Read on Twitter
Gold is an investment vehicle that has outperformed stocks over the last 15 years.
Gold is considered to be relatively safe and a good hedge against inflation.
Here are 7 different ways you can invest in gold
(A Thread)
Gold is considered to be relatively safe and a good hedge against inflation.
Here are 7 different ways you can invest in gold
(A Thread)
1. Physical gold (gold bullion)
You can buy gold bars or coins.
They can be purchased online from sites like http://ampex.com , http://jmbullion.com .
They can be stored in a safe deposit box, a private home safe, or a professional repository.
You can buy gold bars or coins.
They can be purchased online from sites like http://ampex.com , http://jmbullion.com .
They can be stored in a safe deposit box, a private home safe, or a professional repository.
2. Gold ETFs
They can be bought and sold from almost any broker.
They can even be included in a Roth IRA. This would allow earnings to grow tax free.
Popular ETFs are:
$GLD
$iAU
$GLDM
They can be bought and sold from almost any broker.
They can even be included in a Roth IRA. This would allow earnings to grow tax free.
Popular ETFs are:
$GLD
$iAU
$GLDM
3. Gold futures
Investing in gold futures allows you to buy gold at a predetermined future date and price.
This can be done with a relatively small amount of money.
When the gold futures increase in price, you can take a profit.
Investing in gold futures allows you to buy gold at a predetermined future date and price.
This can be done with a relatively small amount of money.
When the gold futures increase in price, you can take a profit.
4. Gold mining stocks
Instead of profiting from physical gold (bullion), you can profit from the companies that actually produce it.
Popular gold mining stocks:
$FNV
$WPM
$NCM
Instead of profiting from physical gold (bullion), you can profit from the companies that actually produce it.
Popular gold mining stocks:
$FNV
$WPM
$NCM
6. Gold related mutual funds
Focus on mining stocks.
Some of them do include small amount of gold bullion.
Some of these mutual funds also include other precious metals like platinum and silver.
Some mutual funds are:
$ACGGX
$SGGDX
$USERX
Focus on mining stocks.
Some of them do include small amount of gold bullion.
Some of these mutual funds also include other precious metals like platinum and silver.
Some mutual funds are:
$ACGGX
$SGGDX
$USERX
7. Precious metal streaming
Precious metal streaming is when a mining company allows another company to purchase all or part of its precious metals production for a predetermined price that both parties agree to.
Some streaming companies are:
$FNV
$WPM
$RCL
Precious metal streaming is when a mining company allows another company to purchase all or part of its precious metals production for a predetermined price that both parties agree to.
Some streaming companies are:
$FNV
$WPM
$RCL
Investing in gold isn't for everyone.
There is not a perfect way to do it.
As with any type of investment, it is important that you do your research.
You only want to invest in things that you know and understand.
There is not a perfect way to do it.
As with any type of investment, it is important that you do your research.
You only want to invest in things that you know and understand.
