Business

The Ultimate Beginner’s Guide to Investing in Precious Metals

Published

2 years ago

January 8, 2022

sylvia J

Did you know that around 10.8% of people in the United States have invested in gold? This statistic may not surprise you since gold is one of the most popular investment choices out there. However, if you’ve never invested in gold or any precious metal before, you might be wondering what to expect when it comes to investing in precious metals

Should you invest in gold or silver? What about platinum? Are bullion bars or coins the better choice?

If you’re asking yourself all these questions, you’ve clicked on the right article to find your answer. Here, you’ll discover everything you need to know about the different types and forms of precious metals. By the time you’re done reading, you’ll have all the information to start making wise precious metal investment choices.

To start off the conversation, let’s take a better look at gold since, when most people invest in precious metals, their first choice tends to be gold.

Why Should You Invest in Gold

Whenever you decide to buy precious metals, you will find that gold is one of the most unique precious metals. This is not because it is especially rare or that it is the most expensive choice, but because gold has certain financial characteristics that no other precious metal has. The most prominent of these characteristics is that gold is known as a “safe haven” investment.

A safe haven investment is an investment that people buy up in huge quantities when the economy is in a crisis. This happens because gold as a safe haven investment tends to have a stable price no matter the state of the economy and how other investment prices might be fluctuating. People buy up gold because it gives them a sense of security and they know that they will most likely not lose their money when investing in gold.

Even though you can check the stock market and see that the price of gold fluctuates daily, you’ll notice that this price doesn’t fluctuate very much. With other investment options, the price may all of a sudden plummet or rise without warning and continue in a given direction for a while. Large fluctuations like this can be very stressful, especially if you’re only starting out as an investor.

When you purchase precious metals like gold, you won’t have to worry so much and you can give yourself a chance to relax. The downside of investing in gold is that, because its price doesn’t change very much or very fast, you can’t expect to get rich quickly when investing in gold. Although, since the price of gold tends to rise over time, you can expect to make money on your investment years in the future which makes it great for future planning.

How to Invest in Gold

If you’ve never invested in gold before, you might be wondering where you should start. After all, there are several ways in which you can invest in gold. Physical gold and digital gold each have their own benefits and their own disadvantages.

If you are looking to invest in gold as a long-term investment, it might be best to invest in physical gold. This is because physical gold acts as a hedge against inflation while digital gold does not. Why might this be, you ask?

The price of digital gold tends to fluctuate more than the price of physical gold since it is more liquid. Physical gold is a very safe investment, the only challenge being having to find a safe place to put it. Physical gold can come in various forms, but most investors prefer gold bullion bars or coins that are pure gold.

Some like to invest in gold jewelry, but you should keep in mind that the majority of jewelry is not pure gold. This is because pure gold is too soft to be worn as jewelry. Instead, most gold jewelry is 18K gold or less which is mixed with cheaper metals such as nickel.

You can store bullion bars and coins in your home in a safe. You could also store your physical gold in a bank where it will be just as safe, if not safer. When it comes to digital gold, there are gold ETFs and mutual funds available.

There are also precious metals IRA from places like Raremetalblog com that you can try investing in. As mentioned before, digital gold may not be as resistant to inflation as physical gold is. However, digital gold is very liquid and you can exchange it for cash without any problems.

So, how do other metals compare to gold?

Why Should You Invest in Silver

Silver is the next most popular precious metal investment right after gold. In some cases, it might even be more popular than gold. One of the many benefits of silver is that it can make a great investment for beginner investors.

This is because silver is not as expensive as gold. If you don’t have the funds to invest in gold even in small quantities, silver is always available. However, even though silver can make a great investment, it doesn’t have all the benefits that gold has.

One of the main downsides of silver is that its price tends to fluctuate much more than the price of gold. Silver’s price is volatile mainly because it is not only a precious metal suitable for investing but it also has many uses with various industries and is used to create everything from electronic devices to photographic film. Silver’s volatility may throw off some new investors, but keep in mind that even if you lost money on your silver investment, you likely wouldn’t lose very much money.

Because silver’s price fluctuates more often, it does not act as a hedge against inflation as gold does. As with gold, there are various ways in which you can buy silver. If you are cautious about the idea of investing in silver, you can always start off small and buy up a few silver bullion coins.

