“Should I invest more in precious metals now?” – A conversation with a notary friend

Recently, I was sitting with a good friend – he is a notary, analytical, cautious, and used to weighing risks precisely. Between legal texts and espresso, he suddenly looked at me and asked:

“Tell me – should I actually invest more in precious metals now?”

A seemingly simple question. But as always when it comes to wealth, there is much more to it.

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1. The desire for security – but please without a crystal ball

We live in turbulent times: inflation, geopolitical tensions, debt policy. Many people are now considering whether precious metals could be a stable anchor.

My friend wanted – typical for a notary – the perfect answer, based on facts, as free from emotion as possible.

But there is one thing I always say first: No one can time the market. Not with gold, not with silver, not with stocks.

Those who believe they can catch the perfect moment are statistically almost always wrong. And precious metals in particular are known for fluctuating in the short term – but reliably maintaining their value in the long term.

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2. The cost-average effect as an “anti-stress strategy”

I explained to him:

“If you don't know whether you're buying at too high a price – then just buy regularly.”

That is exactly what precious metal savings plans are created for. Through the cost-average effect, you smooth out price fluctuations:

• If the price is high → you get less gold.

• If the price is low → you automatically get more.

Over time, this creates a more stable average entry point than a large lump-sum payment at the wrong moment.

My friend nodded. He is a lawyer – and lawyers like everything that spreads risks and defuses psychological traps.

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3. Which precious metals make sense?

Then came his second question:

“Okay, but which precious metals should I prefer?”

I gave him the following overview:

• Gold: The classic. Globally recognized, extremely liquid. Perfect as a long-term store of value.

• Silver: Industrial metal. Fluctuates more than gold, but has high long-term demand from solar and electronics.

• Platinum: Heavily dependent on industry and automotive manufacturing. Interesting, but more of a supplementary addition.

• In essence:
  Gold is the foundation. Silver is the more dynamic supplement.

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4. “Should I buy more now?” – The real question

His original question was not whether precious metals make sense.
He wanted to know:

“Is now the right time?”

And my honest answer was:

“The right time is always when you invest for the long term –
and don't try to predict the next fluctuation.”

Especially people with a high sense of responsibility – like notaries – tend to wait for the “perfect” moment. But that moment rarely comes. And often it is only visible in hindsight.

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5. How Spargold facilitates such decisions

At Spargold, we offer solutions specifically designed for this:

• Flexible savings plans that run monthly, quarterly, or individually.

• Gold, silver, and platinum in physical form, stored securely and insured.

• Viewable at any time, transparent and fair.

• And above all: No market timing necessary.

That gave my friend the most pleasure – the realization that he doesn't have to become a hobby trader just to build up sensible reserves.

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6. What he decided in the end

After an hour of conversation, two espressos, and some charts on my phone, he said:

“You know what? I'll just invest regularly. I want security – but without the drama.”

That is exactly what it is about.

Precious metals are not a speculative object, but a piece of financial sovereignty.
And a savings plan turns it into a habit instead of a gut feeling.

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Would you like to find out for yourself which precious metal mix suits you?
👉 Download the Spargold app now: www.spar.gold/de/app