10. Precious metals are a great way to diversify an investment portfolioOne of the most important pieces of advice a financial advisor gives to their clients is the importance of diversifying their investment portfolio. Placing all of your savings in property or shares leaves you open to total bankruptcy should one market suddenly decline. Investing in a number of things such as gold, property and the stock market is a much safer way to secure your financial future.
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When choosing a piece of jewellery to invest in, be sure to get the piece appraised as soon as possible by a licensed jewellery appraiser. It is also wise to take out some form of insurance policy to protect your investment should the worst happen. If you already have homeowners insurance, enquire whether you can add the jewellery to your existing policy.