Did you know that gold started being used as currency in 1500 BC? Ancient Egyptian and Mesopotamian societies used gold coins for trade and costly gifts. To this day gold bars and coins have remained the undefeated champion of economic safety.
Back then it was difficult for the average person to get their hand on gold, but today you only need to do a search for “gold bullion dealers near me”. Investing in gold is one of the best ways to keep your money’s value safe from inflation. Keep reading this handy guide to find out how and why.
One of the best and simplest ways to have gold in your investment portfolio is to purchase gold bullion. Gold bullion comes in gold bars (which look like shiny yellow bricks) and the far more affordable and common gold coins like the American Eagle or the South African Kruger Rand. You don’t even need a gold investing guide, the gold just increases in value.
Some people even like to diversify their precious metals and keep silver or platinum bars, jewelry, and coins. Whichever option you choose, be sure to buy from a reputable dealer and have a safe or a safety deposit box to protect your precious metals.
Finding Gold Bullion Dealers Near Me
When you’re looking to invest in gold, you can turn to either local or online gold dealers. Be sure to check online reviews of your local gold dealers to see what other customers think of them. Also, make sure that their storefront is in a safe neighborhood so that you avoid becoming an easy target once you walk out with your gold.
Going through an online service means you’re not a target. Buying from an online dealer also gives you a much broader variety of options to choose from, click here for more info. When you look at reviews, check that the courier they use also has a good track record of service.
Gold Stocks and IRAs
If you’re in a position where you can’t afford even the smallest coins or bars, you can still invest in gold! You can buy shares in gold mining companies (known as gold stocks). You can also buy into ETFs backed by gold and gold stocks.
The advantage of buying stocks and ETFs backed by gold mining companies is that your investment’s value can rise and fall much more than the gold price itself. You can make a lot of money on short-term trading if you stay on top of the company’s performance on a daily basis.
Investing in a gold-backed IRA is a risk-free way of getting a lot of the benefits of gold stocks investing. You simply open an account with the IRA service and deposit your retirement money into their account. They manage the investment portfolio and your money seems to grow on its own.
Make Great Investing Decisions Today
Investing in gold is one of the best decisions you can make in uncertain times like these, and there are so many ways to do it. It’s also super easy, simply search “gold bullion dealers near me” and find a dealer you’d like to buy physical gold from. If you’re more interested in stocks, you can purchase stocks in mining companies, ETFs, and IRAs.
Gold is great as part of personal and business financial management strategies. You can use gold as a defensive reserve, month-to-month capital management, as a retirement asset, or even leverage loans against your gold reserves. For more business and gold investing advice like this, be sure to check out our business blog.