6 Different Ways to Invest in Gold

So you want to invest in gold? Perhaps it is because you want to add some diversity to your portfolio. Maybe it's because you like having a more tangible investment. Whatever the reason is, I have some good news. There is a wide variety of ways to invest in gold.

Some of the Different Ways to Invest in Gold Are

1. Gold Jewellery
2. Gold Coins
3. Mining Companies/ Single Stocks
4. Gold Receipts/Derivatives
5. Exchange Traded Fund (ETF)
6. Close-End Funds

Jewelery and Gold Coins

A popular choice in gold investments is investing in gold jewelry. After all, jewelry is over half of the world's use in gold. If gold jewelry isn’t for you then gold coins is a very similar concept except they are much easier to store. If you don’t want to store the gold at all then you can try gold receipts, ETFs or single stocks.

The jewelery industry will always be popular!

When you think of living large, gold and gems always come to mind. What better way to live a queen than to have gold bracelets, necklace earrings or even a gold crown. Even if this life doesn’t sound right for you, you can profit from it.

Gold Receipts and Exchange Traded Fund (ETF)

So what does this all mean? It’s simple. Instead of buying the gold itself you buy the receipt and you can use it get the gold in the future. The reasons people choose receipts instead of buying the actual gold is so that the buyer doesn’t have to worry about storage or taking care of it. If you want to invest even more than you buy a gold exchange-traded fund (ETF). Gold ETFs can even be bought online. If you want to invest directly to a mining company, then you will want to look at what stocks they offer. However, the price of a single stock varies and this option is only recommended for more experienced investors.

Investor Tip

It is recommended to store at least 3-10 percent in gold! However, many investors store up to 20 percent percent.

Gold Bars

Since gold bars and coins are tangible, this means long–term store value.

Gold can be stored for a very long time so even if their worth goes down a bit, all you have to do it wait. This also means that you can hold onto them until you need to cash out.

References

Nathan, Paul. The New Gold Standard: Rediscovering the Power of Gold to Protect and Grow Wealth. John Wiley & Sons, Inc, 2021.

Smith, Steven H. “Investing Choices: What Gold?” The Goldwatcher, 2018, pp. 193–206.

Thank you for reading my list! I certainly hoped you enjoyed it. If you want to read more about me, just scroll down a bit for some bonus content! If you want to send me a message, my contact info is just below too!

Fun Fact

Gold has been discovered on every continent on earth.

About the Author

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