Investing In Gold: A Simple Guide For Beginners

Posted on: 22 February 2016

If you are looking to build your financial wealth over the long term, there are a lot of outlets you can look into that may yield you some kind of return. From investing in real estate to stocks and bonds, your search for the right investment can be lengthy and trying. But, there is one investment opportunity that usually stands out above the rest because of its seemingly logical opportunity: buying gold. If you are considering investing in gold, there are a few things that you are going to want to know before you get started. Here are a few of the biggest questions about gold investment and the answers you can take straight to the bank. 

Has gold been a good investment over the past several years?

Over the past three decades, there has been a 335 percent increase in the value of gold. Even though gold's value can sometimes drop according to the current trends in the stock market, in general terms it remains a stable investment opportunity and is fully expected to do so over the long term. 

Is it better to invest in physical gold or gold mining stocks?

Even though it would seem that physically buying gold and investing in gold mining stocks would be two completely different things, both of these can have the same benefits. Either way, with physical gold or mining stocks, there is a steady stream of demand for gold, so the value usually remains fairly stable. Additionally, gold would be valuable in times of economic uncertainty, whether it was mined or physically owned. However, there are a few advantages of physical gold over gold mining stocks, including:

  • a more stable value over the long term
  • physically owned gold can be used in an IRA account
  • Buying gold means you have personal power over your investment

If you go with physical gold investment, what is the best way to store the gold that you buy?

When you buy gold as an investment, there are several different ways that you can store what you own. While you could always buy gold jewelry pieces and stuff them in a box, most buyers prefer to have the gold molted down into coins or bars for easier storage. You could always keep the gold in a safe at your house, but you could also place your gold on a bank deposit box or hand it off to a third-party firm that specializes in housing personal gold for their customers. 

Contact companies like Rocky Mountain Coin Inc for more information about buying gold to diversify your investments.