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How To Invest In Gold

Gold is a hot commodity these days, with everyone from amateurs to experienced investors looking to grab a piece of the golden pie. Unlike paper currency, gold is not subject to inflation or global uncertainty.

As with any investment, it is a good idea to know all the facts prior to taking the plunge and risking loss on your investment.

The price of gold has fluctuated wildly over the last year, with prices starting at $1,700 at the start of 2012, and spiking as high as $1,800 in October of that year. Despite the unpredictable change in value from one day to the next, it's never too late to invest in gold. While it is true that gold likely has hit its peak and will not climb any higher, it always will have value higher than paper currency.

But there are some things to know prior to investing.

The most important rule in gold investment is to allocate a fixed amount of money toward gold regardless of the current price. By doing so, it helps to spread out the risk over a period of time. It is recommended making an allocation of 3 to 10 percent monthly. More aggressive investors may want to allot 20 percent toward gold investing each month, but that is only recommended if there is an experienced money manager to assist in the monthly transactions.

There are four ways to invest in gold:

  • Gold Bullion Bullion is the term for gold in its physical forms: jewelry, bars and coins. Among the most popular form of gold bullion for investors is the gold coin. The trick to buying gold bullion is to buy it as close to its "spot" price as possible or within no higher than a 10 percent premium. Premiums higher than 10 percent will make it difficult for the investor to turn a profit. The price of gold would have to rise to that level or beyond for the buyer to make any money off of their investment, and that is unlikely to happen. Gold bullion can be stored at a number of places, including safety deposit boxes at local banks. There also are some gold-specific storage facilities across the United States.
  • Gold Exchange Traded Funds - Also known as ETFs, these are the best way to invest in gold without the hassle of finding a place to store it. A cross between mutual funds and individual stocks, ETFs are funds which offer instant diversification. A gold ETF is designed to reflect the true price of physical gold on the market. The most heavily-traded gold ETFs are, respectively, SPDR Gold Shares, iShares Comex Gold Trust and ETFS Gold Trust.
  • Gold Exchange Traded Notes Higher in risk than the previous two forms of gold investment, a gold exchange traded note trades on futures markets. Investors provide a bank or broker with money for an agreed upon time frame. When the investment time frame has been reached, the investor is paid a return that is based on the note's performance per the gold futures market. Depending on the performance, the investor can lose all of his money. This is one of the riskiest ways to invest in gold and is not recommended for first-time investors.
  • Gold Miner Stocks By far the riskiest way to invest in gold, this kind of investment has a 3 to 1 leverage in the actual price of gold and trades with the broader equity market. If an investor wishes to take this route which is not recommended he should locate a company with a history of strong production and reserve growth.

Gold hits 6-month low as investors sell, dollar climbs

LONDON (Reuters) - Gold prices sank to six-month lows on Thursday as investors sold holdings in the physical market and the dollar climbed due to expectations of higher interest rates in the United States. Spot gold XAU= was down 0.4 percent at $1,262.78 ...

Published:  Thu, 21 Jun 2018 23:49:00 GMT



Why I'm buying gold for the first time since the election

I've been bearish on gold, to say the least. After a 7 percent slide since its April high, it's lost a bit of its luster. But the setup has strengthened, and I'm buying what I like to call "the most expensive doorstop" in the world for the first time since ...

Published:  Thu, 21 Jun 2018 11:22:00 GMT



Gold Price Prediction - Gold Rebounds as Fast Stochastic Generates Buy Signal

Gold prices rebounded from session lows closing up slightly on the session, after hitting a fresh 6-month low. The risk of a global trade war helped buoy gold prices. Target support on the yellow metal is seen near the December 2017 lows at 1,236.

Published:  Thu, 21 Jun 2018 17:47:00 GMT



Gold Galaxy S9 and S9 Plus go on sale June 24 at Best Buy and Samsung

If the Galaxy S9 and S9 Plus don't grab you in lilac purple (our current fave) or coral blue, Samsung is offering up a new shade for its flagship phones: Sunrise gold. Samsung says that this color will have a "satin gloss finish", a first for Samsung ...

Published:  Wed, 20 Jun 2018 06:00:00 GMT



Katoro Gold to buy Haneti Nickel project from Kibo Mining

StockMarketWire.com - Katoro Gold said Friday it had entered into an agreement to buy the polymetallic Haneti Nickel project in Tanzania from Kibo Mining for £0.2m in shares. Under the terms of the deal, Katoro would pay £0.2m, through the issuance of ...

Published:  Thu, 21 Jun 2018 23:34:00 GMT



Gold Looks Bearish: Is That A Reason To Buy

A bearish time of the year for gold. Rate hikes could be bearish, and the dollar is weighing on gold. Gold in euros and yen is strong. Trade issues- Bullish or Bearish Just like in 2016 and 2017, gold came out of the gate at the start of 2018 and moved to ...

Published:  Wed, 20 Jun 2018 04:25:00 GMT



Dave Ramsey: Focus on debt, not buying gold, silver

Dear Dave: I make about $240,000 annually, and I will be maxing out my 401(k) contributions this year. I have $60,000 in student loan debt I'm trying to pay off, a small amount left on my home mortgage, plus I've been investing in a lot of gold and silver.

Published:  Thu, 21 Jun 2018 13:01:00 GMT



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