For physical bullion there’s really only two ways to buy gold: coins or bars. While there’s multiple coins, and multiple bars, if you want to hold it, it’s gonna be coins or gold. On the coin side, there’s gold eagles, gold buffalos, gold krugerrands, and gold maple leafs. While on the gold bar side, it’s only a matter of size: 1 oz gold bars to 10 oz gold bars. There’s really no difference, except coins might have a collector’s value at some point in the future. Other than that, coins or bars are about the same. When it comes to gold bars or gold coins, it’s holding the gold that matters.
Since the debut of the first Gold ETF (GLD) in 2004, several ETF products with a focus on gold have come to the market. Many, like GLD, try to mimic the price of gold. Others are leveraged, so their aim is to move by twice the amount that gold does. Others are bearish funds, which means they are intended to go up when gold goes down, and vice versa. And finally, there are even leveraged bearish ETFs. Here is a list of Gold ETFs
There is no perfect substitute for holding real, physical gold bullion. However, for some investors, Krugerrands and gold bars just aren’t viable options. After all, a single ounce of gold is now worth over $1,500, and buying in increments of less than one ounce can be costly, as the cost of producing the coin or bar cuts into the amount invested in the actual metal. While silver is often recommended for those who cannot easily shell out $1,500+ on a regular basis, for those who will have no substitute for gold, ETFs, gold-mining stocks, and gold mutual funds are additional possibilities.
A lot of people already have an IRA account and they might think that they know how to use it to their best advantage. But what many don’t know is that you can—and probably should—use your IRA to invest in precious metals. After all, an IRA is designed to save for retirement, and there’s nothing that’s more likely to keep its value into your golden years then, well, gold! It’s easier than you may think to get started, too.
There are several avenues for investing in gold: gold coins, mining stock, Gold ETFs, certificates, gold accounts, and options or futures. Find out how to invest in gold using all forms of gold investing in this dynamic post. It sets the foundation for a life of gold investing. Start here.
Gold vs. Silver: Living the Difference
J.D. Seagreaves examines the investable difference between the two metals, gold vs. silver. Learn as he guides you through the intrinsic value differences, practical applications, and supply factors to know the real difference that all too many investors just don’t see. At the end, you’ll see which metal might just be a better investment than current market wisdom would have you believe.