Throughout the ages, gold and other precious metals have been used for their incredible wealth-building and wealth-retaining characteristics. It is because of these characteristics that IRA investing in gold is an easy, fun, and, most importantly, a very profitable endeavor.
This investing guide is going to give you the ins and outs of the gold investing game, as well as tips and advice for budding investors and retirement wealth builders alike.
An investment in gold, or any other precious metal for that matter, is a solid long-term investment that provides additional protection against a number of factors ranging from inflation and deflation to civil unrest and future economic uncertainties. Buying, selling, and trading gold does come with certain nuances and involves a degree of understanding that is rather important.
The numerous benefits that an investment in gold brings to both your investment portfolio and your retirement funding, is an investment that is going to change your life.
Preserving your already accumulated wealth is one thing that gold definitely does, but the ability to produce a profit is one thing that sets it apart from the more traditional investment options.
Gold holds its value exceptionally well, and with that, you are not running the risk of depreciation in your investment. Rather, your gold has the ability to bring you wealth far exceeding what you initially invested.
Now, that is certainly something that should stand out in the win column. Let’s take a closer look at investing in precious metals and how you can get your hands on some real money – gold.
Investing in Precious Metals
Precious metals have many attractive qualities that are appealing to a multitude of investors, from the most novice to experienced investors. The most popular types of precious metal investments include gold, silver, platinum, and palladium, with gold being the most beneficial and durable in that it holds its value exceptionally well.
Silver has traditionally been used as an investment that goes back and forth and is kept for its alternate value as a metal that contains tangible industrial uses, thus making its value more volatile than that of gold. Silver is great for beginner investors because of its lower price, thus making it easier for investors to begin with.
Gold and other precious metals are used by the majority of investors for their inversely proportional relationship to the more traditional stock and bond investment options, especially during times of financial turmoil.
As the prices of stocks, bonds, and real estate decrease, their inverse relationship with gold and other precious metals dictates that the value of these metals increase. Investing during times of uncertainty also assures one a profit when selling during times of financial certainty.
An investment in gold is a particularly attractive option, especially during times of war and political crisis, as physical gold is much more attractive during these situations. The major benefit comes when you are able to hold your own gold physically in your possession for greater security and peace of mind.
Additionally, having a well-diversified portfolio will provide additional protection against losses due to both micro- and macro-economic factors influencing regular, more traditional investment options.
How to Invest in Gold
There are a number of ways that someone can invest in gold, either by way of Gold Stocks or Physical Gold. Each of these options does come with a few IRA investing options to be considered.
Gold Stocks
Exchange-Traded Funds
Exchange-traded funds (ETFs) are relatively new ways of making a profit from the fluctuating price of gold. Investing in gold stocks is not an investment in actual physical gold stock but is rather an individual purchase of a security in the investment itself. You do not own any actual physical gold. Some ETFs directly track the price of gold, while others invest in companies within the gold-mining industry.
Gold Futures
By making use of gold futures, you are essentially investing in the price of gold and, again, not the physical gold itself. Buying and selling gold futures works on the speculative price of gold at a particular stage or time, and profits are made on the difference between the value change and the expected value change. Those who do their homework and understand the gold industry properly stand to profit handsomely.
Physical Gold
Gold Accounts
A gold account is one that is usually held at the bank and is a preservation of the value of your gold in a number of ways. An allocated account purchases your gold, which is then held in a secure location, such as the bank itself or a guarded warehouse. An unallocated account purchase does not store your gold; rather, it is used for investment by the bank for its own purposes. Although an unallocated account does not store gold, it is a better way to profit from the long-term investment of gold.
Gold Bullion
Gold bullion is a highly sought-after and tangible form of gold that has attracted and intrigued investors for ages. Gold Bullion Bars can be bought just as governments do and are recognized as being at least 99.5% pure. Bars of bullion are purchased at their per-ounce value. 
The advantage of purchasing a bar of gold is in the cost of the purchase. A smaller quantity carries with it a higher markup from the spot price of gold, making this investment a greater opportunity for realizing a profit.
You can purchase gold bullion in a number of ways, including through an online dealer and includes gold items such as Krugerrands and other gold coins from various countries across the globe.
The attraction of gold is something that has long caught the attention of those seeking to preserve and create their wealth, and this gold investing guide should provide you with some insight into how to best go about doing this. After all, the value of gold does not seem to be dropping any time soon.
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