Investments in commodities and precious metals can be made indirectly through stocks, mutual funds, ETFs, or derivatives or people can directly buy or sell the commodity or precious metal itself. Commodities may include crude oil, coal, sugar, coffee beans, wheat and other goods. Precious metals are gold, silver or platinum. Interest in precious metals has increased in recent years as the price of gold and silver has reached all-time highs. These commodities and gold are bought by investors primarily to hedge against inflation, economic uncertainty, and foreign exchange risk, in the belief that these metals, particularly gold, are repositories of absolute value, whereas paper currencies and securities dominated in such currencies have relative value and are vulnerable to loss. The high value of gold and commodities lead to easy money for scammers. It attracts more vigorously of fraudulent activity. There are many types of common tricks that are actually uncommon to ordinary people.
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2 years ago