Buy bullion

Buy bullion

One of the most common questions I get asked is, “What are the options for when I want to invest in gold?”  Here are 7 options (although I don’t recommend most of them, especially for beginners):

1. Physical Gold Bullion

Buying gold bullion, whether investment grade coins or gold bars.  This is what this website is primarily about.  This is my favorite option for beginners (and just about everyone else as well).  Be sure to sign up for my free newsletter to learn more about investing in gold bullion and avoiding the 7 biggest mistakes most investors make.

This article on American bullion provides an excellent overview.

2. Gold Depositories

Here you store your gold bullion with a reputable gold depository, eliminating a lot of issues such as how to store your gold.  However, you must pay for this privilege.  My favorite gold depository (by far) is BullionVault. This, too, is an excellent option for beginners.

3. Gold Mutual Funds and ETFs

Gold Mutual Funds and ETFs allow you to invest in gold without actually physically gaining possession or storing the gold.  I talk about this option in my free Mini-Course.

4. Rare Gold Coins

Gold collectors love rare gold coins (and I’m no exception).  They can be beautiful, and if you know what you’re doing, you can do well.  However, if you are a beginner, you can easily lose a lot of money.  Be sure to avoid eBay and other Internet auction sites unless you really know a lot about rare gold coins.

5. Gold Mining Stocks

As the name suggests, these are companies that mine gold.  You can buy shares in public gold mining stocks just like you buy stock in other stocks. Gold mining stocks are more volatile than bullion and, again, not recommended for beginners.

6. Gold Futures

This is another way to buy gold without actually physically taking possession. You are basically buying a contract to buy a specific amount of gold on a specific date.  Again, a bad choice for beginners.

7. Gold Jewelry

Gold jewelry can be beautiful and fashionable, but again, this is more a collectible or something to enjoy wearing rather than a good gold investment for beginners.

So what do you think? Am I being too conservative? Too risky? Tell me below…

 

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