1. Stock Market Analysis and Personal Finance
Mr. Bernstein
Precious Metals, Gems and Collectibles, pp
May 2017

2. Stock Market Analysis & Personal Finance Mr. Bernstein
Gold and other precious metals
Often purchased as a hedge against inflation
Gold is often considered a currency which is not affiliated with any particular country or government
Gold often rises when people believe war or other political uncertainties are on the horizon

3. Many believe that Gold will rise over long periods of time
Gold, 1994-present
Many believe that Gold will rise over long periods of time

4. Gold and the USD, 1981-present
A negative correlation: Gold and the US Dollar often move in opposite trends …does this increase or decrease risk?

5. Stock Market Analysis & Personal Finance Mr. Bernstein
How can one invest in Gold or other metals?
Stocks whose price moves with the metal (ie gold mining companies)
Gold bullion
Coins or jewelry
ETFs

6. Stock Market Analysis & Personal Finance Mr. Bernstein
Other Precious Metals
Silver, Platinum, Palladium
May have industrial uses
which can affect price

7. Stock Market Analysis & Personal Finance Mr. Bernstein
Precious Gems
Diamonds, Sapphires, Rubies, Emeralds
Wear as jewelry or store in safe deposit box
Get stone certified by
independent laboratory*
Thought to be inflation hedge
Can be illiquid, with high transaction costs
*- Note ratings can be inconsistent and are not guaranteed to relate to market value

8. Stock Market Analysis & Personal Finance Mr. Bernstein
Collectibles
Examples: Rare coins, art, antiques, stamps, rare books, sports memorabilia, rugs, ceramics, guns…cars?...wine?
The internet has made buying, selling and following collectibles efficient and convenient
Quality can be difficult to determine online
Learn all you can before buying and work only with reputable dealers or auction sites
Beware of fraud!