Many people turn to gold these days for investment. Here are some tips that you might use if you are one of them. In comparison to other markets of investment, gold has a proven track record of being stable. There are several people today who invest in gold, more to balance out their investments in other vehicles.
If you look at it, the more the economy dips, the more stable gold gets. In general, when you are looking to invest, bullion coins are your best bet. Buy them at a lower rate and then observe the market to know when they have hit an all-time high and you can earn a profit.
Now again, buying bullion varies from country to country. The most popular ones are the American Eagle, the Canadian Maple Leaf, the Britannia as well as the Australian Nugget. All of these versions come in 22-carat gold which is the best one to invest in.
Never ever fall for the trap that 24-carat bullion is a good offer. At 24 carats, gold is so pure that it is soft and will not stay in shape as a coin. A genuine coin is 22-carat, will have the total weight stamped on it, and will be coated with silver or copper to retain the sheen that it originally comes with.
The next thing you need to do is make sure you make your purchases from reliable dealers and that too at the rate of the day. The best part about gold coins is that they are a recognized means of finance across the gold. Krugerrands from South Africa too are quite popular this way too and form a sizable part of the bullion industry. Gold bars are another form of investment.
But here you have to remember that the smaller the bars, the larger the premium it carries. Gold certificates are another means of investment. Here you decide on the amount you want to invest. There are also several jewelry outlets that allow you to make regular investments with them. At the end of the year, you could exchange your investments for actual gold.
Most international or large banks have gold accounts that you can start with them. This is a great means to center all your speculation in gold. Gold mining shares are also an indirect means of gold investment where you don’t actually possess gold, but you can make a sizable profit on the way the sector moves.