Buying gold is the best way to guarantee
your wealth. Nowadays, as recession takes place, dollars are fluctuating and
getting a lower value than before. On
the other hand, gold increases its price as years go by, and it has been continuously
used as the real basis of money’s value.
These are ways to do them:
·
Buying gold items or gold coinsand bullions. This is done by obtaining minted gold coins produced by the government.
Some of the popular ones include American eagle gold coins and South African
krugerrands. These often have higher value, thus, more expensive than other
types of gold, but are sold in a lower, premium price.
·
Obtaining gold investments
through mutual funds. This is an
alternative for you, if you don’t want to buy gold physically. Find a company
who’s doing it and invest your money, much like being a partner. You can do
this by investing in funds that holds stocks in a well-established company.
·
Through gold ETF. Exchange
traded gold or ETF is the newest way of investing. You will invest your money and obtain
units. Each unit (1 unit=1gram of gold)
represents 99.5% pure gold and these units can be traded like a company’s
single stock in the stock exchange market. It allows the investors to mount up
gold in a certain period as they can exchange it in smaller numbers or
quantities.
·
Junior gold stocks are another
way to invest in gold. Though they are considered risky investments because
they are still in exploration stage, they have less capital and they rely
solely on their future production.
·
Gold futures. This is done by
making a deal to trade gold now (agreeing to prices and amount to be bought),
but settling the deal in the future, usually after 3 months (but this mostly
depends on the agreement). This is considered to be risky because a change in
gold price determines the loss or win of the investment. That is why this is
usually done by most experienced investors.
·
Spot gold trading. This investment
requires the least capital of them all. You can do this by going online and
then buying certain gold coins or bullion at a specific amount. Selling and trading can be done online so
it’s much accessible and practical. It also brings higher profit at a low
capital cost.
·
Buy real physical gold bars.
Ultimately, they are safe as you own the bars, the only thing you need to worry
now is where to keep them.
Gold is robust and dependable. It
counters the effect of inflation and exchange rate fluctuation. It also sets
the real value of money that is why it is best to get them. In this sense, I
can say that wealth is where the gold is.
You may want to read "Gold - A Smart Investment?" too.
You may want to read "Gold - A Smart Investment?" too.