There are quite a lot of gold investments you can select. There are various investments that are better for different situations, intentions and experience levels. Not all gold investments are going to perform the same, which is an important aspect to be aware of before just going out and investing in any sort of gold.
All investments have their place, and most based on this precious metal do reasonably well with positive performance out of the price of gold. There are various physical forms of gold you can select, and more than one way you can invest in them. Then there are other paper investments that are influenced by certain outer factors, and there are some that are directly in accordance with the gold price.
The easiest way to get started is through gold coins. They are a tangible asset that aren’t going to lose their value so long as the price of gold remains, so many gold coins are directly connected to the performance of gold.
The gold investment that is the most aligned with the price of gold is gold bullion, in the form of bars and coins. There are a few types of gold bullion.
Two of the most popular gold bullion coins are the South African Krugerrand and the American Gold Eagle (pictured to the right). The nice thing about gold bullion is how it is essentially pure gold in numerous forms.
Some forms have a slightly lower purity level, and some are 24 karat (such as the Canadian Maple Leaf), and are therefore priced just over the price of one ounce of gold, as they are often sold in the one ounce form.
Bullion in an IRA
Another option with gold bullion, and other forms of bullion such as silver, platinum and palladium is to invest it in a gold IRA account. Some investors prefer this option as they don’t need to watch over their precious metals, and they enjoy the benefits of an IRA. You can also add physical gold bars to a precious metals IRA, as well as the other stock options.
Proof and Collectible Coins
There are other forms of gold coins as well, such as gold proofs and collectible coins. These are priced from demand and rarity, which takes a bit more knowledge in that particular area. These can do very well also.
One of the more popular non physical options for a gold investment is gold ETFs. These are relatively easy to start with at a fair price, and are equally easy to sell of when desired which adds to the attractiveness of them. There are a couple gold ETF options that are backed by physical gold as well.
There are other stock market options such as futures and options, and shares in gold mining companies. These can perform very well and then are susceptible to the markets, and you will want to be in knowledgeable hands or do your own research, as there are more factors to take into consideration.
Gold accounts are also available through banks. There are various types of these, and some can’t guarantee the return. They are called allocated and unallocated, and you’ll want to find out about which option you have and what it entails, for there are certain factors about these you’ll want to know. They are reasonably easy to set up, and some allow it where you can literally cash in for money.
That covers numerous popular investments in this precious metal you can choose from. Through getting an idea of them, you should have an idea which will work best for you when taking your goals into consideration. Each should be researched carefully, and perhaps run by your financial adviser if anything is unclear.