Gold has been a valuable resource for thousands of years and is still a robust investment today. Many investors usually opt to get exposure to gold through exchange-traded funds (ETFs), futures, and mutual funds. But if you’re looking to diversify your portfolio or hedge against inflation risks, physical gold can be a great option.

If you want to learn more about investing in physical gold, getting in touch with a precious metals broker, like Goldco, would be a good call! They’ll walk you through precious metals IRAs, rollovers, and buying and selling physical gold. And if you’re unsure whether they’re the right company for you, Goldco Reviews like this one may come in handy!

Well, let’s get right into it! Here are 5 things you need to know before investing in gold.

1. You may have to pay a premium when you buy gold

Gold is usually sold at a premium or at a seller’s markup. This premium may come from distribution, manufacturing, or other costs associated with the production. For this reason, gold that requires more labor tends to have higher premiums. 

At the same time, it may take a while for you to realize any gain since you need to overcome whatever premium you paid to make a good profit. So, before you decide to put your money in gold, make sure you understand the costs, from premium, and storage, to tax charges. 

All of that should help figure out whether gold fits your portfolio needs. But these shouldn’t keep you away from buying gold, it’s simply good advice to be aware of the costs of putting your money in precious metals investments. 

2. Physical gold comes with a collectibles tax rate

One of the best perks of investing in gold is the benefit of getting a favorable tax rate. This is because long-term capital gains are charged with lower taxes than marginal rates. 

But you should know this doesn’t apply to physical gold. When you sell gold coins or bullion, you’ll have to pay a capital gains rate, which is capped at 28% for long-term assets. If you decide to sell some of your gold, you should be aware of taxes and prepare accordingly. 

3. You can get scammed with gold certificates

Gold certificates or “paper gold” can make your investment process more efficient. But you should know you don’t actually see or get to hold the gold, and your only evidence is paper. 

Scammers will be out to get you, especially during economic turbulence. Beware of those who claim to sell gold certificates during these times. More importantly, if the company is new and only has several reviews from clients.

If you choose to invest in paper gold, verifying the broker’s reliability should be your priority. Chances are, the company you’re working with might have already sold the same gold multiple times!

4. How gold stocks are different from physical gold

Another popular means of gaining exposure to gold is investing in gold stocks. Keep in mind, though, that the shares of stocks are not only affected by gold prices but are also correlated with the current profitability and expenses of the company you’re investing in. That means you may still be susceptible to similar market risks as with any other stock. Depending on the situation, your gold stocks might go in the opposite direction or fall in value when the market is down. 

5. The drawbacks and risks to investing in gold

Like any other investment, there are some drawbacks and risks to consider when investing in gold. One drawback of buying physical gold is the associated storage and insurance costs. Unlike stocks and bonds, a Gold IRA account, for instance, requires your metals to be stored at a secured depository facility which incurs annual storage and insurance fees. 

The opportunity cost of putting your money in physical gold instead of stocks that distribute quarterly dividends or bonds with interest payments could be another disadvantage. Physical gold is not income-generating. So, unless you sell, you won’t get any money out of it. In addition, liquidating physical gold also requires shipment to a reputable dealer. If the dealer you’ve purchased from does not have a buyback program, you’ll need to find another dealer to purchase your metals.

Lastly, you must remember that there’s always a risk attached to your investments. While we can track the performance of physical gold using historical trends, there is no guarantee for positive returns, and they may also go down in value. You should fully take note of these risks before committing to gold.

Conclusion

Gold is a good safety net when markets are in decline, but as with any other investment, there are certain factors and risks to consider. By understanding these key concepts, you can make an informed decision about whether gold is the right investment for you. Be sure to get in touch with a qualified expert if you’re confused about anything.

There are a lot of items that dental clinics need to have in order to function – dental chairs and sterilization equipment, to name a few. It is worth considering investing in them to be better armed as a practice and for your patients to be more comfortable with the rather anxiety-provoking process of dental care. 

If you’re unsure which services you may need dental equipment for, check out 247 Dental. But there are so many dental products available on the market today that it shouldn’t be hard to find the perfect items for your dental clinic!

Dental Chairs

A dental chair is an important piece of equipment that every dental clinic should have. It is usually the first thing patients see when they come in for an examination, and also one of the last things they see after it’s done. 

Even though dental chairs don’t cost a lot of money to purchase, some dental clinics fail to consider them when setting up their premises because they think they’re not cheap and assume they will be difficult to maintain. However, dental chairs allow your practice to have more appeal to prospective patients and are easy to clean and maintain with regular use.

Dental Examination Mirrors

Dental examination mirrors are extremely helpful during dental exams. There are different types of dental mirrors, but they all have one common function: providing dentists with a better view of dental surfaces and structures than is possible without them.

