Business

The Ultimate Beginner’s Guide to Investing in Precious Metals

Published

3 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

The EU Digital Identity Wallet: A Comprehensive Overview

Published

3 weeks ago

July 5, 2024

sylvia J

The European Union is spearheading a transformative initiative with the introduction of the EU Digital Identity Wallet. This ambitious project aims to provide EU citizens and residents with a universal digital identity system, enhancing convenience, security, and efficiency in accessing both public and private services. In this article, we explore the key aspects of the EU Digital Identity Wallet, its benefits, challenges, and implications for the future of digital identity in Europe.

1. What is the EU Digital Identity Wallet?

The EU Digital Identity Wallet is a secure and interoperable digital identity system designed to facilitate seamless authentication and verification processes across the European Union. It allows individuals to store and share personal information and credentials digitally, including identity documents, licenses, certificates, and more. The wallet can be accessed through a mobile application, providing a user-friendly interface for managing and presenting digital identity information.

2. Objectives of the EU Digital Identity Wallet

The primary goals of the EU Digital Identity Wallet are:

Empowering Citizens: To provide individuals with control over their personal data and digital identity.
Simplifying Access: To streamline access to online services by providing a single, trusted source of identity verification.
Enhancing Security: To offer a secure and reliable method for digital authentication and reduce fraud and identity theft.
Promoting Interoperability: To ensure compatibility across EU member states, fostering cross-border digital interactions.

3. Key Features of the Digital Identity Wallet

Interoperability: Designed to work seamlessly across all EU member states, enabling citizens to use their digital identity in different countries without barriers.
Data Privacy: Users retain full control over their personal data, deciding what information to share and with whom.
Multi-Functionality: Beyond simple identification, the wallet supports a range of functionalities, including age verification, electronic signatures, and secure document storage.
High Security: Incorporates advanced security measures, including encryption and biometric authentication, to protect user data.

4. How the Digital Identity Wallet Works

Registration and Verification: To use the wallet, individuals must first register and verify their identity through a secure process, often involving biometric data and official documentation.

Data Storage: Once verified, users can store various credentials in their digital wallet. These can include identity cards, driver’s licenses, academic diplomas, and other official documents.

Usage: When accessing a service requiring identity verification, users can present their digital wallet. The wallet generates a secure, verifiable digital credential that can be shared with service providers.

Updates and Management: Users can update their stored credentials as needed, ensuring that their information remains current and accurate.

5. Potential Benefits

For Citizens:

Convenience: Eliminates the need for multiple physical documents and simplifies the process of proving identity online.
Control: Empowers individuals to manage their own data, enhancing transparency and trust.

For Businesses:

Efficiency: Reduces the burden of identity verification processes, lowering operational costs.
Trust: Provides a trusted method for verifying customer identities, enhancing security and compliance.

For Governments:

Streamlined Services: Facilitates more efficient delivery of public services and reduces administrative overhead.
Cross-Border Integration: Supports the EU’s vision of a digital single market by enabling cross-border interactions and services.

6. Implementation Challenges

Despite its promising features, the EU Digital Identity Wallet faces several challenges:

Data Privacy Concerns: Ensuring that user data is adequately protected and that privacy rights are upheld is a critical issue.
Interoperability: Achieving seamless interoperability across diverse national systems and regulations requires significant coordination and technical standardization.
Public Adoption: Encouraging widespread adoption among citizens and businesses necessitates addressing concerns about security, usability, and trust.

7. Timeline and Rollout

The EU Digital Identity Wallet is part of the broader European Digital Identity framework. The initiative is progressing through several phases:

Development: Pilot projects and technological development are underway to refine the system and address potential issues.
Testing: Extensive testing is being conducted to ensure reliability, security, and user-friendliness.
Deployment: The wallet is expected to be available for widespread use by 2025, with ongoing updates and improvements based on user feedback and technological advancements.

8. Legal and Regulatory Framework

The EU Digital Identity Wallet operates within a robust legal and regulatory framework designed to ensure security and compliance:

eIDAS Regulation: The Electronic Identification, Authentication and Trust Services (eIDAS) regulation provides the legal basis for electronic identification and trust services in the EU.
GDPR Compliance: The General Data Protection Regulation (GDPR) ensures that user data is handled in accordance with strict privacy and data protection standards.
National Legislation: Each member state must align its national legislation with EU regulations to support the implementation of the digital identity wallet.

