How to invest in precious metals?


Investing in precious metals such as gold, silver, and platinum can be a strategic choice during economic uncertainties. Here are key considerations and methods for investing in precious metals, based on Brad Barrett's discussions:

  1. Use of Precious Metals ETFs: You can invest in ETFs (Exchange Traded Funds) that focus on precious metals. These provide an easier way to invest without holding the physical metals. Keep in mind to ensure that these ETFs are properly backed by physical metals to reduce risks associated with paper assets 1.

  2. Purchasing Physical Metals: You can buy physical gold, silver, or platinum. This can be done through reputable online dealers, and you might consider using a payment method that offers rewards, such as credit cards, to additionally benefit from potential cashbacks or rewards 2.

  3. Emergency Fund Consideration: You can allocate a portion of your emergency fund to precious metals. This approach treats metals like gold and silver not just as investment vehicles but as a store of value in times of market volatility or economic downturns 3.

    Precious Metals ETFs

    Jonathan discusses the different types of ETFs for precious metals and the importance of ensuring that paper assets are backed by the actual store of value. He explains the difference between open-ended and closed trust ETFs and how they can potentially affect the claims on the silver ETFs.


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  4. Diversification: Consider diversifying your investment across different metals and forms (physical vs. ETFs) to mitigate risks and potentially leverage different market conditions 4.

Always ensure to perform due diligence and consult with a financial advisor to align these investments with your overall financial strategy and risk tolerance.