In anticipation of the volatile economy to be instigated by devalued paper-currency, investors are turning to promising investment such as gold. Here are the four main ways to invest in gold.
#1. Purchase physical gold; e.g. gold bars, and coins, jewelry.
When it comes to storing value, nothing beats gold, and as a scarce commodity, its value is ever appreciating.
On the other hand, every paper currency always fails, and seeing the fall in value of the dollar, it’s only a matter of time before the dollar (and other foreign currencies) becomes a thing of the past.
And when that does happen, you can expect folk will lose their wealth i.e. the paper wealth that’d been attached to their assets.
#2. Exchange Traded Funds
An ETF is a type of mutual fund that trades on a stock exchange like an ordinary stock. The ETF’s exact portfolio is fixed in advance and does not change. Thus, the two gold ETF’s that trade in the United States both hold gold bullion as their one and only asset.
#3. Purchase futures/commodity contracts
Gold futures are hedging tools for commercial producers and users of gold. They are also a way to increase your investments. Gold futures also provide trading opportunities, because gold is very responsive to current trends, and gold futures serve as an alternative to buying gold bullion. Investing in gold futures promises the biggest profit, and in the same vein, it may incur big losses.
#4. Invest in mining stocks
The perceived advantage of investing in gold mining shares is that their value is usually more sensitive to the price of gold than even a gold bar. This is because gold mining shares are valued on the basis of their anticipated profits through the life of the mine, and these depend on the reserves, and on the relationship between gold mining production costs and the anticipated value of the gold extracted.
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