the dollar coming off its high and inflation pushing over 7%, are they a good hedge? If so, what are you supposed to buy, and what should you avoid? We’ve had lots of people asking us where they can purchase gold and silver. With that in mind, today’s episode is all about precious metals–and why the buyer should almost always beware. We discuss common precious metals scams, whether these assets should be a part of your portfolio, and safer ways to make these investments if you’re interested.  In this podcast interview, you’ll learn: Why the dollar is losing value right now. Why individual investors are almost always paying premiums when investing in gold, silver, or other metals. Why precious metals aren’t a perfect fit for everyone. What to watch out for when investing in precious metals–and why you should avoid almost anything that comes in a fancy box. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan?  We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com