Following a year of stock market swings and other areas of economic uncertainty, some Americans may reevaluate their investments.
While you don’t necessarily want to let past events guide future decisions, you can use this time to evaluate whether your investments still align with your preferences. From there, you can decide what to try.
if you want, you are not limited to buying gold at a physical store Instead, Online gold in different ways. Get started by requesting a free asset protection kit to learn more about this unique investment opportunity.
How to invest in gold online
Some top approaches, in no particular order, include:
Buy gold bullion
Some companies sell physical gold bullion like gold coins or gold bars that you can order and have shipped to you. If you don’t want to store gold yourself, you can find gold investment companies that let you buy gold bullion and then hold the assets in custody for you.
You can also buy gold online directly from the US Mint, just as you would complete any other e-commerce transaction.
The benefits of buying gold bullion, whether you take possession of the gold yourself or let another company store it for you, can include more direct, tangible ownership of these assets.
Other ways to invest in gold may not be based 100% around gold, such as investing in a precious metal mining company.and other precious metals. Also, some investors prefer potential Such as the collectability factor of some gold coins, for example.
Some drawbacks, however, can be the hassle of storing gold, be it paying storage fees, buying insurance, buying a safe, etc. You may also pay a higher initial premium than other ways of investing in gold. And you may miss out on other benefits like dividends that come from investing in gold-related stocks.
You can explore your gold investment options with Goldco right here or use the table below to review some of the other top gold companies.
Investing in Gold ETFs
Another option to consider for online gold investment is gold exchange-traded funds (ETFs). This gives you a way to gain direct exposure to gold as an asset class while allowing the fund company to manage physical gold bullion protection. In the meantime, you may be able to manage assets alongside your other investments, such as through a brokerage app or online account.
The trading price of gold ETFs generally moves in proportion to the price of gold, although there may be slight variations, such as if the fund has a small amount of cash. And they can be attractive to investors who want liquidity, because you can usually buy and sell gold ETFs as easily as other stocks.
You may not pay more in initial premium than buying physical gold bullion. The trading price of the ETF may be relatively close to the spot price of gold on a proportional basis.
One potential disadvantage, however, is that gold ETFs charge annual percentage-based fees. So, the more you own, the more you can pay. For this reason, if you want to invest in gold ETFs, check online what different funds charge before placing an order.
Also, gold ETFs involve relinquishing some control to the fund management company vs. ETF trusts can have small, temporary cash holdings, for example, without investing 100% in gold. In general, however, these variations tend to be small.
Invest in gold-related stocks
Similar to investing in gold ETFs, some people prefer to invest in gold-related stocks, such as precious metal mining companies. As much as you can go to your brokerage online and place an order for a tech stock, you can buy shares of a company that mines gold, along with other precious metals like silver.
Doing so can give you exposure to gold as an asset class, because, in general, if the price of gold goes up, it will correlate with better financial performance for the gold mining company.
Plus, you can get the benefits that normally come with investing in stocks, such as the potential for dividends. And share prices can rise based on mining companies doing a good job of managing costs, rather than performance based solely on gold spot prices.
On the other hand, investing in gold-related stocks may expose you to additional risk. For example, gold prices may be strong, but mining companies may be allowing costs to spiral out of control, and therefore stock prices are suffering. In other words, you are betting on the performance of the company, not just the price of gold.
You can gain exposure to other mining resources, not just gold, which may beOr both, depending on your perspective.
As you can see, there are many ways to invest in gold online. OnlineInvesting in gold ETFs or gold-related stocks can be as simple as opening your brokerage app, or buying gold coins or bars online like buying a t-shirt while shopping online.
However, online shopping is usually more than that, so you probably want to take your time with this decision. Consider your goals, be it managing inflation risk, increasing diversification, taking a calculated risk, etc. Then, see if there are ways to invest in gold or other assets that align with your goals. A trusted professional can help you make this decision. An asset protection kit from Goldco can provide additional information.