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Act Decisively to Invest in Precious Metals
Investors should avoid paralysis in their decision-making and take action when considering purchases of metals like gold and silver. A recommended approach involves allocating 5 to 10% of investable assets; for instance, on a $500,000 portfolio, that equates to $25,000 to $50,000 in precious metals. Instead of waiting for the perfect moment, which may never come, it is wiser to commit a portion of the desired investment, such as $20,000, now, breaking the inertia. By doing so, investors can capitalize on potential price increases, as gold is projected to rise to between $2,500 and $3,000 and silver towards $35. Acting promptly will ease future transactions and reduce frustration linked to missed opportunities.