How to Buy Gold As a Personal Investment
Gold has been used as an investment of value for thousands of years. While buying and holding gold coins and bullion is still a popular way to invest in gold, modern investors have more choices for investing in the precious metal.
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Physical Gold
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Buy physical gold such as coins or bars. The holding of physical gold is a primary way that gold has been used as an investment in the past. Physical gold such as coins and bars is still a popular way to buy gold. Holding physical gold often provides peace of mind to the investor as the investment can be held and seen, unlike a commodities market investment.
Be cautious and do your homework before making your purchases. Counterfeit coins from China are reportedly flooding into the U.S. market, according to a late 2009 warning from Swissamerica.com. Five key coin certification organizations have cooperatively issued a warning to collectors about these fakes reportedly appearing frequently on online auction sites and at flea markets, the gold investment website says.
Gold Financial Instruments
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Find a suitable gold exchange traded fund (ETF) They are a useful way to invest in gold and can be used in retirement accounts. Investors can opt for gold futures and options as well.
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Gold Mining Companies
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Buy stocks of gold mining companies. As with any stock purchase, the investor should look for strong companies that produce their product efficiently and have solid ratings from analysts.
Buyer Beware
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Use caution before arranging deals with gold brokers or companies that use enticing promotions to enlist buyers. Prosecutors in California are investigating more than 100 consumer claims that a seller either misled them or did not provide the specific coins ordered.
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References
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