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Today, investors have two categories of precious metals to choose from: bullion and jewelry. Buying physical gold and silver in either of these forms generally involves going through a dealer. This can either be done online or in person, with reputation being the key factor in choosing, followed by markup and fees.
Moreover, the Vanguard Precious Metals and Mining Fund is best suited for long-term investors seeking an investment that primarily holds foreign securities in the precious metals and mining sector.
Investing in precious metals like gold and palladium comes with some benefits over investing in stocks, such as being a hedge against inflation, having intrinsic value, no credit risk, a high level of liquidity, bringing diversity to a portfolio, and ease of purchasing.
Here are the best Equity Precious Metals funds iShares MSCI Global Silver&Mtls Mnrs ETF. iShares MSCI Global Gold Miners ETF. VanEck Rare Earth/Strat Mtls ETF. VanEck Gold Miners ETF. VanEck Junior Gold Miners ETF. ETFMG Prime Junior Silver Miners ETF. Global X Silver Miners ETF.
Abrdn Standard Physical Precious Metals Basket Shares ETF As of late 2021, the fund's net assets were approximately 57% gold, 26% silver, 12% palladium, and 4% platinum. The ETF provides broad exposure to a basket of precious metals for a reasonable cost, given its 0.6% expense ratio.
About VanEck Rare Earth/Strat Mtls ETF The index includes companies primarily engaged in a variety of activities that are related to the producing, refining and recycling of rare earth and strategic metals and minerals.