7k Metals CEO Shares Gold & Silver Insights
The 2024 announcement of a state-of-the-art silver and gold depository near Boise has started to turn heads in the financial world. Dubbed “bigger than Fort Knox,” this secure facility gives Idahoans a local option for storing their precious metals safely.
But, as Jayson Arfmann, CEO of 7k Metals, points out in a LinkedIn op-ed, there’s a big question that needs answering: What if you don’t own any gold or silver to store in the first place?
Highlighting a 2024 survey by Gold IRA Guide, Arfmann reveals that only 10.8% of Americans own gold and just 11.6% own silver. For such a hot commodity, why aren’t more people invested in precious metals? The answer, he argues, lies in intimidation.
“For many, precious metals have the reputation of being a rich man’s game,” Arfmann writes. “And with so much misinformation out there, it’s no wonder people feel hesitant to get started.”
Arfmann believes that education is the antidote to this hesitation, and his op-ed outlines three actionable steps for anyone looking to begin their journey with gold and silver:
Understand the Why:
Before diving in, take the time to learn why precious metals are valuable. Arfmann suggests starting with the basics—like understanding the difference between bullion and coins—and researching how these physical assets can be a stepping stone to financial security. “Most people have liabilities and don’t know what assets are,” he notes. “Gold and silver are among the easiest and most affordable physical assets to begin growing.”
Make a Plan:
Jumping into the precious-metals market without a plan can be overwhelming. Arfmann recommends assessing your financial situation and creating a budget. Starting small is okay—even a modest investment can make a difference. And while not everyone will need the services of a depository, having a plan will build confidence and mitigate fear.
Find Trusted Partners:
Building trust is key. Arfmann encourages new buyers to connect with others who have successfully navigated the precious-metals world. Recommendations from experienced collectors or positive online reviews can be a great starting point. Once you’ve done your homework, making a small initial purchase can help you gain confidence and momentum.
In closing, Arfmann offers a reminder to ignore the noise and focus on the fundamentals. “Next time you hear that gold and silver ‘protect your retirement funds’ or ‘hedge against inflation,’ don’t panic. While these statements might be true, they don’t always apply to the everyday individual. Instead, remember that gold and silver can act as a proactive financial tool anyone can access—with the right steps.”
Learn more about 7k Metals and their mission at 7kmetals.com.
