5 Tips For People Wanting to Invest in Gold

By Jack Wogan

Gold is a fascinating precious commodity for men and women for many centuries. Its splendour and glitter never faded during all these years. The question is if you have ever thought of investing in gold-bullion as a part of your investment plan? Wealthy families in Asia and Europe have been investing in gold-bullion for centuries because of its portable and compact existence. Since last 3 decades, gold-prices have been increasing, although the trend was relatively poor in earlier decades. There is again an upswing in the prices of this metal, and investors are taking the gold-investment very seriously as gold works as a perfect hedge against any other investment.

The fact is that gold-investment tends to stabilise in the time when other investments take a beating. Investing in this metal is good for long term investors. It is always wise to consult with an investment consultant before planning to invest in gold-bullion. The consultant would evaluate your investment goals to determine what would be the right type of gold-purchase you should make. As to hedge to your portfolio, an investment company can aid you in making the correct selection of gold-investment products.

It is sensible to buy this metal when its market is low, but it is not an easy task. You may have to wait long for this. The same is the case when you need to sell this metal. Price should not be considered when buying gold, rather the percentage over the gold-price or the premium should be the criteria. There are plenty of options for investing in this metal. Let us look at some of the tips for investing in this metal.

The people interested in capitalizing on price movement of this metal should invest on gold bullion coins. American Eagle, Canadian Maple Leaf, Britannia or the Australian Nugget coins should be some of your priorities. In 1986, American Eagle minted this metal coins which still hold the place as the leading this metal coins of the World, in terms of investment option. These gold coins are of 22 karats. The weight of the coin is also stamped on it. These gold coins are made using special dyes so as to make the minute details visible. You can buy these gold coins from any good dealer, who deals in precious metals and coins. Universal recognition of this metal coins has made its buying and selling very easy. The one-ounce South African Kruggerand gold bullion coin is extremely popular today and was the first investment opportunity in bullion coin market.

The second investment option is gold bars. On larger bars, you have to pay fewer premiums, so short bars are more costly. At the same time, selling big bars is difficult.

You can also invest in gold certificates. A gold certificate holds the same title and stipulated amount of gold, and it is very easy from the point of view of trading.

You can open a gold account with a popular major bank in your area. People considering investing in gold, generally choose this type of account with commodity brokers or confidential bankers.

Although not directly, but investing in gold mining shares is also a good investment opportunity. The price of gold mining shares depends on the gold bullion prices, so an increase in gold bullion leads to an increase in the share prices.

Jack Wogan is a gold investment consultant. You can take his help to buy gold bullion. For more information about buying gold you can visit his recommended site at http://www.goldmadesimple.com/

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