Buy Precious Metal one of the best source of information when it comes to precious metals investments. The world economy has been based on US dollar for as the world’s reserve currency for a long time but the same cannot be said now. The investment trend has now shifted to investing in gold coins and silver coins and avoiding paper-based investment such as stocks, bonds, mutual funds etc. To get more information you can feel to free visit here http://buypreciousmetal.com/

1. Whatever Baby Boomers Ought To Know
About Precious Metals
Baby boomer is a generation known for their focus on financial freedom and prosperity. Precious
metals are a good shot and great opportunity to invest and cultivate financial security. It will aid
the smooth transition from employment to pleasurable retirement. Investing in precious metals is
best compared with the traditional savings through paper money
Why precious metals?
It is important for baby boomers to open GOLD individual retirement accounts ( IRA) .They
work like other types of (I.R.A’S) .The only difference is that a GOLD IRA store approved
precious as a way of saving. Owning physical precious metals is important because they
appreciate in value. In case inflation takes place, the investment will insulate them against the
impacts. Secondly, they are liquid investments which are easy to buy and sell. With physical
metals, transactions are easy. The seller determines the market prices for gold or silver per ounce
after which they will agree with the specific buyer. Thirdly, the demand for physical precious
metals is always high and the supply low. This explains why owning a few of them will remain a
wise idea for baby boomers.
• Gold
The history of this special yellow metal is as old as man himself. Though history books do not
accurately capture when man started using gold, it is still clear that in 3000years b.c, and gold
was there. The legendary priests and pharaohs commonly used it for adornment.
In 1732, Gold was adopted for the first time as a new standard currency valued at $19.30 per troy
ounce and since then, its value has been growing. In the year 1834, the value of gold as a
currency rose to $20.67 per troy ounce and it remained that way for the next 100 years. Come
1934, the then U.S president raised its value to $35 troy per ounce as an emergency measure to
boost the economy. The great economic depression adversely affected it.
• Silver USD
Silver is a precious metal rated second from gold. The history of silver dates from 3000b.c. when
the ancient men discovered it on the surface of the earth. He started using it as a medium of

2. exchange. Because of its malleability, man used silver to make jewelry and artifacts. In the year
1872, U.S started using silver for coinage. It became currency until the year 1965. From the
20century, more uses were discovered such as clothing, medicine and dentistry, and water
purification among others. These new uses led to the increase in demand for silver. The major
producers were Mexico and Canada. By and by people discovered the importance of silver as an
investment. Today, there is an ever -growing demand for the same
• Palladium
This metal was discovered in the year 1801 by a British chemist (William Hyde) who was trying
to achieve pure samples of platinum. He mixed platinum with a mixture of hydrochloric acid and
nitric acid. He named the product “Palladium” which is a member of platinum group of metals.
The major producers remain Russia and South Africa though the demand is overwhelming. car
manufactures are the biggest users of palladium in making catalytic converters. It is also good in
making jewelry. With the growing demand for palladium as an investment calculator, there is
need for more producers to meet this need and many more.
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