Options to invest in gold: 7 main methods to invest in gold
As a long-term gold investor, I first became interested in gold in 1998, I have seen the options to invest in gold increase enormously over the years along with the price of gold. In that year, without any advice on how to invest in gold, I opened my first gold investment account (in the equivalent of what is now a gold ETF).
Back in 1998 I was sure Gold was ready for a raise. He did not know when or how long it would take, but he was convinced that, in the long term, gold would be a safe investment. I was looking for a commodity speculation, or a headlong run into the financial jungle, just a long-term safe haven for money I couldn’t afford to lose, and would you believe it? I chose gold.
Anyway, a year later, the bank announced that they would close the fund as the gold would go nowhere. British Chancellor Gordon Brown obviously agreed. It sold 400 tones of UK gold reserves when the price was at a 20 low for the year. Have you ever felt out of place? Since then, the price has nearly tripled, meaning that Brown’s decision cost the taxpayer approximately $ 3.5 billion. (It just shows you, don’t listen to the banks and the government.) For deeply ingrained economic reasons, the inexorable rise is likely to continue.
We now have an eclectic mix of options for investing in gold. The variety of gold investments on offer has never been so great, allowing the more conservative investor to place a relatively risk-free bet on the metal, and giving the more risk-prone investor the opportunity to prepare in the hundreds and at times, thousands of percentage points. as the price of gold increases.
These are some of the main options to invest in gold
- Stocks – Unlike gold bullion which is considered a safe haven, unhedged gold stocks or funds are considered risky and extremely volatile. Good career guidance is recommended.
- Gold Mutual Funds : invests in a wide range of mining stocks that allow the investor to extend their risk.
- Exchange Traded Funds (ETFs) – This is a single stock that represents the foundation of an index, in this case a gold index. The stock is backed by sell gold bullion holdings (we expect)
- Oriented ETFs : allows the investor to bet on the movement of gold, up or down, and can pay up to double the increase or decrease
- Perth Mind Certificates – These are issued by the Perth Mint and backed by the Western Australian state government, one of the safest places to store your precious metal. PMCs are a convenient way to buy and hold physical gold (or silver or platinum) without receiving personal deliveries, and they provide investors with a way to store gold or silver abroad.
- Gold Coins and Bullion : The most traditional way to invest in gold has always been to buy gold bullion and coins. Bullion coins are legal tender, produced by government mints and sold at a low premium.
- Gold Futures – Futures trading is possibly the cheapest way to buy gold, but only for the most sophisticated high net worth investor.
Gold is an investment worth considering, and it’s not too late to turn a profit. You can mix your risk by combining bullion, ETF and stocks, but for best results, expert advice is recommended. For more information, take a look at our Free Gold Report which gives you a lot of valuable background information. Test it. There is no charge. By accessing our Gold Report, you also access another valuable resource (also free), our library of articles on precious metals and commodities, this library is continually expanding. You can consult it at any time.