It seems like gold has taken a backseat to the other new investment methods out there. However, that hasn’t stopped people from staying interested in gold and investing. That’s why an estimated 12% of the American population still owns gold.
The good news is that you don’t have to lug around gold bars when investing in gold if you don’t want to. Use the following gold investment strategies to grow your net worth with gold.
Gold Bars and Coins
If you want to keep things simple when investing in gold, investing in physical gold is the best choice. You don’t need to rely on other companies to keep your investment safe, so there’s less risk of losing your investment and keeping your gold investment profits.
However, you will need a way to store the gold yourself. If you have a large amount, you may have issues taking care of things. You’ll also need security in place or keep your gold out of site where people can’t find it.
A gold certificate is great for people who want to own gold and don’t want to store it on their property. A gold certificate is something you can purchase that allows you to redeem it for gold.
A company holds on to your gold at a secure location for you. You can redeem it for physical bars at any time or sell your certificate for the current price of gold.
An ETF is an excellent choice if you don’t want to deal with physical gold or rely on a company to store it and still want exposure to gold assets. An ETF is a fund that invests on your behalf and tracks the price of gold.
One benefit of doing this is that it’s easily tradable on the market. You have to find a physical buyer if you want to sell gold bullion. With an ETF, you can trade it easily with a few clicks of a button on your computer.
Do you want to buy gold to store value for retirement? If so, the gold IRA is a great option.
A gold IRA like the ones seen at http://www.raremetalblog.com/patriot-gold-group/ allows you to buy gold and use a custodian to hold everything for you. The gold gets stored at a secure location, which means everything is kept safe. There are also tax advantages to a gold IRA, so make sure to look into your options.
You don’t only have to invest in gold commodities when investing in gold. You also can invest in mining operations that bring new gold to the market.
Many public mining companies allow investors. Look into your options and find reputable mining stocks that have a history of doing well.
Start Using One of These Gold Investment Strategies Today
Gold has a history of producing a good return on investment, so it makes sense to invest in precious metals. Luckily, there are many gold investment strategies today that weren’t there in the past. Keep the ideas above in mind when picking an investment to invest in gold with success.
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