9. Future Implications

The EU Digital Identity Wallet has the potential to revolutionize the way individuals interact with both public and private sectors across Europe:

Digital Transformation: Accelerates the digital transformation of public services and private sector operations.
Innovation: Creates opportunities for new digital services and applications that leverage secure and verifiable digital identities.
Economic Growth: Facilitates smoother cross-border trade and interactions, contributing to economic growth and the realization of the digital single market.

10. Conclusion

The EU Digital Identity Wallet represents a significant step towards a more integrated and efficient digital Europe. By providing a secure, user-friendly, and interoperable digital identity solution, it aims to enhance the lives of EU citizens, streamline business operations, and support the digital transformation of public services. As the project moves forward, addressing the challenges of privacy, interoperability, and public adoption will be crucial to its success. The EU Digital Identity Wallet holds the promise of a future where digital interactions are more secure, convenient, and accessible for all.

Business

Popularity of Monolith Signage for Businesses

Published

2 months ago

May 16, 2024

sylvia J

Popularity of Monolith Signage for Businesses

When it comes to stylish and functional on-street advertising, monolith signs are quickly becoming the clear winner.

Why do so many businesses, from restaurants to fitness centers, choose monolith signs to make their brand stand out and improve the look of their building?

We try to explain.

Distinctive Design and Practical Benefits

One way to get your name and contact information out there is with a monolith sign, which is basically just a freestanding structure.

The design is vertical and striking. It’s a powerful visual for people passing by to increase brand awareness and draw in some customers.

Visibility from a Distance

Visibility is a defining characteristic of monolith signs. They are made to be used on both sides, so the branding is identical on both sides.

This makes them especially useful in areas with a lot of foot traffic, where being seen from all sides is important for getting your message across.

Aesthetic Appeal

People love the clean, powerful look of monolith signs. As long as they fit in with the neighborhood’s visual standards, they look good and show that a business cares about quality and design.

These signs can be lit up, which makes them bright and noticeable, which is important for getting potential customers’ attention from far away.

Flexible Placement

In contrast to traditional signs that may only fit in certain areas of a building’s front, monolith signs can be put anywhere on your property.

For businesses that are not right next to footpaths or high-traffic routes, this is extremely valuable because these signs can be placed in a way that draws attention from busy roads and paths.

Durability and Security

Since they are made of strong materials, monolith signs are sturdy enough to resist vandalism and normal wear and tear.

This makes them a good choice for any business setting. The fact that they are strong means that they will always be a part of your business and help your marketing.

Customization and Professional Installation

If you choose a monolith sign, you are choosing a custom way to advertise. Ice Signs work closely with you from the first design stage all the way through the installation.

We start with a couple of primary designs and finishes and then add your company’s colors, fonts, logos, and pictures to make a sign that is truly unique and represents your business.

Comprehensive Service

Our team is dedicated to giving you a complete experience and making sure that every monolith sign meets your business’s exact needs.

Our experts will hook you up with the right style of placement and installation of the sign, handling all aspects carefully. We stick to health and safety standards for a smooth setup.

Why Invest in Monolith Signage?

The way businesses think about and use outdoor advertising has changed a lot since monolith signage came out. Because it is highly visible, has an eye-catching design, and is built to last, it is a great tool for businesses that want to make a strong impression in a crowded market.

Companies that are thinking about this dynamic advertising option can get a free site survey to figure out what their needs are and how to best meet them.

Talk to our experts about how monolith signs can change the way people see your business and bring in more customers.

Parting Thoughts

You can use monolith signs for reasons other than advertising. They are also a good investment for your business because they will last, be flexible, and fit with your brand.

These signs can be traditional or illuminated. Either way, they make your business stand out in a packed market.

Ice Signs is a company in Leeds that makes custom, hand-made signs, such as metal and illuminated signs. With over 20 years of experience, they deliver tailored design, supply, and installation services for both indoor and outdoor business signage needs.

For more information, visit:

https://www.icesigns.co.uk/products/monolith-signs/
https://www.icesigns.co.uk/products/totem-signs/

Business

Chris Dixon, RFC: Shaping the Future of Retirement Planning

Published

4 months 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.