A few coins may not cost you very much, but as you gather more physical silver, it can certainly add up. More than that, even though the price of silver can go up and down in the short term, it tends to increase in the long term. Because of this, once you get your hands on physical silver, it’s best to hold onto it until the price goes up.

How to Invest in Silver

If you don’t like the idea of investing in physical silver, there is always the digital option. If you prefer to make money on your investment at a faster rate, digital silver might actually be the better option, especially with ETFs and mutual funds. This is because some ETFs offer dividends that can offer you a bit of extra money every so often.

There are many different kinds of ETFs, so be sure you know which ones you’re investing in. For example, some ETFs may contain silver certificates rather than physical silver. Some ETFs may invest in silver mines instead.

There are plenty of options when it comes to investing in silver digitally. However, always be sure to double-check what exactly you’re investing in before you spend any money.

Why Should You Invest in Platinum

Platinum is not as popular as silver and gold and for a good reason: it is very rare. There are very few platinum mines in the world, most of them in Russia or South Africa. These mines also don’t produce very much platinum in the first place.

This is because platinum deposits are located in very deep levels in the earth, deeper than even gold. It takes a lot of time and money to extract platinum so the demand for this precious metal is often greater than the supply. This makes the price of platinum very volatile.

For this reason, platinum is not a great idea for beginner investors. The price of platinum is usually more expensive than gold, but various factors can cause the price to plummet or skyrocket without much of a warning. The result is that platinum investments can be challenging and stressful.

However, if you’re an experienced investor, you might be able to make good money with platinum. You will need to keep a close eye on the state of platinum mines and platinum’s price in order to sell your supply at the right time.

What You Need to Know About Investing in Precious Metals

By the end of this article, you should know everything about investing in precious metals. From gold to platinum and from physical to digital, there are endless possibilities when it comes to precious metal investing.

To learn more, don’t hesitate to explore more of our website.

Business

Chris Dixon, RFC: Shaping the Future of Retirement Planning

Published

3 weeks ago

April 4, 2024

sylvia J

Shaping the Future of Retirement Planning

Chris Dixon stands out as a beacon of innovation and expertise in financial advisory. As a co-founder and managing partner at Oxford Advisory Group, Chris Dixon brings a wealth of knowledge and a unique perspective to retirement planning and tax-efficient strategies for retirees. His robust background, which combines a Bachelor of Science with Political Science Honors and a certificate in Sustainable Business Strategy from Harvard Business School, makes his qualifications impeccable.

A Commitment to Tax Efficiency and Education

Chris Dixon’s role at Oxford Advisory Group transcends traditional financial planning. His focus on developing tax-efficient strategies and income planning for retirees places him at the forefront of financial consultancy. Chris Dixon’s approach is not just about ensuring financial security for the present but paving a way for his clients’ sustainable and prosperous future.

Personalized Strategies for Every Client

Chris Dixon’s expertise goes beyond just offering financial advice; he excels in crafting personalized financial strategies that cater to each client’s unique needs. Understanding that no two financial situations are alike, Chris Dixon RFC employs a meticulous approach to financial planning, ensuring that every plan is tailored specifically to the individual’s goals, lifestyle, and future aspirations. This personalized touch sets Chris Dixon apart in the industry and guarantees that clients receive the most relevant and impactful financial guidance possible.

Bridging Knowledge Gaps with Seminars and Media Appearances

Recognizing the importance of financial education, Chris Dixon actively participates in informational seminars on Taxes in Retirement and Social Security. His commitment to sharing knowledge extends beyond personal interactions. Chris Dixon is a co-host of “Reinventing Retirement” on TV and radio, platforms that significantly broaden the reach of his valuable insights.

Authorship and Influence

Chris Dixon’s contributions to the financial industry include co-authoring the book “Total Tax-Free Retirement.” His articles and expert opinions have been featured in prestigious publications such as Newsmax Finance, Yahoo! News, Nasdaq, and US News, marking him as a thought leader in retirement planning.

Leadership and Vision

Beyond his immediate responsibilities, Chris Dixon’s influence extends to mentoring other advisors nationwide and sharing his tax strategies and planning techniques. His involvement with top Wall Street banks and his role on the board of the Advent Health Foundation illustrates his commitment to both the financial and broader community.

