How do you invest in gold?
Buy the rotten stuff of course!
We joke, we joke. In all seriousness, investing in gold can be quite a daunting process, especially if you are new to investing. Although gold is a time-tested and proven investment option, it can still prove itself to be incredibly volatile, which can lead to the potential to lose a lot of money (although you could also make a vast sum)
However, the best thing about gold is that it offers a practical and functional hedge against inflation. Those of us concerned with rampant currency debasement and the continuing decimation of fiat currency purchasing power are big proponents of the precious metals, namely gold and silver.
So how does one invest in gold exactly? There are a number of different options for dabbling in the yellow metal, most of which we have covered at length in previous posts. For further reading try some of these older posts:
Once you have read through those posts, it is time to move onto some more in-depth strategies for investing in gold. You should start by getting yourself a copy of Golden Bull, which is our in-house gold investment eBook- it contains a plethora of invaluable advice and insight, and has won rave reviews from readers.
Investing in precious metals is not an easy process, and the road to successful investing is long and hard. There are many different investment options you have to weight up, such as:
- Whether you want physical bullion/bars- and if so, how exactly are you going to store them safely?
- Would you prefer gold in a form that is quickly tradable for profit-taking/loss-stopping?
- How much you should invest in various forms of gold.
- Reading the market to try and see where the price is headed.
You can really give yourself a headache quickly when it comes to investing in gold. Therefore, it pays to learn from the mistakes and successes of others. Read through the pages and posts on this very blog and you will be well-grounded in how to invest in gold.