Gold is fast becoming the only safe and secure way to invest, thanks to the current financial downturn. This means that many of us are out of our comfort zones when it comes to buying a physical product. After all, potential buyers are not encouraged to walk into a gold shop and make a purchase. The type of gold you should buy depends on how much you intend to get and your circumstances. There are four basic types of gold suitable for investing in. They are: gold coins, bullion - or gold bars, gold funds, and gold shares.
Gold coins and medals have the advantage of being lightweight and easy to store in smaller quantities. They can also be very beautiful, though it's best not to tell too many people that you are keeping medals or coins in your home or work place. Although it would be foolish to display stacks of gold coins publicly, a small amount locked away in a secure cabinet is fine. Having said that, security must be your primary concern and this, plus insurance increases, will add to the cost of this type of investment.
One perceived drawback of investing in gold coins is that they will usually cost you more than the intrinsic value of the metal. If you buy old gold coins or medals, it's almost certain that the antique or collecting value of the item will add to the price you pay. Rather than consider this a downside, you should be pleased. This can be good for your investment, especially in the long-term. You should think carefully before you melt down any old item purely for the price of the scrap. Many people consider it an atrocious act of destruction when old artifacts are destroyed purely for the value of their metal content. It's generally a bad move, because you could well be killing a much higher long-term value.
Using a bullion dealer to buy gold bars is the traditional way of buying bullion. In this age of the internet, you can also try Ebay and other online sites that exist to offer gold for sale. But you must be very careful and only buy from a source you are confident will not rip you off. If a deal looks too good to be true, then it probably is. As with gold coins, you will have insurance, storage and security issues, so factor those into the cost of your investment. One alternative is a gold certificate scheme, which are now operated by various bullion traders. The main advantage is that you can ride with rising metal prices without having to store the gold yourself.
Gold Exchange Traded Funds - or ETFs - have been around since late 2003. They are a way of investing in "movements in the gold price" without having any physical contact with gold yourself. The only ones I advise you to consider are those backed by assets of physical gold.
Despite the ever increasing cost of gold, gold shares have reduced overall since this current economic depression began. Experts say that this is as a ultimate result of the stock markets worrying about increased mining costs generally. If this is the case, I cannot see the trend continuing. As the price of gold rises, so will the share prices of the more productive mines. My tip for you is to invest in stock in a mine predicted to step up production. My other preferred option is to start off with a small number of gold coins.
Gold coins and medals have the advantage of being lightweight and easy to store in smaller quantities. They can also be very beautiful, though it's best not to tell too many people that you are keeping medals or coins in your home or work place. Although it would be foolish to display stacks of gold coins publicly, a small amount locked away in a secure cabinet is fine. Having said that, security must be your primary concern and this, plus insurance increases, will add to the cost of this type of investment.
One perceived drawback of investing in gold coins is that they will usually cost you more than the intrinsic value of the metal. If you buy old gold coins or medals, it's almost certain that the antique or collecting value of the item will add to the price you pay. Rather than consider this a downside, you should be pleased. This can be good for your investment, especially in the long-term. You should think carefully before you melt down any old item purely for the price of the scrap. Many people consider it an atrocious act of destruction when old artifacts are destroyed purely for the value of their metal content. It's generally a bad move, because you could well be killing a much higher long-term value.
Using a bullion dealer to buy gold bars is the traditional way of buying bullion. In this age of the internet, you can also try Ebay and other online sites that exist to offer gold for sale. But you must be very careful and only buy from a source you are confident will not rip you off. If a deal looks too good to be true, then it probably is. As with gold coins, you will have insurance, storage and security issues, so factor those into the cost of your investment. One alternative is a gold certificate scheme, which are now operated by various bullion traders. The main advantage is that you can ride with rising metal prices without having to store the gold yourself.
Gold Exchange Traded Funds - or ETFs - have been around since late 2003. They are a way of investing in "movements in the gold price" without having any physical contact with gold yourself. The only ones I advise you to consider are those backed by assets of physical gold.
Despite the ever increasing cost of gold, gold shares have reduced overall since this current economic depression began. Experts say that this is as a ultimate result of the stock markets worrying about increased mining costs generally. If this is the case, I cannot see the trend continuing. As the price of gold rises, so will the share prices of the more productive mines. My tip for you is to invest in stock in a mine predicted to step up production. My other preferred option is to start off with a small number of gold coins.
About the Author:
www.bestplacetobuygold.com for gold help. And take a look at this gold scrap site.
Nenhum comentário:
Postar um comentário