There are a number of different ways that a person can invest in gold nowadays. It is something that attracts a large amount of interest from a lot of people in the USA given the fact that the price of gold has been steadily increasing over the past few years.
Some are relatively accessible even with much smaller quantities of cash, meaning that anyone can take part in the opportunity to invest in gold. Some of the most common options for investing in the commodity are listed below in detail for you to take advantage of.
Exchange Trade Commodities (ETCs)
Exchange Trade Commodities (ETCs) are the commodity versions of Exchange Traded Funds (EFTs) and are traded in the same way that shares are across various trading platforms. The good thing about ETCs is that they are much cheaper than what physical gold bullion, coins, jewellery and other assets are. Whilst there is no need to pay for storage, there is the requirement to pay fees each and every time that you buy or sell an ETC.
The United States Mint trading
Anyone is able to purchase gold from the United States Mint There are a number of different gold coins available on their website that range in value. Purchasing gold coins through the United States Mint is a highly secure way of getting hold of the commodity, however, this does come at the cost of a higher price in comparison to some other sources because of this fact.
Gold Mining & Distributing Shares
There is the option to invest in those companies that operate within the gold industry, i.e. those doing the mining, producing, refining, and distributing of the commodity. The industry is a really big one and so there are many different options and different companies to choose from to invest in. The good thing about these shares is that the returns on them can be extremely high – even more so than with investing in physical gold. However, with these high returns comes high risk also.
Physical Gold Bullion
For anyone that has a large sum of money to invest, then purchasing gold jewellery, coins, or bullions is a sound option. Banks, brokers, and dealers all sell this precious metal. It is important that this is done with a reputable source in order to ensure the legitimacy of the gold.
If reading the above has inspired you to begin your journey of investing gold, then it may be beneficial. Regardless of how or where you purchase gold and regardless of what form it is in, e.g. jewellery, coins, bullion etc., a key consideration is the storage of it. This can either be done by the individual using their own personal safe / facility, or it can be done via the use of a commercial storage facility. However, there can be a considerable cost to do this. These things need to be factored in when making a decision about investing in gold.