How to Invest in Gold

Stocks rose worldwide, driving the Standard & Poor’s 500 Index higher for a third day, as gains in metals boosted the profit outlook for raw-material companies. Gold climbed above $1,000 an ounce as the dollar fell.

Gold has shined  as a relatively good safe haven.  This should not change with the blatant overboard anti-deflation moves of the Federal Reserve.
So with this in mind how would one invest in gold in today’s market to take advantage of any such moves?

Well you can listen to the daily infomercials on the radio or television and begin buying gold bars and storing them at the bank or under your mattress.  Or there is a much simpler way that I recommend, which is to invest in ETFs that track the price of gold.  Who wants to lug around big bars of gold to your bank anyways? And then pay the fees associated with storing your gold?  Things are more sophisticated now, we have thankfully moved on past the days of the 49ers.  Just go online to your online broker and buy ETFs such as GLD, which will give you the same price appreciation as those bulky bars without the hassle.

There are a lot of options as well in the precious metal ETF category that you may like such as “Double” ETFs, which double your gain or loss based on the price movement of the metal.  Or you could go the other route by getting “Inverse” ETFs that go up when the price of gold goes down.  I will explain these more in another post… for now take a look at the Precious Metal ETF Map that I put together by clicking the image below. Let me know if I missed anything! Hope you like it.

(2 votes, average: 5.00 out of 5)

 Loading ...