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Precious metals like gold have been recognized as a store of wealth for so many years. There is a limit to the number of precious metals produced in a year, and their scarcity causes them to increase in value. The major

precious metals are gold, silver, and platinum. Precious metals always have intrinsic value because they are tangible and are not controlled by governments or financial institutions. Precious metals like gold have outstanding advantages and are beneficial for many investors.

Benefits of adding gold and other precious metals to your portfolio

Diversification

Diversification of your assets is very essential. Most people hold paper assets that are prone to fluctuations after every crisis. To diversify your collection, you can invest in precious metals to avoid the risk of loss after investing in only one kind of investment.

Protection

Gold and other precious metals protect your wealth from political and economic uncertainty, such as a stock market crash. Precious metals are an excellent way to prevent you from losing to inflation.

Security and privacy

After you make a cash purchase of gold or any other precious metals, the ownership is private. Your portfolio does not have to be accounted for by financial institutions and the government. Gold is not subject to forces like inflation and market crash, thus adding security to your wealth.

Liquidity

Precious metals are the most liquid assets to have as an investment. Gold bullion, for example, is valued by their weight and metal content. These metals have are not influenced by myriad factors that affect investment types.

Increasing demand

The demand for gold rises every day and everywhere. There are so many industries that use gold and other precious metals to manufacture jewelry. Besides, many countries through central banks have managed to purchase about 459 tons each year.

Over recent years, there are so many cases where stock markets have fallen, but precious metals have remained as a haven for stability and security. As long as you know why you are including gold and other precious metals in your IRA or, it won’t take you long before you achieve your long-term financial goals. For first time precious metals investors a gold IRA comparison with reviews of different gold IRA providers is a good place to start.

One should always do their own research when investing their money, and should also never invest more money than they can afford to lose. That being said, here are what we think are the 10 best stocks to own in 2020.

Amazon

This is an expensive one but if you can afford it it’s a good choice. Whatever the fluctuations in the market over the next year or so are. Game changing companies like amazon look like they are here to stay. They are increasing their lines of business to a point where they now offer grocery shopping and people actually seem to be starting to use this service in addition to all their others. Also worth noting for those that don’t know, amazon’s shopping and delivery platform is only a small part of their business, hosting web servers for millions of companies around the world is a huge part of their business.

Alibaba

Essentially the Chinese answer to Amazon, and a lot less expensive. This data powerhouse seems to be in it for the long run in the Asia market too.

Alphabet

The parent company of google, and another very expensive one. Alphabet is the owner of many companies making great advancements in tech. This is probably not one for a quick profit but instead look to hold for long term growth. However the tech industry might be sensitive to changes in the rare earth market.

Baidu

Much like Alibaba is China’s answer to Amazon, Baidu is China’s answer to google. And much like google it is developing some fantastic new technologies. Slightly more volatile than the first 3 stocks we’ve mentioned, it might be worth buying a bit and seeing where it goes. Probably not one for the investment fund though, potentially quite risky.

T-mobile

The development and rollout of 4G technology brought with it not only faster usage speeds but also opened doors to technologies that we hadn’t even thought of at the time. The widespread rollout of 5G is not expected to be any different and as one of the main network providers issuing 5G in the states, this could be one to watch in the next year or so.

Netflix

Tv has firmly gone online and it looks like it will stay there. Terrestrial TV is not as convenient and generations that didn’t grow up with it as the main source of entertainment simply won’t use it en mass. Netflix and amazon hold the market share at the moment and with increasing quality films and shows, it’s not likely they;re going anywhere anytime soon.

Raytheon

This aerospace and defence company has shown steady growth over the last few years

Organigram

The hype around legal cannabis in Canada seems to have died down a bit over the last year of so. The future of it is uncertain but at very low prices this could be one you pick up somewhat speculatively and see what happens. Again not one for the retirement fund! Very volatile.

Apple

Steady growth and cultural and market share of so many products. Apple is likely to be here for the long run. Another expensive one though!

Accenture

It’s always good to have a diversified portfolio and established consultancy companies have shown steady growth and will always be needed in the business world.

Please note that none of this constitutes financial advice, they are just our suggestions. Be safe and sensible and hopefully let your money grow!