How to buy Gold & Silver
How to invest and what to buy?
That is a very good question.
There are different ways to invest in earth metals:
You can buy ETF but as your idea is to SECURE your investment we would NEVER ever advise to buy any tracker or gold fund. These funds sell paper, not the metals.
They are not backed by the actual metals themselves! So what happens if things do go wrong and you want to cash-in on your position? All your money will be gone...
Personal physical possession can be accomplished by buying gold coins, buying gold bars, buying silver coins or buying silver bars and immediately taking physical delivery.
Assuming you have a good, honest dealer and you get what you pay for this is very secure. But, how are you gonna carry the bullion and where are you gonna store it? Under your bed and risk it haven stolen or melted in case of a fire? However, if you do opt for the real stuff then it is best to buy coins rather than bars.
This is by far the best way to invest in earth metals. You can open an account with a reputable company and put your money in a bank account. Next you decide what to buy - gold, silver, platinum. It is all backed by the actual earth metals! Very safe and secure. Our favourite.
There are several reputable companies offering these accounts, we ourselves have an account with GoldMoney.
Buying gold mining stocks is another good, but more risky option. Depending on your risk profile you may opt for stocks, but we would suggest to not only invest in gold mining stocks. Preserve your wealth and get your gold account...
In below's video in which Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp explains that whether to buy physical gold bullion and/or gold mining stocks depends on your risk profile. He compares junior gold mining stocks with senior gold mining stocks. Video recorded on November 5, 2010:
BST
Risk Management
Background Info
15 DAY FREE-TRIAL
BST - no-nonsense information
Ensure you have a low-cost broker
What are the current market trends?
