Hi I am Janet! This is a very short introduction about
how to buy gold also known as investing in gold. Essentially there’s 3 ways to buy gold in the USA. First, you can
buy physical gold..
gold bullions..
gold bars..
gold coins, etc. Second, you can buy
gold stocks. Third, you can buy gold and gold bullion is to have a third party store it for you but you don’t actually have the physical gold.
You can also
buy gold online, but be careful who you trust. I will go through each method in more detail below.
When you buy physical gold (and silver, even) there’s several things you should be aware of. When you buy physical gold that means you have it in your possession which means you would need to find a safe place to store them. If you store gold in your home it may not be safe, so this may not be the best solution. The solution to this is maybe to obtain a deposit box at a reputable bank but this will cost you monthly fees. If you can find that safe space to store your gold investment with minimum cost to you this might be the way to go, but keep in mind if you possess physical gold it may not be as easy to sell.
When you buy gold stocks as your investment vehicle, you won’t have to worry about storage. The concern with gold stocks is very tricky, since the value of your gold depends on the market and this could be risky in a sense that you don’t know which way the stock is going to go. The upside to own gold stock is if the stock is up it’s very easy to sell. If you are a risk taker buying gold stock may be for you, but just keep in mind not to get attach to your investment because it may not be worth nearly as much as when you first invested.
When purchasing gold through a reputable company and have third party provide storage for you, what this means is that you actually purchase the gold but you won’t see the physical gold. This is somewhat similar to the first option to buy gold but different in a way that you will never see the gold because third party is storing the gold for you. The advantage of this option is that you don’t have to worry about looking after the gold you buy, you have a third party storing it for you and if your gold is loss somehow it will be covered under their insurance. Also, when you purchase gold through this method you will eventually develop a more personal relationship with the company you bought the gold from since you have a individual account with them. Through this method of purchasing also makes it more convenient if you want to buy more gold since you’ve already have an account. This method of purchasing gold is more for people who never want to see the gold and sees this transaction as more of a investment vehicle to make more money.
It really all comes down to the reason why you are buying the gold. If you are buying gold to look at and to marvel its beauty then perhaps buying the physical gold is for you. If you are a investor and want to make money from purchasing gold then maybe buying stocks or buying physical gold for a third party storage is for you. The difference between the above 2 methods is that one has more hedge over the other and I am sure you can figure out which one it is…if not you have to start using your noodles. Think about how to buy gold?
A list of the "best websites to buy gold":
