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Summary: Investing in gold can by done by investing in an exchange traded fund or a mutual fund that specializes in precious metals, as this can generate great benefits of diversification. Work through a manager who monitors the market with investing advice from a certified financial planner in this free video on personal finance.
Melissa Hammel, a certified financial planner (CFP) and nationally certified counselor (NCC), serves as the managing memberer and principal financial planner at Hammel Financial...read more
"Today we are going to talk a little bit about one of everybody's favorite subjects, investing in gold. Many times it is difficult or challenging to find a way to invest directly in gold. One of the easiest ways to do this would be to consider investing in an exchange traded fund or a mutual fund that specializes in precious metals investing. While you won't be investing primarily just in gold you will receive some great benefits of diversification in a variety of precious metals like gold, silver, and copper. In addition you will be having a manager help oversee the time to buy and sell and avoid having to make that decision yourself. Another reason that you might want to consider utilizing an exchange traded fund or a mutual fund that specializes in investing precious metals is that you are relying on a manager to oversee and make sure that it is a reputable purchase, the cost and expenses are appropriate and also that manager is responsible for following the rules and regulations that surround investing in precious metals."