How to Buy and Own Gold Ain’t nothing like the real thing baby. Part of your gold allocation should be in real, physical gold that is in your possession. You can purchase gold coins or bullion from precious metal dealers. Obviously, you will need to give good thought to where and how you will store your gold and protect it from theft or loss. Sorry, Fort Knox is not an option. You can also consider buying ETFs that attempt to track the spot price of gold. You can purchase these ETFs (such as GLD) like any other stock through your brokerage account. Lastly, you can consider creating an account with a company like GoldMoney. GoldMoney allows you to deposit cash and keep your account balance in gold. When you wish to withdrawal your funds, you will then transfer your money back into cash based on the spot price of gold at that time. If you’re concerned that the price of gold has already risen considerably over the previous years (which it has), consider dollar cost averaging into the appropriate size position that you wish to hold. Buy a fixed number of gold coins each month or every couple months. This will help prevent buying all of your gold at one time which might be at a relatively high price. Speculating on the price of gold can be as risky as any other form of investment. Instead, use it as a hedge against inflation and a way to gain additional diversification. But don’t take my word for it. As with any investment be sure to do your own research.
Why Gold Holds Value Over Time ? The supply of gold is constrained, which helps gold hold its value. The gold supply increases very, very slowly as more gold is mined. Gold acts as a hedge against inflation and a store of value over time. In ancient Rome, a single one-ounce gold coin could buy a quality toga, a pair of sandals, and a belt. Today, the same is true: a single one-ounce gold coin is about $1170, enough to buy a good quality suit, shoes, and a belt and have cash left over.(1) If you think that we'll experience more inflation ahead and that the dollar is likely to continue to lose value, you might be contemplating how to put a portion of your portfolio into hard assets, such as gold. But how does an ordinary person invest in gold?
Investors Prefer Precious Metals The number of survey respondents who indicated they plan to invest in commodities in the next six months fell 9.3 percent points from the May 2010 survey to 62.4 percent. This percentage is an alarming 16.6 percent below the number reported in the December 2009 survey.
Yeah,But you may be aware that china is incresing its gold investment and thereby a recent gold accumulation is reported.
Bullion coins come in many forms from many countries, in North America for example the more well known and popular bullion coins come in the form of 1 oz Maples and Eagles from Canada and the U.S. respectively. Other well know investment type coins include 1 oz Krugerrands from South Africa. If you're thinking you'd like to buy gold bullion coins you can rest assured that any 1 oz coin will always be worth it's weight in gold literally, and if the current trend of melting down coins continues they may even be worth more than their gold content. Gold has been treasured for centuries and with the current economy this trend is sure to continue.
Hi I also want to invest in the future thank you for posting information! Please post also step by step procedure on how to invest like how much money do i need to invest and please post also the options the risk and lastly your recommendations on which gold investment company is the best, tested and trusted.Thank you!
Hi jewel! Here is sample computation from Goldmoney With $100.00 you can buy 2.207 goldgrams at a buy rate of $45.3091/gg (including our fee). We apply a 2.49% fee on top of the Gold spot price of $44.2083/gg. To store 2.2070 goldgrams for a period of 12 months with GoldMoney, we apply a fee of 0.100gg/month, based on an annual storage fee of 0.18% (0.015%/month). This works out to a total storage fee of 1.2000 goldgrams (or $53.05 based on the current spot rate of $44.2083/gg).
Building Your Gold Portfolio Portfolio diversification is the hallmark of the prudent investor. For millions worldwide, sensible diversification in the overall portfolio includes gold ownership. To help you meet that essential need, we offer four primary groupings of gold items: 1. Contemporary gold bullion coins and bars 2. Low-premium, historic European and S.American gold coins 3. Low-premium, historic U.S. gold coins 4. Graded historic U.S. $20 gold pieces How you structure your portfolio depends upon your personal financial needs and goals, and should be done in concert with one of our experienced and knowledgeable brokers. You no doubt have an interest in gold as a means to weathering the uncertainties ahead and maximizing your return.
Lolita, would you be willing to tell me the benefits to having goldmoney store your gold rather than the safe deposit box at your local bank?
I was also thinking the same that why no one mentioned about gold jewelry. It is in fact as good as gold coins or paper gold. Moreover, gold jewelry is easily liquidated than gold coins.
There are three main investment product options for gold investing. 1.Your first option as a gold trader is using a broker.( commosity trading). 2.The other approach you can take is the old fashioned way of investing; buying gold coins or bullion and holding them in a secured location. One of the immediate advantages buying physical gold has is that you have the advantage of buying gold for less than its current market value. You can find great deals on gold coins, bars and other bullion at antique shops, coin shops. 3.Your third option involves buying shares in gold mining and prospecting companies. The total value of the shares in their company run concurrently with the going price of gold futures.The final option is more rare for the casual investor but no less profitable.
