Top 3 Gold Investing Tips

‘Top 3 Gold Investing Tips’ Posted by American Coins & Gold

If you are considering getting started in the gold buying or gold selling industry, you are not alone. For years, millions of people have turned to gold bullion, jewelry, and coins as a protected investment that appreciates well over time. Many add gold to their portfolio to diversify their higher risk investments such as volatile stocks or real estate.

However, getting started isn’t always easy with the amount of contradictory information out there today. To help you on your gold buying or gold selling journey, we’ve outlined our Top 3 Gold Investing Tips to help you have the best experience possible.

1. Buy Physical Gold

One of the biggest benefits of the gold investing industry, is that it provides protection if your other investments or the economy begin to crash. We always encourage investors to purchase real physical gold from a trusted source. There are other options where you may purchase gold on paper, but these methods often don’t offer the full range of protection or security that physical gold provides. The most common physical gold items are:

• Gold Coins
• Gold Bars / Bullion
• Gold Jewelry

2. Own Gold Directly

This tip relates to the actual owning and storing of your gold investments. If you have a small amount of gold, your best case scenario is to keep your gold items locked and secure somewhere safe in your home. However, if you have a large amount or are looking for more security, be careful when choosing where to store it, Bank safety deposit boxes are a good start, but usually don’t have much space.

If you do decide to go with a storage or holding company, be sure you remain 100% owner of the gold. Some places will swindle you in the fine print and if your payment comes late or there is a billing issue, the company will then be the owner of your gold.

3. Amount of Gold

Our final tip for gold investing is last but certainly not least. This refers to the amount of gold to purchase for your investment. Even though gold is a more secure option, always understand that there is some risk involved with all investments. In the case of gold, you don’t have to worry about the price dropping dramatically, but you should only purchase an amount that makes sense for you.

One common rule of thumb we recommend is to only invest with funds that you will not need for at least 5 years. This will help your entire gold investing journey because your gold will have time to appreciate and gain value and you won’t be forced to sell if you are ever in a pinch for money.

Have more gold investing questions or looking to sell your gold for cash? Give us a call today!

We are not financial advisors. All investments have risk. Please be responsible when it comes to gold investing.