Entrust Your Future with Christ Dixon

Choosing Chris Dixon as your Registered Financial Consultant (RFC) means entrusting your retirement planning to a visionary deeply committed to your financial well-being and future. With Chris Dixon and the Oxford Advisory Group, retirement planning becomes not just a necessity but an empowering journey toward achieving your dreams.

In an ever-evolving financial landscape, Chris Dixon, RFC, represents a trusted guide committed to helping retirees navigate the complexities of financial planning with confidence and foresight. His dedication to tax efficiency, coupled with a proactive approach to education and community engagement, sets a new standard in financial advisory services.

Contact Oxford Advisory Group Today

For those looking to secure their financial future with a partner who truly cares, Chris Dixon, RFC, at Oxford Advisory Group is an unparalleled choice. His expertise and innovative strategies ensure that retirement is not just a phase of life but a new beginning full of possibilities and peace of mind.

Business

How Does a Charge Off Work

Published

1 month ago

March 18, 2024

sylvia J

In the realm of debt resolution, few terms evoke as much confusion and concern as “charge-off.” For many, it’s a dreaded status that signals financial trouble and uncertainty. But what exactly does it mean, and how does it impact your financial life? In this article, we’ll take a closer look at the ins and outs of charge-offs, shedding light on this often misunderstood aspect of credit and debt management.

Unraveling the Charge Off Mystery

At its core, a charge-off represents a significant milestone in the life cycle of a debt. When a lender or creditor deems an account uncollectible due to non-payment, they may choose to charge off the debt. This decision essentially acknowledges that the debt is unlikely to be repaid in full and allows the creditor to write it off as a loss for accounting purposes. However, it’s essential to understand that a charge-off does not absolve you of your legal obligation to repay the debt. Instead, it marks the beginning of a new phase in the debt collection process.

Navigating the Aftermath: What Happens Next?

Once a debt has been charged off, several scenarios may unfold. In some cases, the creditor may opt to sell the debt to a third-party debt buyer, who will then attempt to collect on the outstanding balance. Alternatively, the creditor may transfer the debt to a collection agency, which will pursue repayment on behalf of the original creditor. Regardless of who holds the debt, you remain legally obligated to satisfy the outstanding balance, subject to the terms of the original credit agreement.

Understanding Your Options: Debt Resolution Strategies

Facing a charged-off debt can feel daunting, but it’s essential to remember that you have options for resolving the situation. One potential avenue is debt resolution, which involves negotiating with creditors or collection agencies to reach a mutually acceptable settlement. This could involve agreeing to a reduced lump-sum payment, setting up a structured repayment plan, or exploring debt consolidation options. By proactively addressing the issue and working toward a resolution, you can take control of your financial situation and begin to move forward.

The Importance of Communication: Navigating the Collection Process

Throughout the collection process, communication is key. If you receive notification of a charged-off debt or are contacted by a debt collector, it’s crucial to respond promptly and engage in open dialogue. Ignoring the situation or avoiding communication with creditors and collectors will only exacerbate the problem and may result in further legal action. By staying informed, being proactive, and seeking assistance when needed, you can better navigate the complexities of debt collection and work toward a positive resolution.

Conclusion: Empowering Yourself with Knowledge

In conclusion, understanding how a charge-off works is an essential step in managing your financial health and addressing outstanding debts. While the prospect of a charge-off may seem daunting, it’s crucial to remember that you have options for resolving the situation and moving forward. By educating yourself about the collection process, exploring debt resolution strategies, and maintaining open communication with creditors, you can take control of your financial future and work toward a brighter tomorrow.

Business

The future of commercial aviation: Trends and innovations

Published

3 months ago

January 12, 2024

sylvia J

As the global landscape of commercial aviation evolves, propelled by technological advancements and a growing emphasis on sustainability, the industry finds itself at the cusp of a transformative era. The latest trends and innovations that are reshaping the future of commercial aviation. From sustainable practices to groundbreaking technologies and enhancements in both aircraft design and passenger experience, the trajectory of the aviation sector is marked by impressive developments.

