People are turning away from the markets for investing. There are too many concerns about the future of finance. The stock market is fickle, and the current state of inflation is wiping out worth left, right, and center. For a fun long term investment with the possibility of a big profit down the road, check out these collectibles, and turn your hobbies into a revenue stream.
Gold Sovereign Coins
This collectible investment is a great hobby and holds its value over time as it is made from one of humanity’s most prized commodities; gold. The Gold Sovereign of the United Kingdom is one of the world’s most recognizable coins and can still be used as legal tender in some places. The coins have a long and rich history, dating back to their first use in 1489. They were often issued to sailors and soldiers of the old British Empire to buy their freedom if captured, which adds to the allure of the older coins.
New ones are still being minted now, and they are the signature product of the UK’s Royal Mint. Take a look here to see some of the sovereign varieties available to you from Physical Gold, the United Kingdom’s premier gold bullion supplier. They have decades of experience in physical commodity trading and have been handling gold sovereigns for years. If you want to find out more about these excellent collectible investments, you should start there.
Fine Art
This investment is often thought of as the preserve of the elite, out of reach of the average investor. This is not the case though. Many investment companies are sprouting up that allow you to buy a piece of a modern art masterpiece and even some well known classics. Obviously, you do not receive a piece of the painting in the mail, as this would greatly reduce its value. You buy a percentage of the ownership of the artwork, and when it is sold you receive a corresponding amount of the profit.
If you have an eye for art, or even if you don’t, this can be a fun way of making consistent profits. If you do have enough money to buy a whole painting or sculpture on your own you should definitely investigate some fine art investments. The level of growth art can experience is hard to match anywhere else. Some paintings can grow in value by 100, 500, or even 1000% if you buy them early before an artist hits peak fame.
Gems, Jewelry, And Watches
A kiss on the hand may be quite continental, but diamonds are an investor’s best friend. Well, in truth, profit is an investor’s best friend and gems like diamonds, rubies, emeralds, and other precious stones can be a great way to find it. The demand for these rocks of wealth never dies, especially for diamonds. Every year people are taking a big step in life, buying a diamond ring, and getting down on one knee. Where there is supply and demand there is also profit.
You may have a goldmine in your jewelry box already if you have some antique hand-me-down earrings, bracelets, or necklaces that have been adorned with gems. Have your existing collection assessed and see if you are sitting on a goldmine. Watches are another great hobby that can bring in the big bucks. Older watches can be worth a small fortune compared to their original selling price, and contemporary watches from niche brands can often shoot up in value very quickly allowing you to realize a profit in just a year or two.
Automobiles
Do you have a car obsession? You can turn your interest in automobiles into a profitable sideline if you pick your makes and models right. Flipping cars can be as profitable as flipping houses, but it has a lot of benefits over investing in property. They are much easier and quicker to buy and sell, and you can enjoy driving a car for a while before moving it on for a nice bit of extra cash.
During the global pandemic, the prices of used cars skyrocketed as supply came to a standstill while demand remained the same. The market has still not fully recovered and there are plenty of opportunities to profit if you buy the right kind of vehicle. Trucks and SUVs are still in high demand while experiencing supply chain problems, and stick-shift sportscars are going to be the next big thing in used autos. There are fewer and fewer exotics and sportscars available with a manual transmission, and enthusiasts are having to turn to the used car market to get their stick-shift fix. Buying one of these could net you some big profits in just a few months.
All of these collectibles are fun hobbies that can pay for themselves over time. You can enjoy the fruits of your investment for a time, and cash in later in life to help fund your retirement or a vacation, or anything you else like.
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