Investing In Precious Metals
Self-Managed Superannuation Funds have increasingly become a popular choice for Australians seeking more control over their retirement savings. One of the lesser-known but highly advantageous investment options available to SMSFs is precious metals. The allure of precious metals like gold, silver, platinum lies in their intrinsic value, making them a reliable defensive asset during times of market uncertainty.
Let’s explore the key aspects of investing in precious metals and how it can pave the way to a secure retirement.
Reliability and Flexibility
Unlike traditional investments, precious metals are tangible assets that hold value regardless of economic fluctuations. You have the freedom to choose how much of these metals you want to include in your portfolio, as long as they’re held under your SMSFs name. Remember, they should be a part of your investment strategy and geared towards securing your retirement.
The beauty of investing in precious metals lies in their versatility. You can start small, with options ranging from 1 gram to 1 kilogram. Opting for a smaller bullion or coins gives you flexibility to adjust your portfolio holding as needed.
Storing Your Precious Metals
You can choose between two storage options: entrust a reputable third party, such as a bank deposit box or a specialised storage facility. Alternatively, you can take physical possession of your metals, safely stored at your home or business, for easy access in trading.
Liquidity and Selling Options
The ability to sell precious metals back to suppliers or unrelated parties adds liquidity to your SMSF portfolio. Whether seeking to release gains or rebalance your portfolio, precious metals provide a readily tradable asset.
The availability of various providers and suppliers gives you the freedom to choose the services and grades of metals that best align with your investment goals. SMSF Wizard gives you the option of using who you are most comfortable with or recommend suppliers we regularly use for storage and supply.
By using SMSF Wizard you can track the value of your metals in real time so you are always across the market value of your investments and member balance. Defensive assets with intrinsic value, gold, silver and platinum offer stability in uncertain times with the potential for steady growth. If you would like to explore the possibilities and unlock the potential of precious metals within your SMSF, give us a call!