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Five Best Gold Investments for Seniors

By    |   Wednesday, 17 June 2015 07:08 PM

Senior citizens are often cautious about investing the nest egg they’ve worked all their lives to build. Gold is a safe investment with a potential to increase wealth, while also being a totally private, anonymous and portable investment, according to cityclub100.org.

Here are five good ways for seniors to enhance their golden years by investing in the metal of kings.

1. Buying Gold Bullion
For a large investor, investing in bulk is most beneficial, said Gold Investment Guide. Investors get the best price by buying large gold bars, said Biostockspro. However, that website warned that those bars are heavy, inconvenient to transport and store, and may be difficult to sell unless you find someone willing to buy a large amount of gold. Investors who purchase gold bars also need more storage space, said Caregivers.

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2. Exchange-Traded Funds
Investing in a gold exchange-traded fund, or ETF, is probably the best way to invest in gold, according to Seeking Alpha. The market has seen a recent explosion in EFTs, according to Daily Reckoning. 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.

3. Gold Futures
Buying gold futures is a good investment option for senior citizens that allows them to purchase gold based on the likely changes in the demand for it on the open market, said Caregivers.com.

4. Gold Coins
Buying gold by the individual coin, such as the Gold Maple Leaf or American Gold Eagle, is another option. Gold coins, like gold bars, will increase in value as long as the market price for gold increases, said Today's Seniors.

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5. Gold 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, Daily Reckoning said. For many investors, selection of such a company is a more moderate or conservative play than picking up cheap shares in fairly young companies.

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Senior citizens are often cautious about investing the nest egg they've worked all their lives to build. Gold is a safe investment with a potential to increase wealth, while also being a totally private, anonymous and portable investment, according to cityclub100.org.
gold, investments, seniors
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2015-08-17
Wednesday, 17 June 2015 07:08 PM
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