Sellers of gold have remarked that woman involve themselves with precious metal investing far less than men. However, when woman start to look into making the investment, they do a far better job than men do.
The male ego blushes at this claiming woman are too emotional. This could be true as much as men may not be emotional enough. It simply doesn’t matter in precious metal investing. Women tend to be much more cautious when starting the investment inquiry. During the process they demonstrate a higher awareness of personal shortcomings, and, they make decisions only after they feel they have addressed this deficit. Men often decide on the information they have, acting like they should know everything once they believe what they are doing is what they should be doing. This may work well in many situations. In gold and silver investing this leaves out much of the right kind of information.
Gold brokers anonymously admit that woman investors are often difficult to sell at first. Women tend to proceed with caution and act with the following characteristics that make them smart precious metals investors. Maybe brokers don’t like hard start, even though women are more balanced buyers in the long run. Here are a few reasons women are better investors when it comes to silver and gold.
Five reasons women excel in precious metal investing
Women are patient with investing. Patience in gold and silver investing is a key to success. Woman will wait for a level of comfort before pursuing the investment. If the comfort zone isn’t there, the broker might as well start over as a female investor will usually not buy when out of a comfort zone.
Knowledge before Buy
Women are typically aware of what they don’t know, and what they in general want to learn what they don’t know before proceeding. Many might say investing in commodities of silver and gold is largely a man’s world. Ask a broker and many will say it most certainly is a man’s world and there are very few women who excel in it. A few women excel doing very well for themselves.
Women build a relationship in their gold and silver business dealings. Sales people observe men willing to start a short term anything if it is something they believe they want. Women seek trust building face time and business contact. If this is rushed, a woman more than a man will simply move on to another sales person willing to provide the relationship.
Checked the Ego
From a broker’s perspective, women seem to have their egos in check. A salesperson is less likely to succeed in selling gold and silver by pushing a reason associated with the ego. Ideas based on ego such as keeping up with others, survivor instinct of us against them, or even vanity carry little weight with the woman investor seeking gold and silver.
Many men admit that women have better instincts. When women trust their instincts they do better than men in the investment selection process. Sales people have to learn to trust their instincts to develop and succeed in placing investments that work for customers. Instincts have a two-fold aspect that is part of the makeup women have and the societal factors forming their instinctual behavior.
This last aspect, instinct is what most women need to work on to develop as successful investors. Women who trust and leverage their instincts find this to make the most difference in their success in silver and gold investing.
Tips for Women Investors
Discuss ideas with trusted, credible, knowledgeable and neutral sources before stepping into the buying arena with a salesperson or broker. Find knowledgeable insiders to speak with and research while developing a comfort zone about the topic and a relationship. This way the actual buying is not dependent on the quality and comfort of the relationship discussed in the above five reasons. Gold and Silver brokers, specifically men, will work against the desire for relationship and comfort zones. Obtain the same information the broker might allude to, in detail from a trusted insider whose only interest is you as the client.
Men will fight to be in on the deal. More often they pull the trigger on impulse, before they have all the facts. Because men tend to want information from people who do the deal, the people who do the deal have an upper hand all the way. Salespeople perceive doing business with men as better because of the upper hand. Women who perceive the salesperson’s need to control the deal can move on or find ways to work around the directives imposed by seller with relevant questions.
Women break down the buying process into small segments and spread the decisions farther apart. Most gold brokers will work hard to prevent this thinking. It is part and parcel of the survival of the gold and silver brokerage business. Women make better gold and silver buyers as they approach the purchase with full consideration and due diligence.