Investing In Gold – A Good Idea?

You’ve probably seen the signs by now, since they’re pretty much everywhere you turn.  People are buying gold in record numbers and it really shows no sign of stopping.  From television commercials to pawn shops, the number of buyers for gold has triggered a modern gold rush.  If investing in gold sounds like a good idea to you, that’s because it is.  Most investing experts recommend that your portfolio be made up of three to twenty percent gold investment.  Gold affords you a kind of portfolio insurance and protects you against inflation or other national or global events.  Simply put, investing in gold shouldn’t be ignored.

Basically, there are a few ways that you can go about investing in gold.  The most obvious is to actually buy physical gold, no matter what the form.  There are plenty of different ways to do this but most opt for gold bullion coins which they then store in their safe deposit boxes or even in their home.  Of course, you’ll have to actually have a place to store your gold, which is why many people look into other options when they decide that investing in gold is the right decision for them to make.

Another option if investing in gold is something you want to do but you can’t deal with storing the physical gold is to invest in exchange traded funds.  Basically, every share of one of these funds that you purchase will essentially mean that you own one tenth of an ounce of the gold they’re storing.  There are several different types of exchange traded funds that can help you invest in gold, so take the time to review them and you’ll likely find that one or more are perfect to add to your portfolio.  They’re a bit different than buying shares in a company, but hold many benefits that make them worthwhile.

You may want to consider alternative ways of investing in gold.  One of the most intriguing options is to invest in mining operations.  You’ll get a three to one leverage in many instances but investing in gold mining operations obviously carries more risk than other choices.  In summation, there are plenty of different options for gold investors.  Less volatile and more dependable than many other options, you owe it to yourself to add gold to your portfolio in one way or another so that you can get all the benefits it can provide.

About Richard Wilson