People are buying gold and silver for safety right now, and that usually means holding hard assets as opposed to paper.
Fort Worth, TX (PRWEB) July 10, 2014
Following a July 1 report that gold and silver ETF holdings have fallen dramatically in recent months, Texas-based precious metals dealer GoldSilver.org has issued an advisory to clients regarding variables in performance among different gold and silver investments. Company spokesperson Maria Martin says many investors may be unaware that all gold and silver-based products do not trade equally.
“We specialize in physical gold and silver investments, such as coins and bars,” said Martin, “but investments like mining stocks, ETFs and futures contracts work differently.”
Investors have pulled $562 million from precious metal exchange-traded funds, or ETFs, this year. Despite the massive sell-offs the physical gold and silver spot prices have risen almost 10% since December. “People are buying gold and silver for safety right now, and that usually means holding hard assets as opposed to paper.”
Gold and silver prices are down almost 30% since 2011, but fears of hyperinflation and dollar devaluation have kept business brisk for gold and silver dealers like GoldSilver.org. “Savvy investors have lost confidence in paper money, and we feel like the not-too-distant future holds a return to gold and silver as currency,” Martin commented.
GoldSilver.org is a North American market leader for gold and silver investments for home delivery or within retirement accounts. They buy and sell all sorts of investment-grade gold, silver and platinum. For more information or a free gold and silver investment guide, visit http://www.goldsilver.org or call 1-800-394-3337 today.