Shop Like A Pro: All About Investing In Gold!
Gold has always been a matter of interest for collectors and investors. This is a tangible asset that’s universally in demand, and no matter what kind of gold you have, you are likely to find a buyer. If you are a serious investor, you must consider gold as a part of your profile. Physical gold is desirable, and even when all the other factors, including economic ones, are not favorable, gold tends to flourish.
Know your options
You can choose to buy gold in form of bars, coins, jewelry, and even rare coins. For bullion bars, coins and jewelry, you pay the exact market price at the time of placing the order. The cost of gold per ounce or gram will be a standard in your area. Gold bullion bars and coins(24k) are ideal for investors, who want to get gold as a part of their diversified portfolio. Jewelry is not a bad investment either, but stick to 22k gold if possible. While 14k gold jewelry is great for regular use, it is not meant for investment. Rare coins can be priced differently than regular gold coins, because these are measured in terms of rarity and not the standard market price.
Select the right dealer
More often than not, investors often ignore this aspect, but if you really want to buy gold that holds value and is genuine, you have to consider the right dealer. Pawn shops and unauthorized dealers may seem ideal for a discount, but you are never assured of the purchase. Gold for investment must be purchased from a dealer, who uses certified equipment, is experienced, and deals in gold on a day-to-day basis. You also need to check the credentials of the concerned dealer and make sure that they have a team of experts who can help with the investment.
How much gold to buy?
It really depends on your profile and things you want from your investment. Gold, being much more expensive than silver, is always reliable and easy to buy, and you can consider 10% of your profile at the maximum to include gold. To be fair, it is a personal choice, but having gold is always advisable, especially for investors who have spent a considerable amount of money in stocks, bonds, and other assets that are hugely influenced by economic and market factors.
Invest in gold, because that’s an investment for the future, more so for the odd times.