Local investments in metals

If you are thinking in holding some of your wealth in precious metals then I would probably inform you that this type of vehicle is illiquid and though you can use capital gains in trading, I think the long terms benefits of buy and hold are a better option since fundamentals would indicate that the prices are definitely going for a bull run.

Because of the absence of a gold and silver bullion market place in the Philippines, it is often better to be able to procure metals from a refinery, a small mine or sources that have these in abundance. This country is one of the toughest places to buy these metals in their natural form since most of the rich and powerful are the ones calling the shots.

If you are able to travel to Hong Kong, you might be able to procure a few ounces of gold or silver bullions that you can take home.

Some have asked if trading gold and silver can be a lucrative business, my answer is Yes, but only if you are able to stomach an increase in value of metals week by week and knowing you are letting the products pass through your hands. Since 2008, prices of the metals have shot up heavily and to give you an estimate of how superior this is, silver has gone up 400% since the mentioned year.

A great transfer of wealth is about to take place and to keep yourself in the balance, you need to be very creative about how you place a certain percentage of your wealth and my best bet is in Precious Metals.