Must Have Items For Bullion Enthusiasts
Whether you’re a savvy collector or just beginning your precious metals journey, there are several must have items for bullion enthusiasts. Below is a list of items that will make you a better, wiser, and safer investor when it comes to gold and silver bullion.
Once you’ve started accumulating precious metals, you will need a secure place to hide and store your valuables. A safe is a great way to protect your investment. A safe can offer some piece of mind if you’re storing your precious metals at your home or office. If you’re going to take the dive into the bullion world, you might as well spend a couple more dollars to protect your purchases. Safes come in many sizes to fit your growing collection and your budget. Anything that makes it more difficult for thieves to get at your valuables is worth its weight in gold. I highly recommend a safe that can be bolted to the floor and that’s fire and water proof.
Precious Metals Investment Books
Every precious metals investor and collector can benefit from the knowledge and advice from the ” gurus ” who have been very successful in the industry for many years. Whether your an experienced trader or a beginner in bullion, you need to familiarize yourself with the ins and outs of the precious metals world, how to avoid common mistakes and scams, and even putting together an exit strategy. There are some vary helpful books available to take your gold and silver investments to the next level.
Gold / Silver Testing Kit
With the prices of gold and silver rising almost daily, more and more fakes are entering the market. An experienced precious metals investor / collector will always make sure that he’s getting what he paid for by checking his bullion for purity. This is especially true if you buy in small quantities from flea markets, auction sites, garage sales, etc… . It only takes a minute to test your purchases, and well worth it. Crooks will prey on the beginner investor, because they won’t know what to look for when buying gold and silver bullion. For a couple of dollars, you can test the purity of your metals anywhere in minutes. These testing kits even work on jewelry and scrap metals. These small and cheap kits will pay huge dividends in protecting your assets and avoiding fakes.
Another way to check your bullion purchase is by weight. A lot of the fakes out there can pass the visual test, but fail the weight test. For example; there are 31.1 grams in an ounce. This can be easily checked with the use of a digital scale. One ounce coins should weigh 1 oz, and so on. These portable and inexpensive scales can be bought at many places online and are super simple to use. These scales also come in handy for weighing scrap gold and silver at garage sales and jewelry stores. In addition to jewelry and bullion, these scales can be used for weighing just about anything around the house. A digital scale is just another cheap addition that can save you big bucks in the bullion business.