In the current financial crisis, many people are concerned that their paper dollars are no longer safe. They are turning to physical assets in a secure, solid, and safe location. One of the best ways to do it is by investing in gold. If you do not familiar with these precious metals, see definition of gold.
In my opinion, there are 4 popular ways to invest in gold. Below are overviews of them.
1. Gold Bullion Bars & Coins
Gold bars are offered in a variety of weights and sizes. Since broker commissions are typically low, bullion is the most cost efficient way of owning actual gold. Meanwhile, gold bullion coins are actually the money of the issuing country and have a guaranteed gold content.
Some of the most popular bullion coins are the American Eagle, the Australian Kangaroo Nugget, the UK Britannia, the Canadian Maple Leaf, the Austrian Philharmonic, and the South African Krugerrand.
2. Gold Statement Accounts
Gold statements are obligations of the issuing institution to deliver upon demand, a specific quantity and fineness of gold. An investment in a statement account provides safe and convenient storage and allows investors to buy gold bulli0n in convenient dollar amounts.
3. Gold Accumulation Plans
Gold Accumulation Plans are similar to conventional savings plans in that they are based on the principle of putting aside a fixed sum of money every month. The investor commits to investing a fixed amount every month, usually for a minimum period of one year, although about 90% of contracts are rolled over (extended) when the one-year term is complete. Once the Plan is set up, installments are withdrawn from the investor’s bank account automatically.
4. Gold Options
A gold option provides you with the right to buy bullion or sell at a fixed price at some specified future date. Investors may take or make delivery of the gold underlying the contract on its maturity although, in practice, that is unusual.
If you are interested in with gold investments, I recommend you to visit GoldCoinsGain.com. The site is a hand selected team of the world’s finest precious metal asset managers. Their backgrounds include a wide array of diverse experience that will guide you to invest in gold.
So, don’t forget to check out the gold IRA.