Sustainable aviation takes flight

One of the most significant shifts in the aviation industry is the concerted effort towards sustainability. Airlines are increasingly recognising the imperative to reduce their carbon footprint and embrace eco-friendly practices. Sustainable aviation fuels (SAFs) are emerging as a promising solution, derived from renewable sources, and engineered to curtail greenhouse gas emissions. As airlines worldwide commit to net-zero carbon goals, the integration of SAFs is becoming a cornerstone of their environmental initiatives.

In November of 2023, Emirates completed a demo flight from Dubai International Airport using an A380 with one of its four engines using 100% SAF. Virgin Atlantic has also proven the successful performance of SAF during a flight from London to New York. The Boeing 787 engines were fuelled completely by 100% SAF.

In parallel, aircraft manufacturers are exploring electric propulsion systems and hybrid-electric aircraft. These innovations aim to minimise the reliance on traditional jet fuels, paving the way for cleaner and more environmentally friendly flight operations. Sustainable practices are not just a trend but a fundamental shift towards a more responsible and eco-conscious future for commercial aviation.

Emerging technologies transform the skies

The future of commercial aviation is intricately linked with cutting-edge technologies that promise to redefine how we fly. Artificial Intelligence (AI) is playing a pivotal role in enhancing operational efficiency, from optimising flight routes for fuel efficiency to predictive maintenance, ensuring aircraft are in peak condition.

Moreover, the concept of autonomous flight is gaining traction, with advancements in autonomous systems and unmanned aerial vehicles (UAVs). While fully autonomous commercial flights are still on the horizon, the integration of autonomous technologies is gradually becoming a reality in certain aspects of aviation operations.

The implementation of 5G connectivity is set to revolutionise in-flight experiences, providing passengers with seamless internet connectivity, real-time entertainment streaming, and enhanced communication capabilities. The connected aircraft of the future is not just a mode of transportation but a hub of digital experiences, transforming the way passengers engage with the world from the sky.

Advancements in aircraft design

Innovations in aircraft design are reshaping the very structure of commercial planes. Lightweight materials, such as advanced composites and carbon fibre-reinforced plastics, are increasingly replacing traditional metals, contributing to fuel efficiency, and reducing overall weight. These materials, coupled with aerodynamic advancements, result in more streamlined and fuel-efficient aircraft.

The development of supersonic and hypersonic aircraft is another frontier that holds promise for the future of aviation. These high-speed planes have the potential to drastically reduce travel times, opening up new possibilities for long-haul flights and global connectivity. Although still in the experimental phase, the prospect of supersonic and hypersonic travel signals a paradigm shift in the way we conceive air travel.

Elevating the passenger experience

As the aviation industry embraces technological advancements, the focus on enhancing the passenger experience has become the focus of several airlines. From the moment passengers step into the airport, technology is deployed to streamline processes, reduce wait times, and create a more personalised journey.

Biometric technology, including facial recognition and fingerprint scanning, is becoming increasingly prevalent in airports, simplifying the check-in, security, and boarding processes. This not only enhances security measures but also contributes to a more seamless and efficient travel experience.

Inside the aircraft, the cabin itself is transforming. Modern interiors are designed for comfort, with smart seating arrangements and customisable spaces that cater to diverse passenger needs. In-flight entertainment systems are evolving to provide a more immersive and personalised experience, offering passengers a plethora of entertainment options at their fingertips.

Shaping the future of aviation education

Amidst these transformative trends, the role of aviation education, especially those undergoing flight training in Australia, becomes pivotal. The demand for skilled professionals, including individuals holding a Commercial Pilot Licence, is poised to grow in tandem with the expanding aviation landscape. Future pilots need to be equipped not only with traditional flying skills but also with a deep understanding of the evolving technological and sustainable aspects of modern aviation.

As aviation education adapts to these changes, aspiring pilots must undergo comprehensive training that encompasses the latest technologies, sustainability practices, and the nuances of operating advanced aircraft. The future of commercial aviation relies on a generation of pilots who are not only proficient in the art of flying but are also attuned to the industry’s dynamic and progressive nature.

Soaring into the future

The future of commercial aviation is an exhilarating journey into uncharted skies, guided by the compass of sustainability, propelled by cutting-edge technologies, and defined by a commitment to passenger-centric experiences.