Asset module
Gold & Silver
Bullion, coins, ETFs, premiums, storage.
Key lessons
- ◆Spot price is the market price for immediate delivery.
- ◆Dealers charge a premium over spot when you buy.
- ◆A buy/sell spread means selling right away usually loses money.
- ◆Storage and insurance add ongoing costs for physical metal.
- ◆ETFs give price exposure without holding metal yourself.
- ◆The gold/silver ratio compares the two prices.
Risks
- • Metals produce no income.
- • Prices can be volatile for long periods.