5 Ways To Make Money By Investing In Gold
5 Ways To Make Money By Investing In Gold
5 Different Ways to Invest In Gold
You don’t have to buy a gold bar to invest in gold, although that’s one way to do. Here are the best ways to add gold to your portfolio, both by direct and indirect investing.
Gold ETFs and Mutual Funds
With a gold ETF, you don’t have to worry about storing real gold or having your gold stolen. It’s easy to buy and sell ETFs that deal in gold using an online discount broker. You can even include gold ETFs in your Roth IRA so your earnings can grow tax-free. There are excellent gold ETF options traded on the New York Stock Exchange and global exchanges around the world.
Gold Mining Stocks
A more indirect way to invest in gold is via mining companies. You can purchase mining company stocks or a mutual fund or ETF that focuses on companies that mine precious metals. A good thing to note: although gold is perhaps the most common investment metal, silver, platinum and other metals offer similar opportunities.
Gold Bullion
This is perhaps the best-known form of direct gold ownership. Many people think of gold bullion as the large gold bars held at Fort Knox. Actually, gold bullion is any form of pure, or nearly pure, gold that has been certified for its weight and purity. This includes coins, bars, and nuggets of any size.
Gold Coins
For those who want a different kind of investing experience altogether, you can still go out and buy real gold in the form of gold coins. This option offers slightly better liquidity than other options, meaning you can sell them to a coin dealer if you need cash quickly.
Gold Jewelry
About 49% of the global gold production is used to make jewelry. Investing in quality pieces from a dealer you trust is one way to invest in gold and wear it, too! One of the disadvantages of investing in gold this way is that jewelry has a retail markup. It is also at risk of being stolen. Nonetheless, jewelry ownership provides the most enjoyable way to own gold, even if it is not the most profitable from an investment standpoint.
Find Your Best Gold Investment Now
Gold is a great investment that consistently rises in value over the long term. It’s also a good way to protect your wealth and your portfolio. In fact, with all the advantages, there’s really no reason not to invest in gold. Start looking for gold investment opportunities by searching online today.
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The information on MoneyMade.com is intended to support financial literacy and should not be considered tax or legal advice. It is not meant to serve as a forecast, research report, or investment recommendation, nor should it be taken as an offer or solicitation to buy or sell any securities or adopt any particular investment strategy. All financial, tax, and legal decisions should be made with the help of a qualified professional. We do not guarantee the accuracy, timeliness, or outcomes associated with the use of this content.
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