What Precious Metals Can I Invest In?

Making plans for the future can often strive with uncertainty, and we can only make plans on what we already know. However, as more and more people have seen the risk involved with only hold paper-based assets, more are thinking outside the box when it comes to planning for their future.

As such, people have quickly realized how relevant precious metals have become when looking to secure our future. Of course, gold is one of the most popular investments, and for good reasons. However, we shouldn’t overlook the value of other precious metals, as many play an important part in the everyday world, both financially and physically.

While we should always seek expert advice before making and commitments, especially if you’re looking to get involved with precious metals retirement investing, there are some precious metals that are constantly on the radar of investors, and the reasons why.

  1. Rhodium

Rhodium is very rare and silver in color. The metal itself is often used for its reflective properties, so it’s not unusual to see used in the manufacturing of lights and mirrors. It also has a high melting point and can keep corrosion at bay. South Africa and Russia have been some of the biggest producers of Rhodium.

  1. Platinum

Platinum is a metal that is able to withstand a mass of hydrogen with little to no effect. Its incredible resistance means it’s used for jewelry, as well as dentistry tools. Again, South Africa and Russia have been among the biggest producers of platinum.

  1. Ruthenium

Ruthenium is another precious metal that is well renowned for both its rarity and its hardness. As well as being used to plate electrical contacts, it is also used as an alloy to help build better resistance. South American and Canada are some of the biggest producers of this precious metal.

  1. Osmium

Known as one of the densest metals on the planet, osmium also has a high melting point. North and South America are among the largest producers of this brittle metal and is used to harden platinum alloys for electrical contacts.

  1. Rhenium

Another dense metal that also has a high melting point, rhenium is used in the manufacturing of filaments and contact materials. The United States and Chile are among those who produce this precious metal.

  1. Silver

When it comes to being recognized, silver is a close second to gold, both in use and desirability. Like gold, silver is often used in the manufacturing of jewelry. While it can be lower in value than gold, this doesn’t mean that this metal isn’t worth considering when making plans for precious metals retirement investing.

  1. Indium

Indium is a rare metal that is used to create semiconductors, corrosive-resistant mirrors and alloys. China, South Korea and Japan are the largest producers of Indium.

  1. Palladium

Palladium is relied upon by many automobile companies for their catalytic converters, as well as being used by several electronic companies for plating. Russia, South Africa and Canada are among the biggest producer of this adaptable metal.

This is merely an overview of the precious metals available, but gives you an idea of how much diversity there is when making a potential investment. While no two precious metals will have the same value, you can be sure that a precious metal is a valuable asset in its own right, regardless of whether it’s silver, gold or indium. They will not be prone to the same risk as paper-based assets and can be seen as a way of minimizing risk when trying to structure a robust financial plan.

Which Precious Metal Should I Invest In?

There is no right or wrong answer when determining as to which metal you should invest in for the future, because there can be many factors to consider. However, if you’re looking to invest in several precious metals, then it can be advisable to ensure that you have access to a custodian that is able to store the precious metals, as well as receiving financial advice as to what kind of investments are worthwhile based on your current portfolio. Thigns change however if you are looking to invest in precious metals as part of a gold IRA rollover process for your retirement. It is a very complicated process and you have to get a reputable custodian to help you with the rollover process (source: mineweb.net – gold IRA)

Are Precious Metals More Valuable Than Paper-Based Assets?

When building a portfolio, you may receive a series of conflicting advice as to whether you should invest in paper-based assets only, or look to diversify. The reason precious metals have become a popular commodity when planning for their future is their resilience in the financial market. While nobody knows what’s around the corner, many people have chosen to make investments in precious metals as they are known for counteracting any inflation incurred from inflation on paper-based assets.

If you’re unsure of how precious metals will help secure your financial future, then it can be advisable to speak to a professional to ensure that you’re given the advice you need.

4 pieces of inside information about personal loans

4 pieces of inside information about personal loans

Few people get to talk to industry professionals about loans and borrowing – so we’ve compiled a list of lesser known facts from people on the inside.

If you want to know how to get approved for a loan, the truth about where to find the lowest interest rates or strange things that can impact your credit rating, read on:

“You can haggle”

People are normally quite accustomed to a discussion about the ‘best price’ when they’re shopping for a car or a house – but few people know you can have similar discussion with loan providers. Ultimately, they’re a company selling you a product, so feel free to ask for the best possible price they can provide.

What that normally means to a loan company is the interest rate they offer. If you think you can get a better rate elsewhere then ask if they can match it. They might need to see proof that you can get that rate and the same conditions – but assuming you can, there’s nothing to be lost be asking – some will even beat that rate to win your business.

“Credit providers make mistakes”

If your credit rating is lower than you think it should be, it might be the fault of a company you have previously had credit with – and not your own.

Neither humans nor computer programs are accurate 100% of the time, so if there’s been an oversight and your final payment isn’t processed, or someone’s forgotten to tick a box that confirms your account is closed then you’re possibly suffering for no reason.

Your credit score affects whether or not lenders will offer their products and, if they do, at what rate you would be accepted. You’re entitled to see your credit report – and the big credit referencing agencies will provide it for you for just a couple of pounds. Check it carefully, mistakes can cost you money.

If you spot something you think is incorrect, question it with the company that provided the product. At the very least, it’ll be put as ‘under review’ until it’s checked properly, meaning it won’t affect any decisions during that time.

“Bending the truth can get you in big trouble”

There are lots of areas that people don’t think will be checked when they submit the information required to obtain a personal loan – but be very careful, not being 100% truthful can get you into a lot of a hot water.

It might be tempting to stretch the truth slightly when it comes to what your income is or what you’re going to use the loan funds for. The truth is, lying about any of these things can constitute fraud. The lender will often have the ability to recall a loan if it comes to light that any misinformation has been used in securing the loans – and in some cases criminal charges can be brought.

It’s not common, but not totally unheard of that people face charges. Be very careful to ensure you’re 100% accurate with your information.

“A personal loan looks better on your record than payday loans” 

When lenders look at your credit history they can see what types of financial products you have previously used. A lot of lenders take a very dim view of payday loans.

Before looking any further, a payday loan can be an indication that an individual isn’t able to adequately budget through the month. Payday loans are traditionally used to get through short lean periods and repaid immediately upon your next pay cheque clearing. This can be a warning sign for a lender.

If a lender sees subsequent payday loans, this is a huge warning sign. If a person is stuck in a cycle of borrowing with large interest rates, this can be very difficult to break free from. Seeking debt advice if you’re in this situation can be vital to breaking free before further financial crisis occurs.

On the other hand, personal loans indicate an individual is able to handle their finances to allow for repayment at a steady and frequent rate. Seeing the application for and successful repayment of personal loans on a credit rating can actually be better than seeing no credit at all.