Page 97 - Introduction to investing in Gold

Ongoing work (contd.)
Get appropriate financial advice from someone who understands what you are looking to achieve. Make sure you are clear about what you want, and you’re happy with their suggestion (s) about how you’re going to get it.
If you use a professional financial adviser, then make sure you’ve got a good set of questions to ask them. You then need to be happy with the answers before proceeding.
Even if the answers make sense, I’d still ask them how they’re remunerated. If one of their answers means they get paid more, then get them to justify it. Don’t get me wrong, it may be the appropriate advice, but it's still worth checking.
Find out what experience your financial adviser has in providing advice in this sector. Have they advised people before, and if so, are you getting the same advice? If so, is it right for you?
Keep an eye on this ratio (I cover this in my program). If it falls outside the historical range of 60:1 to 89:1, you may want to think about whether one metal is over or undervalued compared to the other.
Look into the reasons why the range has changed – is it clear?
If you invest in an ETF, you should monitor the performance on a regular basis.
Do your reasons for holding the ETF still hold true?
Make sure you are clear as to what the “links in the chain” are. And, more importantly, be comfortable with them.
Regularly look at your investments.
Decide whether the reasons for making the investment still hold true. If they don’t, you need to get advice about whether or not it makes sense to sell.
Make sure your investments suit your current circumstances, which may change.
Make sure your investments are in the appropriate category. For example, you might start investing in a company with a long-term view, but if it does well over a shorter period, you may change your mind and view it as a more medium or even a short-term investment.
Be aware of what could impact the value of your investments and monitor this.
92