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I’m interested in gold coins. What is the best way to invest in gold?
chocolate asked:
Buy gold coins and hang on to them or buy stocks in gold investments or holdings?
Buy gold coins and hang on to them or buy stocks in gold investments or holdings?
Spread your investments. Do your research. Separate them to low, medium and high risk investments. That way if any of them are not doing particularly well, you have the others to cushion the blow.
Try not to buy physical gold. There needs to be authentication and it is really a bother to carry them around. Try to get gold certificates.
The other options is to buy a commodity ETF with gold representations. Or start a gold saving account.
If you like gold coins then the only way is to buy some and hang onto them (or find good deals, buy and resell). If you just want gold for investment reasons, you can buy ETF (exchange traded funds) that are backed by gold bullion and trade at costs that track gold price. I have one thru schwab that sells shares for the price of a tenth oz of gold, and a silver fund that sells for the price of 10 oz’s of silver.
Gold stocks don’t follow the price of gold exactly.. they can be affected by problems at their mines, etc.
You can open an free Marketiva forex online trading account , with $5 reward and $20000 virtrual fund for practice .Just click the following link to open an account.
if you really want gold in coin form, then buy Krugerrands. there will be no question to their authenticity; it is the most recognized gold coin in the world.
otherwise, you can buy a Perth Mint Certificate, which is issued by the sovereign mint of the same name in the state of Western Australia available through dealers around the world, which is a claim on physical gold held at their vault. the mint is insured by Lloyd’s of London, and the Certificate can be later sold for whatever the gold price is, or redeemed for the actual gold to be delivered to you.
you can buy gold mining stocks and that assumes the risk of the mining company itself. you can also buy gold ETF’s but there again, you assume the risk of the ETF issuer.
I would advise against the etf’s or mining stock. Barclays GLD etf can be sold at anytime by Barclays and you will never receive ownership of the gold. Moreover, ETF’s are only required to be backed by 10% of their total investments.
If you can afford to purchase more than 10 oz of gold, now about 9200 bucks (cash or financed through Monex), I would contact Ryan. I purchased from him, and he did a wonderful job and I have profited greatly through their Atlas Account (financed) which allows you to take a greater share of gold with a 22% down payment. He can be reached at 800-949-6453 x 2292.