You’re a savvy investor and you don’t throw your money away on garbage investments. But, you still want to expand your portfolio a bit more and get more varied types of investments.
While all that glitters isn’t gold, actual gold makes a great investment! According to a recent survey, the average American household only owns about 10-31 grams of gold.
But, if you’re looking to increase your gold investment, which form of gold is the best to buy? Keep reading to learn about the different types of gold you should invest in right now.
When you first think about gold, you think about physical forms like the piles of gold coins that Scrooge McDuck uses as a swimming pool. These are the most common physical forms of gold you could invest in.
- Gold coins
- Gold bullion
Keep in mind that the weight of the gold in the jewelry is often less than the total value once you consider the craftsmanship of the piece.
Gold Mutual Funds and ETFs
If you want a little more liquidity than the physical forms of gold can offer, another option is to invest in gold mutual funds and gold exchange-traded funds (ETFs). You’re not going to own the gold, but instead, you’ll own shares in gold mining companies.
Another way to invest in gold is gold futures. It’s the riskiest way to invest in gold, by far. But, you could make huge money if you play your cards right!
The simplest way to think about this kind of investment is betting on the future price of gold. You make a contract to buy a certain amount on a certain day in the future. If you choose the right date, you can get the gold for a steal compared to the going rate.
Which Form of Gold Should You Choose?
The short answer is, whichever form you want to invest in. But, the reason is that no one form is best for every investor!
If you want to invest in gold without getting banks involved, coins and jewelry work well. Those who like to risk a little more in their investments might opt to invest in gold futures instead. If you’re still on the fence, visit goldinvestingsite.com for more helpful tips for investing in gold.
Nothing Says Money Like Glittering Gold
If you’re looking for a long-term investment that won’t go bust next year, gold is a great way to go! Besides, who doesn’t want a horde of gold?
No matter how you choose to invest in gold, make sure to protect your investment. If you lose your gold coins or jewelry, it’s like throwing away your hard-earned cash!
We hope you enjoyed reading this article and that you learned all about which form of gold makes the best investment. For more helpful articles about money, investing, business, and much more, check out the rest of our blog today!