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4 Easiest Ways to Invest In Gold

By    |   Friday, 10 July 2015 12:50 PM

Gold has long been a solid investment that holds its value over time. Having a portion of your financial portfolio invested in gold is a good hedge against a fluctuating dollar because when the dollar falls, the price of gold rises.

There are several ways for an individual to invest in gold. Here are four of the easiest.

1. Direct Ownership
Buying and keeping physical gold is one simple way to invest in gold. Gold coins are among the easiest forms of gold to buy and keep, according to Daily Reckoning. You can buy coins minted by various countries at a weight of one troy ounce. The U.S. mints gold Eagles, Canada mints Maple Leafs and South African mints Krugerrands.

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A “troy ounce” is the traditional measure of precious metals. A regular ounce is 28.35 grams and a troy ounce is 31.1 grams. The cost of a gold coin is determined by the market price of one troy ounce of gold. When you are buying gold, be sure you are getting the troy ounce weight for the price, JM Buillion warns. Unwary investors may find they got less metal than they intended to buy.

The U.S. Mint offers gold coins in denominations as small as $50, so gold coins are in reach of almost every investor.

2. Gold Bars
Another easy way to own gold is to buy gold bars. You can buy them online from gold dealers, but check into the company you are buying from to ensure it is a reputable dealer. Buying bulk bullion is an easy way to invest in gold, especially if you want to buy gold in large quantities, but arranging for the security and storage of it requires more costs, according to BuyGoldOnline.net.

3. Gold Exchange-Traded Funds
ETFs allow you to invest in gold without having to take physical possession of the metal. Gold ETFs are mutual funds traded on a stock exchange like regular stock but the exact portfolio is fixed, Daily Reckoning said. The gold ETFs traded in the United States deal in gold bullion.

The downside to ETFs is that you don’t physically possess the gold, so if you are buying gold for protection, getting possession of the gold may be very difficult should a financial disaster strike, USAGold said. ETFs work best if you are comfortable with your gold being stored elsewhere.

4. Gold Stocks
These are another easy option, although you don’t actually own a particular quantity of the metal. Gold stocks are divided into senior and junior classes. Senior stocks are those issued by companies that have a long record of stability and profitability, Daily Reckoning said. They often own their own mines and have a history of success. Junior stocks are more speculative and are generally much less expensive because of the risk that comes from an unproven company.

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Gold has long been a solid investment that holds its value over time. Having a portion of your financial portfolio invested in gold is a good hedge against a fluctuating dollar because when the dollar falls, the price of gold rises.
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2015-50-10
Friday, 10 July 2015 12:50 PM
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