4 Reasons to Buy Gold and Silver Bullion from Your Local Pawn Shop

4 Reasons to Buy Gold and Silver Bullion from Your Local Pawn Shop

If you are looking for the best way to make an investment then you should seriously consider buying gold and silver bullion from GNJ Pawn Big. We also buy a variety of gold and silver items including dental gold, gold dust, and platinum. Feel free to call us at (661) 224-1999 or stop by to learn more about your options.

  1. To Diversify Your Investments
  2. Any financial manager will tell you that one of the best ways to reduce risk on your investment portfolio is to diversify. This means not putting all of your eggs in one basket. You may want to buy stocks, bonds, etc., but adding gold and silver bullion is a great way to add a low-risk investment that may end up working out better than keeping cash or bonds on hand.

  3. To Have a Safe Haven if an Economic Crisis Blooms
  4. You never know when an economic crisis could hit. When that happens, stocks, bonds, and cash can be extremely vulnerable. On the other hand, gold and silver both have real, tangible value. As a result, they tend to weather economic crises better than other investment options.

  5. They Are a Hedge Against Inflation
  6. If you had taken out $100,000 in cash twenty years ago, that money would be worth less today than when you took it out. Why? Because of inflation. On the other hand, the price of gold and silver has historically grown with inflation or even exceeded it. Part of the reason is that the price comes not from the United States but from the world market. As a result, if the U.S. dollar and other currencies decline, this does not necessarily mean that the value of gold and silver will decline.

  7. It’s an Easily Transferable Asset
  8. If you try to transfer $1 million from your bank account to the account of a friend or family member, it will be tough. If you leave your children each $5,000 in cash, they will be legally obligated to pay tax on it in many situations. On the other hand, you can essentially give a tax-free gift to set up your loved ones with generational wealth. Of course, you should talk to your CPA to determine any tax liability you or your heirs may incur.

We Buy and Sell Gold and Silver

Are you curious about how much we are selling gold and silver for? The truth is that the price changes not just daily but sometimes by the hour. Likewise, if you want to sell us gold and/or silver, the price we are willing to pay will vary based on when you want to buy it. If you are curious about current rates, please call GNJ Pawn Big at (661) 224-1999. Or, better yet, stop by and see us in person.