0
Investing in gold should start with researching the ways to test gold to be sure of it's purity and authenticity. You can buy gold in bars or coins. It is not advisable to buy online. It is better to go to a reputable local dealer.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Where do I start to learn about investing in gold?
You can learn about investing in gold many different ways. You can speak to a financial adviser or you can read books about the topic. One helpful book is titled, The ABC's of Gold Investing: Protecting Your Wealth Through Private Gold Ownership by Michael J. Kosares. Another way is to visit websites like the following one, it has information for beginner investors, http://freeyourmindonline.net/resources/how-to-invest-in-gold.html
How do I start investing in gold?
You can start investing in gold buy purchasing stocks in gold. You can also purchase gold bars. Gold bars are a way to secure your gold in the market without worrying about losing the value.
What are the risks and benefits of investing in gold?
Some risks for investing in gold are that the stocks for gold could fall meaning that the value of gold drops and you lose your investment. The benefit of investing in gold is that gold also goes up as well as down so if you lose one day you could gain the next day.
How do you lose money investing in gold if you are just sitting on it?
There are two ways you can loose money investing in gold if you are just sitting on it.The price of gold goes up, but not by as much as your would make if you had invested in something else. You are not making as much money as you could, so you are loosing money that you could have made.The price of gold goes down. The your holdings in gold are worth less than they were, so you have lost money.
How you can invest in gold?
There are five different ways or categories in which you can invest in relation to gold in one way or another:1. Gold ETF's - (electronically traded funds). An ETF is actually investing in a set or group of stocks ..that can be traded fast like an individual stock.2. Gold based Mutual Funds - A large collection of individual stocks held collectively as one single investment instrument.3. Junior Stocks - investing in companies that are looking for gold or exploring in search of gold.4. Gold Futures - Investing in gold futures is simply betting on what the price of gold will be over a certain period of time. If you bet right.. you earn. Options and puts are part of this equation.and last ...5. Direct Ownership!! *The best kind of gold ownership in the purist's opinions. Having gold on hand in your possession, or securely stored for you. Buying bullion...coins etc or Direct ownership such as a Gold IRA or Gold 401K retirement accounts are the safest of all gold investing protocols.Gold is a wonderful investment over time. It is seen as real, authentic wealth world-wide and has been used as such for thousands of years.For more on the five different ways to invest in gold and to see more details on the benefits of each see here: http://www.regalassets.club/choosing-a-gold-investment-firm/five-ways-to-invest/
Is investing in Gold a good strategy in a down economy like we face today?
Like any investment, gold can be risky. Between the inflationary pressures of low interest rates and deflationary pressures of a recession, gold can fluctuate similarly as stocks. However you don't have the risk of gold filing chapter 11 bankruptcy, it will always be worth something. So it is a safer bet in some ways, but you may still not make money on it.
What are some tips for investing in gold?
The best way to buy gold is to know the scrap prices. Visit http://www.silverrecyclers.com/Calculators/gold_calculator.aspx. Then go to your local gold or coin shop and make the purchase. It's easy to invest in gold on ebay, especially in jewelry, once you know what you are doing and how to calculate out the value.
How is commodity futures trading different from investing in stocks and bonds?
Commodity futures trading is different from investing in stocks and bonds because it deals with natural resources like gold instead of businesses and companies.
What is the difference between investing in shares and investing in real assets?
Investing in shares is where you purchase a certain share of a company. Investing in real assets mean when you actually purchase a house, or gold or silver.
How could gold be separated from quartz at a gold mine?
gold can be separated from gold in many ways one of these ways is heating it up and letting the gold pour into a mould from cottees cordial in americal. that i like best
Is investing in gold better done in a bear market or a bull market?
Gold investing is better done in a bear market. When there is a bull market you want your money in the stock market.
What are some ways to invest money?
There are tons of ways you can invest money here are some websites to help you. money.msn.com/investing money.msn.com/ money.cnn.com/magazine/investing/smartest/
