Wondering How to Buy Gold?
Wondering How to Buy Gold, but you don’t know how to get started?
Finding out How to Buy Gold can be a tedious process. There are three ways that an investor can allocate gold to his/her portfolio, and each way has its distinct advantage and disadvantage.
Echange Traded Funds (ETF’s)
ETF’s have rapidly become one of the most popular ways to get immediate exposure to Gold. The most popular gold ETF is the Spider Goldshares Trust, usually referred to its symbol (GLD). The GLD is backed by physical gold, but they undergo a fractional reserve structure, meaning that every share of the GLD doesn’t account for every ounce of gold. This ratio is constantly changing. The good thing about the GLD is that it is highly liquid, meaning you can get in and out of your position very easily with the click of a button. The downside to investing in the GLD is that you subject yourself to paper currency risk, market risk, and systemic risk. The GLD is denominated in U.S. dollars, and if the system crashes your account is ultimately held at a bank. What happens if banks say we can’t get your money for you right now?How to buy Gold Mining Stocks
Investing in Gold Mining Stocks is another easy way to achieve exposure to gold. An upside to owning a gold mining stock is that they are very liquid, meaning you can get in and out of your position very easily with the click of a button. Some of the major gold mining companies are Newmont Mining (NEM), Barrick Gold (ABX), Gold Corp (GG), and Agnico Eagle (AEM). These are all quality gold mining companies but you will have to conduct your own due diligence. There are several downsides to investing in gold mining stocks… 1) They are highly leveraged to the price of gold so the stock price is much more volatile than the spot gold price. 2) You are exposed to market risk, meaning if the S&P 500 sells off for any reason your gold stocks will be subjected to it. 3) You are exposed to management risk, where you might have to endure any bad decision the mining company makes. What would happen if a mine were to collapse?How to buy Physical Gold
One can take physical possession of Gold in the form of Gold Coins or Gold Bars. Taking physical ownership of Gold has become very popular as of late. Gold in its physical form is a one of the worlds most liquid assets and can be traded or exchanged with ease. When you take possession of Gold, paper currency risk and the risks associated with investing in gold related stocks are removed. The disadvantage of taking physical delivery of gold is deciding where to store it, weather that be a secret location, a gold depository, or a safety deposit box. All individuals who set up a Gold IRA are required to select a depository for storage of their metals. With physical gold, your assets are SAFE and SOUND even if the system were to collapse.HOW TO BUY GOLD QUESTIONS
How do I buy gold from the right company?
First conduct your due diligence. There are many companies that broker physical gold, silver, and platinum coins. Go on Google and search a term (ex. How to buy gold) go down the list of and click on any company. How does their site look? Do they have what you are looking for? Are they experts? What are their spreads? Call them!How do I check a company’s credibility when I’m trying to figure out “How to buy gold?”
Check out a company’s testimonial section, and read what the company is saying in their BLOG. Work only with someone who is a market expert by testing their knowledge about precious metals and the financial markets in general.What should I AVOID in the process of figuring out, “How to buy gold?”
Some gold companies will trick you into thinking that you can place orders online to “lock in” prices, but in actuality they will call you back and have you wire funds or send in a check. So avoid buying gold directly online, you are just going to have to do it again, and it’s a waste of your time!How do I buy gold on MARGIN?
ABSOLUTELY do NOT buy gold on Margin. If any broker tells you that this is a good idea….walk away from that company as fast as possible… You can lose your retirement with a small move in gold in the wrong direction.How much should I PAY for gold coins when figuring out, “how to buy gold?”
Ask your broker to provide you with the spreads of spot whether you are buying gold, silver, platinum or palladium. Typically you are going to pay anywhere from 5%-20% over spot depending on what kind of asset you are buying.Platinum Gold Coins values working with each individual investor. Call us toll free at 1-855-655-GOLD.
Precious Metals are an ideal asset to own given the uncertain economic and geopolitical conditions we currently face. Whether or not you are adding gold bullion to an investment portfolio, or preparing for retirement by setting up a gold IRA, precious metals such as Gold, Silver Platinum and Palladium have proven to be a secured investment. If you are asking yourself “Where can I buy gold?” Our gold inventory consists of American Buffalo Gold Coins, American Eagle Gold Coins, Austrian Philharmonic Gold Coins, Mexican 50 Peso Gold Coins, Canadian Maple Leaf Gold Coins, South African Krugerrand Gold Coins, Chinese Panda Gold Coins, Pamp Suisse Gold Bars, Credit Suisse Gold Bars, World Gold Coins, Indian Head Gold Coins, Liberty Head Gold Coins, Saint Gaudens Gold Coins, and Gold Proof Coins.
Simply sign up for you FREE GOLD INVESTMENT KIT to get started today!
