In continuation with the earlier post, let’s discuss today,
how do you invest in gold. But before that a quick retribution for all those
skeptics who feel that price of gold has touched exorbitantly high ceiling and
is due for some good bashing in the coming future! Well, the truth is completely contrary, in fact. It is the general opinion of the experts that
gold is the best vehicle available in the market to bet your money on and it
would not be a couple of years so before actually you find some sort of
correction in its prices!
So friends don’t think a while before you decide to take a
plunge and add the luster of the metal to your portfolio! Now having decided to
invest in gold, the question that comes next to mind is how are you going to
invest in these vibrant yellow metal pieces? Well! Follow the post for your
answer
1.
Jewelry - Well, this the most preferred route to buy
gold. And has been practiced since ages too. All that you need to do is walk
into a neighborhood jewelry shop, locate your ornament and buy them. Though
there might be loss of value due to impurity and making charges, there cannot
be a easier way to invest in gold.
2.
Gold bullion bars – Hmm…So what makes these bars
appealing? You are correct…their purity. Generally these bullion bars are purer
than the ornaments that are sold in the shop and are bereft of any shortcomings
like making charges…And like jewelry; you can buy them in shops along with
banks. You can always bring them in denominations of 10 grams and 20 grams and
be secure about their value as they generally fetch better prices in the
market.
3.
Gold Certificates – Okay! So you already have
substantial amount of gold ornaments in your kitty. Then go for gold
certificates! It’s fairly simple – take your jewelry to banks and deposit it
with them! Now you can enjoy a steady
amount of cash flowing in from them as interest money that can be somewhere
between 3% - 5%. What’s more you have just made your gold proof from theft and
secured yourself a steady income too! A win-win situation! Ain’t it?
4.
Gold ETF : - Often Called Paper gold, Gold ETFs are open ended mutual funds that are
listed on the stock exchanges Investors are assigned units of the mutual fund
where each unit often represents one gram of gold. Gold ETFs follow the price
of gold in the market and their returns thus match the returns of gold you
would buy off-line. You can buy and sell them on the stock exchange. You
can buy gold ETFs if you have trading account with the brokerage houses. If you
don’t have then do it today and start enjoying regular flow of money from your
gold.
Having known the various ways, you
can put your money on gold, what do you think is the best way that is going to
work for you? Well do a complete evaluation of your financial needs and
constraints before taking a decision.
