It was as late as 2009 that I decided to park my money in an investment that would provide me with handsome returns down the road. I had a hefty amount of my salary left after purchasing requirements for the entire month and after paying my utility bills. The rate of inflation was so high that I wanted to save money to ensure that I would be financially independent after retirement. I had several options to choose from like opening a term deposit with the bank, investing in mutual funds, and shares. The interest provided by term deposits is so low that it does not match annual inflation. In simple terms, the purchasing power of a Dollar will fall by 60% in 10 years, whereas the interest provided by banks would be approximately 25% of the principal amount for the same period. I have witnessed the global financial meltdown of 2008 and how it caused huge losses to share holders. The swings of the share market controls the net asset value of mutual funds, especially those that have a high exposure to equity and pay the maximum returns, therefore investing in them was out of the question.
Precious metals seems to be my best option
After checking all options, I decided to invest my money in precious metals – palladium for sale review. I had noted that the prices of gold did not fall too much during the financial crisis of 2008. While I have several options to choose from, I opted for palladium because it provides the best returns over a specific period. My problem was where to buy palladium from. I was not sure whether I should buy palladium online, keeping in mind the number of fake sites that proclaims that they sell this precious metal but ship ordinary metals coated with palladium. Apart from that, I also needed to know whether I should purchase palladium coins or buy palladium bars. Since I had no idea about this metal, I decided to get in touch with one of my friend who is an investment guru. He told me that I could safely invest my money in palladium. He also told me about the factors I should check before I buy palladium bars online from any online store. He told me to check the authenticity of the store and whether it deals directly with mints. They are the best place to buy palladium and ensures that I will get the highest purity of this precious metal when I purchase it from them.
The law of averages
The next question was how to buy palladium bars online. I found out that investing a fixed monthly amount for purchasing this costly metal is the best method. When I buy palladium UK using this method, I get a smaller quantity when the prices of palladium – palladium investment reviewed increase and a bigger amount when its prices decrease. I suggest this method to investors who query how to buy palladium. I told them that they could also buy palladium coins. I did buy palladium every month despite receiving warnings from many friends and colleagues that I would lose my hard earned cash if the financial markets crashed again. I proved them wrong when I decided to sell a part of my investment to meet a financial emergency. I searched online for the term we buy palladium and sold my palladium to them. My friends were astonished to see that I gained profits in excess of 100% in just eight years. I strongly suggest that you too opt for palladium investment to get the best returns and purchase your requirements from a reputable store that offers palladium for sale.