The following are excerpts from the column that Mark Furmanek, Dillon Gage chief operating officer, wrote for FinanceOffshore.com.
It’s a widely known fact that any investment adviser worth your time will recommend you allocate a portion of your portfolio in precious metals – varied by one’s risk appetite. This has always been done for one simple reason: that precious metals such as gold, silver, platinum or palladium have the effect of acting as a hedge against inflation if and when the more popular equities market retreats.
For decades, investors purchased precious metals by buying physical product in the form of bullion bars and/or coins. Later, the equities market began to bundle stocks under the banner of ETFs, investing in trusts backed by physical precious metals.
But these days, investors need to know that precious metals firms are no longer subscribing to your grandfather’s way of doing business. In just the past few years, there has been a brilliant evolution and revolution in how precious metals can be factored into your investment portfolio. Two examples of this seismic shift in asset positioning include the integration of precious metals with self-directed IRA accounts and the burgeoning digital/cryptocurrency market. And in some cases, both.
Disclaimer: This editorial has been prepared by Walter Pehowich of Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.