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Hey everyone in this video i’m going to be explaining how you can start investing in gold. The topics that we’ll be covering are the benefits of investing in gold, the risks, and how to get started. But before we get into any of that be sure to smash the like button down below for the YouTube algorithm! Also, if you would like to see more weekly videos on finance then be sure to subscribe!
So how do you actually start investing in gold? So, first of all, there are a couple different ways that you can go about doing this. With the more popular options being investing in gold ETFs, buying mining stocks, and then there is the obvious option of just buying physical gold.
So for gold ETFs you don’t have to worry about storing actual physical gold, which means you never have to worry about your gold being stolen. ETFs are also similar to stocks because you can trade them throughout the day which makes it very easy to buy and sell them.
Next is mining stocks! This is a much more direct way of investing in gold because you are investing in a mining company. You can buy mining company stocks or a mutual fund that focuses on companies that mine precious metals. Also, if you would like, you could do this with other precious metals like silver or platinum.
And for the last method of investing in gold before we talk about the benefits and the risks is actually buying physical gold. This could come in the form of gold bars or gold coins. But, gold coins are considered a better investment than gold bars because they offer slightly better liquidity. You can buy real gold at a number of places, especially online. But, before you do that, make sure you are buying the gold from a good source. But now, let’s talk about the benefits.
So! Gold is such a great investment and offers security against inflation. This is due to the fact that gold is in limited supply. That scarcity is what makes it keep the same amount of value over a long period of time. For an example, if you had an ounce of gold 100 years ago, you could buy roughly the same amount of items as you can today with the same amount of gold. This obviously wouldn’t work if we were using paper money in the example because of inflation. Another benefit is that when some of your other investments start to decline, gold will tend to continue to rise. And one more benefit which some but not all people really care about is that if you own physical gold, no one has to know you own it. You can keep it a secret.
Moving onto the risks of investing in gold. One of the biggest risks if you decide to buy physical gold is that it can be stolen. A thief could rob you and steal all of your gold and then your investment is gone. This could be something to persuade you to invest in gold ETFs or mining stocks, because those couldn’t really be stolen like real gold can. Another risk is all the costs for trading gold and storing it. This counts as a risk because gold won’t pay you. It’s not like you’re getting dividends from gold. It sits there so you have financial security.
But anyways those are some of the ways that you can invest in gold, and the benefits and the risks of doing so. If you liked this video and thought it was helpful then be sure to smash the like button down below for the YouTube algorithm. Also, if you would like to see more weekly videos on finance then be sure to subscribe to my channel! I hope you have a wonderful day!
Gold ETF vs Mining Stocks, How To Invest In Gold – Investing For Beginners 2020.
Buying Gold And Silver Coins – American Eagles
And, at the very same time many individuals are arguing versus it. Remember that gold is embedded in the investors’ minds as the bringer of ultimate wealth. The dealership will pay you a little less than the market cost of gold.
How To Invest In Gold – Investing For Beginners 2020, Play new updated videos related to Gold ETF vs Mining Stocks.
Spot Gold Trading On Forex Can Be Highly Profitable
Furthermore, if I manage my own portfolio of thoroughly selected stocks, I regularly beat the gold funds whenever. Likewise, when purchasing bullion you can choose your kind of gold. But lets just state we are often dissatisfied.
ETFs have become a popular trading tool for many individuals over the past few years. There are now ETFs for basically any sector or index you can consider: ETF oil, ETF gold, ETF energy, ETF Dow, and so on. The list is a mile long. The basic thing about ETFs is that they enable you to cling to a portfolio of stocks or bonds and conserve you the time and the risk of handpicking stocks.
Unless you are wishing to propose to your loved one, it is a horrible time to be purchasing gold. Why? Due to the fact that if you buy gold now, it might be years prior to the gold market moves significantly higher prior to you see a revenue. Now if you have a few hundred thousand dollars to invest, then it may be a great opportunity to capture it in a minor dip in cost. But if you are a routine man like me, I have difficulty just putting a number of additional dollars back for retirement today in this hard economy. You may think about investing into a Gold ETF, however unless you are a savvy investor, KEEP AWAY.
Another choice you have if you really want to have gold as a financial investment is to buy gold certificates. This gets rid of the issue of saving heavy and large bullion or coins.
Gold mutual funds have all the inherent issues of the underlying gold or precious metal mining stocks. The quality of business management, debt ratios, the cost of mining and the political landscape all have to be represented. Gold Mining Stocks may not follow the cost motion in gold.
Well, ETF’s (Exchange Traded Funds) are just like stocks. They are quickly purchased and offered. You can get in and out quickly. They appear like the ticket for purchasing gold or silver easily, without the difficulty of personally owning it and selling it. It appears that way on the surface area anyways.
Base your Gold Investment s on macroeconomics – looking at the bigger photo is very important when thinking about a Gold Investment. Analyzing things such as inflation and GDP are vital to a sound and effective return on your financial investment.
If your not into all of this difficulty, and your searching for a hassle-free and quick way of doing it. then you handle a refinery that buys gold. The most popular and trusted online approach is through Cash4Gold. They will send you a prepaid envelop to deposit your precious jewelry in and get back to you by phone. You’re under no responsibility to accept their deal, and a lot of times if your not happy with the deal, they will typically up their deal. Remember, contrary to what you may believe, 14k gold is not pure. it’s just 58%.
It’s difficult to picture, however possibly at some point I’ll just offer them all. I’ve seen a number of times where a coin collector was made an offer he/she couldn’t decline, and decided to offer. I guess it would better for me to offer my coins, than for somebody else to liquidate them after I pass away.
The basic guideline in portfolio management is to have no more than 5-10% of your money purchased metals. Indeed, starting little can result to wonderful, big things. In 1980, the cost of gold started at $524 per ounce.
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