For instance, there is a dental mirror that is called an endoscope. This kind of dental mirror is a handheld device that can be inserted into small gaps between teeth to look for decay or inflammation in tooth nerves or sensitive soft tissues inside the mouth and throat. It is also used for applying local anesthesia or taking x-rays on difficult-to-reach areas inside the mouth because they can be adjusted to the dental health requirements of patients.

X-ray Imaging

Another equipment you will need are dental x-rays. These dental x-rays are responsible for imaging. Dental imaging produces an image of the teeth, jaw, and throat to look for signs of damage or disease. Dental x-rays are often taken by dentists or a specialized dentistry technician.

Dental Operating Room Light

Dental operating room lights are the sources of illumination in the operating rooms and are thus very essential. Using either LED or Halogen light, operative lights provide dental care providers enough illumination for whatever they’re working on in the mouth. They are also adjustable depending on the needs of the dentists or the hygienists. 

Sterilization Equipment

Most dental equipment needs to be sterilized after it is used so it doesn’t infect the patients. A dental clinic may have one or more sterilizers in order to carry out the sterilization process. The dental clinic’s instrument storage area should also contain an instrument sterilizer for disinfecting dental instruments that must be stored so they can be readily available for use.

Dental Handpieces

Handpieces are instruments that use electric or air-driven power to cut hard and soft tissues in the mouth. There are many different types of dental handpieces that can be used for various dental procedures. To achieve excellent results in your patient’s dental care, it’s important to have them ready and to understand how each works.

To Conclude

Dental clinics are important for dental health, so it’s no surprise that there is a lot of equipment necessary to maintain one. When you’re looking at dental clinic equipment, consider your specific needs and the number of patients you’ll be seeing each day in order to decide which items will best suit your dental practice. 

Did you ever have to use an establishment’s restroom but were greatly turned off by its unsightly toilet bowl or dirty floors? It’s a shame. Sadly, many offices and buildings are remembered for their uninviting spaces. If you are a business, you certainly don’t want to be in the same predicament. One thing you can do is to hire a commercial cleaning service. Commercial Cleaning Edmonton is a great choice if you are in the area.

So, why is getting a cleaning service a solid investment? Here are 6 irrefutable reasons!

6 Reasons To Invest In A Cleaning Service

Great First Impressions

Just imagine your visitors seeing an unsightly toilet bowl, a dusty carpet, smudgy window panes, muddy floors, and an untidy reception room. What message would all these send them and potential clients? Now compare this to seeing unblemished toilet rooms, squeaky clean windows, an uncluttered reception area, and polished floors. The difference could either send your visitors out or invite them in.

Improved Productivity

Research has shown that workers are happier, and are thus more productive, with a clean and hygienic workplace. Likewise, such offices help protect your employees from the health-related effects of dirty surroundings. If you want your people to maintain high-cognitive functions to focus on work while protecting their health, investing in a cleaning service is imperative. Otherwise, you can have them waste their time cleaning floors when you know it could be better spent elsewhere.

Boosts Morale

By keeping your premises clean, you show your employees that you do care about their well-being and in providing a better place to work. This boosts their morale and will ultimately benefit your business in various ways. This will translate to how they’ll entertain your visitors and do their jobs better with pride. All these great values can all start by hiring a commercial cleaning service.

Saves Time And Money

You may think a commercial cleaning service is an unnecessary spend. You may be tempted to hire a personal cleaner or designate office employees to take turns in cleaning in an attempt to save cost. Sure enough, your office will look tidy for some time only to reoccur – next time with more time-consuming tasks and harder-to-reach areas. 

Choosing to work with professional cleaners will save both the time of your staff cleaning and money for the long term. Doing it right the first time is key to a better and more cost-efficient cleaning.

Theft Prevention

Less reputable service providers impose little to no screening processes with their cleaners. This will compromise the safety of your office and everything in it. The typical concerns are with money, IT equipment, and personal items. This can be compounded the longer it goes and the more frequently you change providers. 

With the right commercial cleaning provider, you will have peace of mind. Most, if not all providers, run background checks with every individual cleaner and will work hand-in-hand with a team. Many of them are also insured and bonded, so if anything goes haywire, you will be protected.

Customized To Your Business Needs

If budget is an issue, hiring a commercial cleaner is still an option. Their services are dependent on your needs, may it be limited to budget. If you need more than the usual cleaning – like cleaning high-rise windows, it’s all the more a better option. Commercial cleaners have all the necessary equipment and personnel training for every service they provide. If you’re unsure what you need, they will surely have the best recommendations to give that matches your expectations.

Conclusion 

Whatever the times, getting a commercial cleaning service is one solid investment you can make for your business. Your premises will get cleaned and sanitized the right way. Your employees will feel comfortable, protected, and cared for. Your visitors, potential partners, and would-be clients will have good first impressions. You will keep your establishment protected while receiving the work it needs.