We are currently in the middle of a global recession, which was primarily due to the pandemic that started in 2019 and is still having a negative impact on the global economy. If you are looking to switch some of your current investments into gold, here are a few ways that you can acquire precious metal.
- Gold Coins – There are quite a few 99.99% gold coins that range in size from 1/4 ounce to 1-ounce. These are easy to sell at the current spot price and they are globally accepted; these coins include the Australian Kangaroo, American Buffalo, American Eagle and Canadian Maple Leaf. A small-time investor might acquire a 1-ounce gold coin every couple of months, which quickly builds up. Other gold coins include rare antique coins and their value is not directly connected to the spot price, rather they are valued on their rarity.
- Gold Bars – Typically, gold is smelted into bars or ingots, with weights ranging from 1/2 ounce to 1kg and everything in between. Indeed, weights use both metric and imperial systems; up to 1 ounce is imperial and larger units follow the metric grams and kilograms. Those who are looking for gold for sale Brisbane dealers offer are fortunate to have a reputable gold bullion dealer on their doorstep. You can also head over to Google and search for a dealer in your location. When investing in gold, it’s best that you take physical possession, which would involve a trip to a reputable gold bullion dealer. This is the safest way to acquire gold, and a Google search will help you locate an established gold bullion dealer.
- Gold ETFs – If you wish to buy and sell gold but do not want the hassle of physical possession, you can buy a gold Exchange Trade Fund (ETF). These funds are easily liquidated into cash, which is one of the reasons people use ETFs when buying or selling gold.
- Mining Stocks – Rather than investing in gold, you can buy shares in a gold mining company; of course, as with any investment, there is an element of risk when you invest in company shares and your dividend depends on the quarterly reports. On average, gold mining operations are usually successful and investing in such businesses can offer a good regular dividend that is paid to the shareholders.
Where To Buy Gold
The best way to acquire gold is to contact a reputable gold bullion dealer; many such businesses offer a secure online payment gateway, and your gold will be delivered by a courier to your home address. Of course, you need to be sure that the bullion dealer is registered and above board; perhaps you should visit their offices for your initial purchase. After which, you can order from their website.
Now Is A Good Time To Invest In Gold
When global markets are volatile, investors scramble to sell their stocks and shares and move their wealth into gold. This increased demand results in the spot price rising, and that makes for a good investment. Whether you periodically buy a gold coin or small gold ingot, there are many ways that you can acquire precious metals.
Keep An Eye On Inflation
Inflation is rising all over the world, which is a sure-sign of a recession. If you wish to protect your wealth, consider moving into gold, which has always been a popular commodity to hedge against inflation.
If you would like the best advice regarding sound investments, talk to an established financial advisor, who can take a look at your portfolio and make some suggestions. It is always best to listen to a professional when planning to set up an investment portfolio.
