Five ways you can invest in gold

by , 24 November 2015

When uncertain times hit, investors tend to move to gold.

Gold gives you a way to hedge your portfolio against a financial crisis. It's wise to hold a small portion of your portfolio in gold.

So how can you invest in gold for the long-term?

There are five ways…


Way to invest in gold #1: Coins and bars

 
This is the most direct way you can invest in gold. As you hold physical gold, there is no income from your coins or bars. The only way to make money is to sell it.
 
If you’re looking to invest in coins, pure gold coins like Kruger rands can be an excellent option.
 
Bars are also a consideration if you want to hold a larger quantity of gold.
 
You need to ensure that you have a safe place to store your gold.
 

Way to invest in gold #2: Vaulted gold

 
Owning gold in this way means that you have paperwork backing up your gold holding in a vault. This can be allocated or unallocated depending on the type of account you have.
 
Ensure you weigh up the pros and cons of the country you do this in before investing.
 

Way to invest in gold #3: Gold-backed ETFs

 
This way of owning gold gives you an easy way to invest in gold. Exchange traded funds (ETFs) trade just like shares on the stock market.
 
In South Africa, NewGold is an example of a gold-backed ETF. 
 

Way to invest in gold #4: Gold mining stocks

 
Gold mining stocks are another way to invest in gold indirectly. Investing in gold stocks can be a risky business as anyone who’s held on over the last few years will tell you.
 
The key here is investing in gold producers who have low costs. This means the company is in a better place to make money when the price of gold rises.
 

Way to invest in gold #5: Gold funds

 
Instead of trying to find the best gold mining stocks to invest in yourself, you could invest in a fund which does this for you.
 
If you decide to go this route, ensure that you weigh up the fees for the funds first.
 
So there you have it. Five ways you can invest in gold.
 
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