How to Invest n Gold
Investing in gold is important in this rough economy. It will provide a hedge against declines in stocks.
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Gold is one of a very few investments that usually contradicts other investments and with the dollar losing its value, due to the economic stimulus spending, there is a good chance gold will rise significantly.
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1. Gold ETF- an exchange traded fund(ETF) similar to a mutual fund, but trades on the stock exchange like a stock. It directly moves with the price of gold.
2. GLD - Stock symbol of gold that trades on the stock exchange representing 1/10 ounce of gold.
3. Gold Mutual Funds - Many mutual fund companies sell shares in their gold mutual funds.
4. Gold Bullion Coins - Buy from a coin or metal dealer for face value and up to 5% mark up over.
5. Gold Rare Coins - Buy old gold coins that are valued for both their gold content and rareness. -
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There are many options when investing in gold. Some are more liquid like stocks and mutual funds, others are more tangible, like coins. You need to find what is more important to you when investing in gold.
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