Gold Investing - 7 Levels of Risk
Gold Investing - 7 Levels of Risk
Gold Investing - 7 Levels of Risk
There are now a number of reliable storage facilities which guarantee security and which enable you to trade your gold holdings. GoldMoney and the Perth Mint are both excellent examples of ways to hold and trade gold and other precious metals without having to take delivery. Bullion will track the price of the metal, making it the least volatile way of holding gold. It now stands at around $44
5. Higher risk ETFs - Market Vectors Juniors (GDXJ) tends to be a notch higher in risk level. This is because the amount of stored gold is high compared to the amount of new gold mined each year. It has been estimated that there is demand for another 1000 tonnes of gold bullion for investment purposes.
The success of gold bullion investment relies heavily on the world's major central banks and the International Monetary Fund, as they play a important role in the price of gold. In 2004central banks and other official organisations held 19% of all above-ground gold as official reserves, and they are restricted to how much gold they can sell by the Washington Agreement on Gold (WAG). The member states of WAG include the US, Europe, Japan, Australia, the Bank for International Settlements and the International Monetary Fund. Many modest investors and savers still perceive gold as being elitist and out of their reach. They don't realise that you can buy a Sovereign coin for just over ?200 or tiny gold bars for ?50 or less! Certainly the US retail market is at least 10 years ahead of the UK market in terms of the average person owning some gold as part of their portfolio. If you have the support and expertise of a good gold dealer then these sort of questions are easily overcome. The buying process is as simple for gold as buying anything and once customers buy once they realise there is nothing radical about the investment process. Finally, it's human nature that investors want to buy at the lowest price and sell at the highest. So many are put off that gold is at all time highs. As I mentioned at the beginning most experts feel gold has a long way to run yet and starting a relationship with a reputable gold dealer today will help you select the best buying opportunities and get the ball rolling with the new world of physical gold.
Those who acquire gold bullion coins will be faced with a dilemma when they finally arrive at their house: what on earth are they to do with them? There is so much you can do with gold bullion coins that it can be difficult to know what use to put them to first.
If you are stuck for ideas on what to do with your gold bullion coins (GBC), then here are a few suggestions. The great thing about gold bullion coins is that they can be put to an infinite amount of uses. This list is by no means definitive!
1. They also look great on your desk and are sure to grab the attention of any visitors or passers-by.
These are the three main uses of this product. As we state though, this list is not gospel! Try asking around your friends if you run out of ideas for uses for your GBCs.
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