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5 Best Gold Investments for Young People

By    |   Wednesday, 17 June 2015 06:43 PM

The phrase “good as gold” was coined for a reason. Gold is the only type of currency that has never failed in the 5,000 years people have used it, according to cityclub100.org. Gold is the safest investment and has the greatest potential to increase wealth, while also being a totally private, anonymous and portable investment, that website added. And a growing number of young people are investing in gold, according to Atlanta Gold and Coin Buyers.

Here are five golden ways for young people to brighten their future by investing in the gilded metal.

1. Penny Stocks
While people approaching retirement generally feel inclined to invest more conservatively, younger investors can afford to take more risks. They consequently might want to consider putting their money into junior gold stocks, where they’ll risk taking losses but also face the potential reward of triple-digit gains, according to Daily Reckoning. Gold penny stocks are a low-budget investment that nearly anybody can afford, said Gold Investment Guide. That website indicated most investment advisers recommend buying stock in about 10 mining companies. It added, “Any fewer and you are putting too much risk on too few companies, and very many more and you are spreading your wealth out a little too thin."

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2. Exchange-Traded Funds
Putting your money 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 ETFs, Daily Reckoning said. 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 are intended to offer investors a means of taking part in the gold bullion market without needing to take physical delivery of gold, and to buy and sell that participation through the trading of a security on a regulated stock exchange, USA Today reported.

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3. Coins
Buying gold coins such as the Gold Maple Leaf or American Gold Eagle is one of the most suitable strategies for a beginning investor because they involve small amounts of gold, according to Gold Investment Guide. Plus, if you’re thinking about the long term, the U.S. government allows you to invest in gold bars and coins for retirement purposes with income tax advantages using an Individual Retirement Account, said GoldSilver.com.

4. Jewelry
Another option for young people is investing in gold jewelry. That’s among the most suitable strategies for novice investors because it involves smaller amounts of gold, said Gold Investment Guide.

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5. Gold Bars
If you can afford it, invest in a gold bar or two. Such a move could help protect you financially in the event of an economic collapse, according to Atlanta Gold and Coin Buyers. In terms of the long haul, GoldSilver.com noted that the U.S. government allows you to invest in gold bars and coins for retirement purposes with income tax advantages using an IRA.

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The phrase "good as gold" was coined for a reason. Gold is the only type of currency that has never failed in the 5,000 years people have used it, according to cityclub100.org.
gold, investments, young
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2015-43-17
Wednesday, 17 June 2015 06:43 PM
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