Investing in gold is a great way to diversify your portfolio and hedge against market volatility. Mutual funds and ETFs are often the easiest and safest ways to invest in gold, as each stock represents a fixed amount of gold that can be easily bought or sold in a brokerage or retirement account. There is no fixed amount of gold that constitutes a good investment, but it is generally recommended to keep around 10% of your assets in gold investments. Gold jewelry is another popular form of gold investment, though it requires investors to learn more about the risks of gold mining and associated companies.
If you want to invest in gold without the costs associated with physical gold, stocks may be the best option. Be sure to research different funds when considering ETFs or mutual funds for your gold investment. Investors often choose to buy small amounts of gold or gold stocks over time, to counteract price fluctuations. Buying gold ingots has some drawbacks, as you'll usually need a secure location and insurance to guarantee the investment.
If you decide that investing in physical gold is right for you, here are a few things to keep in mind: storage, insurance, and shipping costs. You can also invest in individual stocks through an account with a brokerage or investment app. Exchange traded funds (ETFs) that buy gold on behalf of investors are becoming increasingly popular. That said, many investors find this method very rewarding and one of the best ways to invest in gold. Gold bars are probably the most popular way to invest in gold, and for investors who have the cash and want to own physical gold, it might be the best option. People use gold and other precious metals to diversify their portfolios and as a hedge when the value of other investments decreases.
