Gold Investing Solutions - 7 Popular Solutions
As an investor in gold with long term goals- I first got interested in this yellow
metal in 1998- I have seen gold investing options increase greatly over these years along with the gold prices. In that very year, I opened my Gold Investment Account (Equivalent to gold ETF now) without any financial advice.
Now we have eclectic mix of Gold investment options. The wide variety of Gold investments are now being offered, which allow the conservative investors to make some risk free dabble in this metal and provide the risk prone investor with a chance to make hundreds or sometimes even thousands of percentages points with the increase in prices of the Gold.
Here we are discussing some mainstream options for Gold investment:
1. Geared ETFs - These enable the investors to make bets on the gold price movements in both up and down directions, can pay double the decrease or increase.
2. Gold Mutual Funds -Make investment in the wide array of stocks of mining as a result of which investor gets a chance to expand their risk.
3. Exchange Traded Funds (ETFs) - This comprises a single stock which represents the underlaying index- gold index in this particular case. These stocks are said to be backed by the gold bullion holdings.
4. Equities -Quite unlike the gold bullion which is considered as a safe investment, many un-hedged funds or gold shares are quite risky and highly volatile in nature. A good guidance by a professional is recommended in this case.
5. Gold futures - This is the cheapest way to purchase the gold, but it is only for very sophisticated investors with high net worth.
6. Gold Coins and Bullion - This is the most traditional way of investment in the gold. Bullion coins are produced in the government mints and are legal tender. They are sold at low premium.
7. Perth Mind Certificates - The Perth Mint issues them and is backed fully by Western Australia State Government. It is most safe and convenient way to purchase and hold the gold without taking any delivery of the precious metal.
Investment in the gold is worth consideration, and it's never too late for profits. You have an option of mixing your risks by making a combination of the equities, ETFs and bullion, but to get excellent results we would recommend an expert advice.
by: Michael C. Miller
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