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5 Best Gold Investments for Precious Metal Novices

By    |   Thursday, 23 July 2015 02:44 PM

Many investors consider investing in gold to be a safety net against a faltering economy. When the dollar fails, gold stays strong. Gold can consequently be a good investment even for precious metal novices.

Here are five good ways for beginning precious metal investors to go for the gold.

1. Coins
Purchasing gold coins is one of the most suitable strategies for a beginning precious metal investor because that practice involves small amounts of gold, said Gold Investment Guide. Gold coins offer an investor a tangible asset that is more easily managed and stored than larger gold bars. Gold Investment Guide said investors should avoid rare coins, which often have high premiums.

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2. Jewelry
Some consider buying gold jewelry to be another suitable strategy for a beginning precious metal investor because it also involves smaller amounts of gold. Gold jewelry makes up about half of the global demand for gold, CNBC reported. Jewelry also offers the benefit of enjoyment for the wearer. But, The Motley Fool, said it has a high premium, costing more than the value of its gold content.

3. Exchange-Traded Funds
Investing in gold exchange-traded funds, also known as ETFs, may be the best way to invest in gold, according to Seeking Alpha. An ETF is a type of mutual fund that trades on a stock exchange like an ordinary stock, but the ETF’s exact portfolio is fixed in advance and does not change. ETFs allow investors to participate in the gold market through a regulated stock exchange and without delivery or storage of the physical metal

4. Mutual Funds
Gold mutual funds hold portfolios of stocks of companies that mine for and sell gold, and tend to invest in firms that own established mines that produce known quantities of gold each year, according to Daily Reckoning.

5. Gold Bars
For those willing and able to make the investment, a good option is buying gold bars, which usually weigh one ounce and sell for somewhere around $1,200, according to Gold Investment Guide. Investors get the best price when they buy large gold bars, according to Biostockpro. However, transportation and storage can be an obstacle, and selling also may be difficult.

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Many investors consider investing in gold to be a safety net against a faltering economy. When the dollar fails, gold stays strong. Gold can consequently be a good investment even for precious metal novices.
gold, investment, novices
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2015-44-23
Thursday, 23 July 2015 02:44 PM
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