Individuals are turning to precious metal coin investments as a way to diversify their portfolios in today’s uncertain world. Gold and silver have posted double-digit returns in 2016 and are beating overall stock market performance. The metals markets have unique properties that have allowed individuals to build and store wealth for centuries.
In today’s online buying world, it does make a difference regarding who you buy from – and not all sellers have your best interests at heart. When it comes to buying coins as an investment avoid these four common mistakes.
Mistake #1: Don’t Buy Novelty Coins
Novelty coins are often sold on late-night infomercials or on a plethora of Internet sites. These can include commemorative medallions or coins with unusual shapes or kitschy appeal. At Blanchard, we believe that firms that sell novelty coins at high markups damage our industry reputation and prey on in the inexperience of most consumers. As a matter of policy, we dont sell these products because we don’t believe in their investment value. Anyone telling you differently is giving you bad advice and should be avoided.
Mistake #2 Don’t Buy a Broad Array of Coins
Stay focused on a few bullion products as you build your hard asset portfolio.Choose quality over quantity.At Blanchard, we only sell a small subset of bullion products available on the market. Why? We are in the business of helping serious investors and rare coin collectors build long-term wealth. Serious investors dont need a large variety of products to build a solid portfolio. Anything more than what we offer adds complexity and confusion when you go to sell your holdings.
Mistake #3 Don’t Overpay For Coins – Where You Shop Matters
We do not like the flea market sites that sell thousands of products. Most of the products at these sites are overpriced and it is easy for consumers to overpay for commodity bullion. At Blanchard, we stake our business on being honest, open and forthright with every client we serve, and we take great pride in our reputation for integrity. We have your best interests at heart. We partner with our clients to help them build a suitable hard asset bullion portfolio that fits with your risk appetite, and your long-term investment goals.
Mistake #4 Fail To Get Precious Metals Investment Advice
It is all too easy to “click and buy” in today’s Internet age. But, when it comes to building a solid coin portfolio that can truly offer you diversification and wealth building properties, we believe that most of our clients benefit by talking to one of our Portfolio Managers before they make any purchase.
The precious metals market is complicated and in constant flux. We follow it closely on a day-to-day basis. Getting a second opinion before you buy can dramatically improve your purchasing power and help you avoid making a bad purchase that you may regret.
Our advisors can also help educate you on topics such as setting up precious metals IRAs, inheritance issues, how to store and insure your coins, diversification and much more. If you simply have a question and aren’t ready to buy yet please give us a call – we are happy to help.
The Blanchard Difference
We are the premiere tangible assets advisor in the United States for serious investors and serious collectors. Blanchard is a family-owned company that has been in business for over 40 years. It is our intention to offer very competitive prices for our bullion products. If you find a cheaper price on the Internet, please let us know and we will aspire to match or beat that price. Your 100% satisfaction is paramount to us. Our Portfolio Managers are always available to help at 1-866-764-9135.