5 Best Precious Metals to Invest in for 2021

best precious metals to invest in gold bars silver coins investment

If you want to find a great asset to invest in, you can never go wrong with precious metals. These have always been used as a form of currency and as a material for a variety of products. As a result, investors are keen to stock up on as many different precious metals as possible — in the hopes of making lucrative profits. 

So what are the best precious metals to invest in for 2021? 

You always know that you have to have an abundance of precious metals as well as "diversify your portfolio." 

But what are the advantages of the different precious metals? 

This guide will help you decide the precious metals to invest in this coming year. 

These Are The Precious Metals To Invest In Next Year 

The first thing to do is to find a great retailer to purchase your precious metals. Online retailers have become great sources for buying high-quality precious metals and having them shipped to your home. Investorcrate.com is a great choice for first-time and seasoned investors. 

You also need to know how to care for your precious metals. Don't expect to sell them immediately — you'll have to hold onto them for some time. Invest in a great cleaner for your precious metals and keep them secure in a safe. 

Now let's look at the best precious metals to invest in for profits and financial security: 

1. Gold 

Gold has a variety of great uses and is the go-to precious metal for beginners and veteran investors. One of its uses is as a form of currency, so you can count on using it if there's ever a cash shortage, hyperinflation, or other financial crisis. 

As a result, during times of crisis investors and laymen flock to gold. At any given time, you can expect the price of gold to be high (per ounce). If you predict an upcoming financial crisis, you want to consider stocking up on as many gold coins and gold bars as you can. 

2. Silver 

Silver is often thought of as a lesser metal to gold metals, as it's usually significantly cheaper. However, one should never underestimate this precious metal as it has many great uses and is more versatile than gold. This is loved by both beginner and seasoned investors. 

There is no particular time to buy silver metals. But as it has versatile uses, it's always in need — more than any other precious metal on this list, you should buy it whenever you can. Consider stocking up on as many silver coins and silver bars as possible. 

3. Platinum 

This is another great precious metal that is also traded on global markets. Platinum has a variety of uses, but it's particularly used in the automotive industry. 

However, since this is an industrial metal you would need to hold an abundance of platinum for it to be worthwhile to buyers. You should also be aware of the fact that the only major platinum mines are in Russia and South Africa. 

All of these factors make platinum a volatile and risky investment. It's better suited for seasoned investors. If you have a diverse portfolio of other precious metals, then you can consider adding platinum to the mix. 

4. Copper 

You may not think of copper as a precious metal, but it's more valuable than one would think. Copper is used in manufacturing, industrial, and medical services. 

The fact that it's overlooked is part of its advantage. It means that you can usually expect to find copper at an affordable price — whether you buy in ounces or pounds. 

If you can, you want to do your research on buyers who are interested in purchasing copper metals. Based on their estimated prices, you can decide how much copper you wish to stock up on. 

5. Palladium 

This precious metal is very similar to platinum and is used in the same industries. When you look at the prices for these two metals, they are often head-to-head and similar. 

A platinum investor likes to stock up on some palladium as well to be on the safe side. If you find that you are unable to sell platinum to a buyer, you might succeed if you offer palladium instead. 

Now let's look at some tips for investing regardless of the precious metals you choose. 

Investing In Bars 

As a general rule, investing in bars trumps investing in coins. These carry more weight (literally) and are higher in value. If you have the budget for a lot of precious metals, you want to consider keeping them in bars. 

Gold bars can start with 1 gram and silver bars start with 1 ounce. You can also buy precious metals bars in much higher weights — which is great for rapidly increasing the value of your portfolio. 

Larger buyers and organizations from major industries will always be on the lookout for bars. If you want to attract them, you should invest in bars. 

Investing In Coins 

Investing in precious metals coins also has tremendous benefits. These are loved by beginners and seasoned investors. These are easier to carry and to store. These gold and silver coins are often easier to liquidate. 

These are great for collectors. If you want to sell to collectors, museums, galleries, etc. If you wish to sell to them, then you should consider investing in coins. There will also be precious metal exchanges that buy bars and coins but have a less strenuous process for purchasing coins. 

Diversify Your Investing 

Finally, let's return to diversifying your precious metals portfolio. A smart investor in precious metals will want to choose at least two metals from this list to invest in. 

Each precious metal has its place and you want to consider what is best for you. For example, you might want to stock up on gold coins to use as currency if you predict a financial crisis. Simultaneously, you might want to stock up on bars of silver and copper to sell to industries so that you can make a profit before and during a financial crisis. 

Buy Precious Metals Today 

Now that you know what precious metals to invest in for the coming year, you are ready to start building your portfolio. Always speak to a financial advisor to guide you through the process of investing in precious metals. Make sure to share this content with other curious investors and coin collectors. 

Read more about investing and business on our website. We publish a variety of helpful articles on precious metals to invest in and ways to start a valuable collection.

Bootstrap Business Blog Newest Posts From Mike Schiemer, Partners, & Blog Outreach Services