Gold has proven time and again as a viable asset, which works excellently against a crisis. With the financial markets experiencing turbulence, many investors have started searching for alternative investment assets, other than stocks.
The idea is not to abandon stocks completely but find another asset that can hedge an investor against rising inflation, falling interest rates, and uncertain geopolitical scenarios across the globe. This is one of the reasons why investors are increasingly parking their money in gold and other high ROI assets such as Bitcoin and other cryptocurrencies.
This guide will help you in your quest to invest in gold.
Top 3 Best Ways to Invest in Gold
You can buy gold jewelry or even invest in 400-ounce gold bars if you want to hedge your risks. This can work excellently because gold is known for its amazing store value. In case, you don’t want to invest in jewelry, you can also invest in gold in many other ways.
Here are 6 ways in which you can invest in gold:
- Gold ETFs
- Gold ETNs
- Physical Gold Bullion
Buy Gold ETFs
Gold ETFs (Exchange Traded Funds) are the easiest way of investing in gold. Gold exchange-traded funds represent physical gold in which you can purchase shares. You can trade these ETFs just like stocks. The greatest advantage here is that most major investment brokers have waived their trading fees on these investment vehicles. You can easily hold them into your portfolio with other assets because the gold exchange-traded funds have converted physical assets into paper ones.
If you are a beginner, gold ETFs are the best ways in which you can make the investment. You can buy them through most major investment brokerage firms such as E Trade. These ETFs are beneficial to investors because they provide them indirect ownership of physical gold. When compared to other options, these gold exchange-traded funds are less risky ones.
SPDR Gold Shares (GLD) and iShares Gold Trust (IAU) are the largest gold ETFs available currently.
Buy Gold ETNs
Gold ETN (Exchange-Traded Note) is a debt instrument, which is linked to an underlying investment, which is gold here. You have to hold these ETNs for a specified period of time. You’ll be made the payment at the time of its maturity. The extent of payment will depend on the performance of the underlying gold.
By investing in gold ETNs, you are not directly investing in gold. What you are essentially doing is investing in gold-related instruments. You can either hold a long position or a short position and get rewarded or lose some or all your investment. This instrument can be purchased only if you are intimately familiar with the gold industry.
UBS ETRACS CMCI Gold Total Return ETN (UBG) and DB Gold Double Short ETN (DZZ) are some of the most popular gold exchange-traded notes.
Buy Physical Gold Bullion
This is the most direct way of investing in gold bullion. The investment can be done either by buying gold coins or gold bars.
If you buy bars, they come in varied weights, ranging from one gram (around 1/31 of an ounce) to 400 ounces. As there is no minting involved, the markup is lower. Wealthy investors usually purchase larger bars, especially the ones weighing 400 ounces so that they can avoid holding and storing a large number of coins.
American Eagle, Canadian Maple Leaf, and South African Krugerrand are the most common bullion coins available. Maple Leaf is the only one among these three that is made up of pure gold. You can buy coins in 1/10th of an ounce, 1/4th of an ounc, and one-ounce coins. However, always keep in mind that lower denomination bullion coins cost more on a per-ounce basis than one-ounce coins. Every 1-ounce coins have a full ounce of gold.
You can buy them from well-established national dealers such as McAlvany ICA and Goldline, Blanchard & Company. It depends upon you whether you want to take possession of these coins yourself or let the dealer store them for you. In that case, you simply have to pay storage fees as well as insurance yearly. You can also buy gold coins from local coin shops.
Choose Cryptocurrency Copy-Trading Bots to Increase Crypto ROI
Cryptocurrency Trading Robots (such as NapBots.com) automatically scan the market in real-time and trades for you. They run 24×7, which means that you can keep earning your passive income even when you are sleeping. This gives you an edge over other investors as it enables the bot to book profits on your behalf when other investors are sleeping.
Smart crypto investors always remain prepared to get the best of a big market move. They don’t wake up suddenly. To remain alert round the clock, they use cryptocurrency trading bots so that they don’t miss any big market movement.
NapBots.com is a Trading Bot, cloud-based platform, on which you can connect to major exchanges such as Binance, Bitmex, Bitfinex, OKEX, Kraken, Bitstamp, and Bitpanda.
The best thing about the Napbots trading software is that you don’t have to monitor charts and candles to predict your next move. Any novice trader with zero skills can also start trading like a pro and earn money with this unique trading tool. Let Napbots take full control over your trades in just a few clicks. Now, sit back and enjoy earning money.
You may also check “Napbots Review – Simple Way To Increase Your Crypto Returns” before taking the plunge.
What’s so special about NapBots?
NapBots crypto trading software is special because it comes with:
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How does NapBots help you to Make Money?
With NapBots, you can enjoy financial independence by trading cryptocurrencies on autopilot mode and earn money automatically. To make it work on your behalf, you have to do the following:
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Why Choose NapBots?
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