Precious Metals Academy
Getting Started
Step-by-step roadmap from determining allocation to making your first purchase.
In short
- Choose a strategic allocation level only after considering the purpose of the holding, your overall portfolio, risk tolerance, liquidity needs and time horizon. GSP illustrates 5%, 10%, 15% and 20% scenarios rather than assigning a percentage to a risk label.
- US investors: PHYS/PSLV may qualify for long-term capital-gains treatment rather than the collectibles rules, but only if the PFIC requirements are met — including a timely QEF election and Form 8621 filings.
- A hybrid structure can combine the liquidity of exchange-traded exposure with the direct ownership of physical bullion — the split should reflect why each form is held, not a fixed ratio.
- Physical premiums (e.g., 6% on gold) create a break-even hurdle — spot must rise above your purchase price before you profit.
- Set a rebalancing rule and plan your exit (dealer buyback, brokerage sell order) before you make your first purchase.
New to precious metals investing? This step-by-step guide walks you through the process from determining your allocation to making your first purchase with confidence.