The Best Way To Buy Gold

31 July 2015
 Categories: Finance & Money, Blog

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Gold is gold, right? If you are looking to buy gold, you need to know that not every way of buying gold will offer you the same return on your investment. For example, you could buy gold bonds, gold jewelry, rare gold coins, or gold bullion. Buying gold should not just be a matter of what is most convenient. Instead, you should also think about which way of buying gold offers you the most protection for your money. 

Gold Bonds

One way to buy gold is to purchase an SPDR gold bond. When you purchase one of these bonds, you get a bond that is backed by physical gold, which is stashed in a vault in London. If you want to visit the vault, don't. The SPDR fund does not disclose the location of the vault, but they have allowed a few people to tour it to provide proof that it actually exists. The attraction of buying a gold bond is that it is backed by physical gold, but you don't have to worry about storing your own gold. On the other hand, one of the main problems with an SPDR bond is that if the market collapses, you are left holding a piece of paper, which holds no intrinsic value by itself. 

Rare Coins and Jewelry

Gold has an inherent value, but some objects that have been made from gold might hold value beyond the worth of the gold that makes up the object. Valuing an object like a Roman coin or a Victorian gold necklace is tricky because ultimately the value is what people are willing to pay for it. However, if the market is doing well, people might be willing to pay more for an object that has a historic value.

Gold Boullion 

When you buy gold bullion, you are simply paying for refined gold. You have the physical hold in hand so you can fall back on the worth of gold if the market collapses, and you should have an easier time getting your money out of your gold than you would if you were trying to peddle a rare gold coin or locket. 

Investing in gold is a good way to protect your money against a market collapse. If you are looking for the best way to invest in gold, you will find more security in buying physical gold than you would with any other option for buying gold. For more information, check out companies like Rocky Mountain Coin Inc.