Saturday, February 13, 2010

Precious Metal Investing

I have been dabbling in the stock market for a few weeks now, and have been searching for the best investments for long term investing as a way of building up an IRA account. One product that I have wanted for a long time to get a chance to invest in is the precious metals market.

I was not sure that I would be able to buy gold bullion in the same way that I might buy stock in a company, but I have discovered it is not only possible, but I can invest in several different kinds of metals including the recently launched Securities Physical Platinum Shares (PPLT) and Physical Palladium Shares (PALL).

PPLT and PALL are physically backed exchange-traded funds that allow investors to invest in physically backed holdings that are equal to one share equals one tenth of an ounce of metal. For PPLT and PALL the metals are, respectfully, platinum and palladium.

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