Gold Tips on Investing in Physical Gold .pdf
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Gold – Tips on Investing in Physical Gold
Despite ever-changing global economic conditions, gold has retained its value
throughout the decades. It comes as of no surprise why people are
considering gold investment. That provides either capital appreciation, wealth
protection, or both.
And while there have been different forms of gold investment. From futures to
mutual funds, physical gold remains the top choice. Here are five tips on a
profitable gold investment for both the novice and savvy buyer alike.
Profitable Gold Investment Tips
Have a Plan of Attack
Any investing venture must be guided by a strategy or business plan. This will
maximize profitability and minimize capital risk both from short-term and longterm obstacles. Such as market fluctuations and account overhead fees.
As a rule of thumb, treat gold as a contrarian investment. Meaning you can make
a hefty ROI only if you purchase the precious metal when valuations are at the
bottom. Hold onto it until an eventual run-up in price. The risk, however, is that
your capital can get tied to the asset for years. But the returns can be
phenomenal if timed correctly.
Buy from the Right Source
Before you focus on finding and comparing prices, look for a precious metals
dealer who is licensed to transact precious metals. Even if prices are
competitively low, consider holding off any payments until you can verify their
credentials as a precious metals dealer.
A legitimate dealer will be able to help you understand the different
policies concerning the sale of gold, such as tax filing.
Diversify Your Investment Portfolio
Buy physical gold in different forms including bars, coins, and jewelries. For
coins, some of the ubiquitous choices in the market are American Buffalo and
When you diversify your gold portfolio, it minimizes risk in that supply and
demand can offset the losses in a form of gold investment.
Pick Out a Safety Deposit Box
It makes sense to have a secure container for your gold bullion. You don’t want
something as valuable as gold to be lying around the house unchecked. It must
be stored somewhere that is out of sight.
In addition to the risk of getting stolen, gold left unattended can get damaged
thereby potentially reducing its value. Pick out a quality safety deposit box or just
have it stored at your local bank to save you the time and hassle of shopping for
the right box.
Choose a Payment Method
Aside from upfront cash, there are a few other payment methods available for the
would-be gold investor. Credit and debit cards are the most commonly accepted
payment method, irrespective of the dealer you intend to purchase from.
Paper checks and bank account wires are also available options and is
specifically ideal for buyers who do not have the immediate funds to pay upfront.