What’s your motivation to hold gold in your portfolio? What’s the best way to buy gold and silver for retirement?
When you know where you want to end up then you need to identify if what you are currently doing will get you there. Before you can go on an investing journey you need to identify what type of investor you are? As Peter Hug, from Kitco Metals Inc, says you need to identify your before working out the best way to buy it.
By analysing your current income generation ability you will be able to determine if you are better off sticking to your day job and get help to make your money work harder. Others may need to employ strategies that will give them extra income to invest and allocate time to learn investing strategies.
In the end if you don’t know where you are going you will never get there. It is possible to retire young, as Todd Tresidder did the first time at age 35, however this takes focus, desire and discipline. It is conceivable to make a difference to your future no matter what your age is now. You just need to make the decision to change your priorities to have your money work for you to get ahead in life.
Whether you are a collector, an investor or you just don’t trust the government people buy gold for different reasons. Peter Hugg, Kitco Metals, discusses the various types of personalities that buy gold and what attracts them to the different ways you can own gold. Explore the many different ways to buy gold.
SUMMARY
2:00 4 groups of investors
8:05 Reasons for holding gold
9:30 Who’s buying gold?
11:40 How to buy gold
14:20 Storage options
17:00 Paper ways to buy gold
18:00 Insurance
19:00 Contact
To connect with Peter online
Have you listened to the last episode of Retire Well Retire Happy Podcast?