If you’ve ever wondered what to do with your savings, the possibility of investing in gold may have crossed your mind.
If you’ve ever wondered what to do with your savings, the possibility of investing in gold may have crossed your mind. You probably have thought too, and how do you do that? Because it is one thing to make the decision, and another to know how to do it. Here are 6 tips to help you invent gold ira companies reviews.
1-You can buy physical gold in the form of bullion or coins. This option has several drawbacks: the risk of being stolen if you have it at home; the cost of custody in case you leave it in the safe of a bank (it is expensive) and the risk of it being damaged, with the consequent decrease in its value.
2- Certificate of deposits. It is the most widespread form. One acquires a certificate of deposit, which shows that we are the owner of that gold even though we do not physically have it in our hands or it is kept in any bank.
3-Get hold of shares of mining companies. There are those who prefer to acquire stocks of companies related to gold mining. It is also a reasonable option.
4- Investment funds: they work like normal investment funds. What characterizes them is that they only invest in shares of companies related to gold extraction.
5- Gold futures: they are derivatives in which, when the expiration date arrives, the buyer has the obligation to buy the gold, and the seller to deliver it. This option is good, but a little more complicated than the previous ones, among other things because you have to be very aware of the dates (if we miss the expiration, we have a problem).
6- Listed funds: they are like any investment funds, but they are listed on the stock market as if they were shares. Remember that it is a mistake to buy gold in a jewelry store if you want to make an investment: there are places, like the platformlingoro.com, or oro-express.es, which offer the investor the possibility of acquiring this precious metal according to their preferences.
And finally, if you are not convinced by any of these options, you also have the possibility of investing in silver. Some people think that, although it is cheaper, it increases in value faster than gold, so it can be a good solution to protect your savings. If you decide on it, you can buy, as they say inbankoro.com, silver bars or coins, buy certificates of deposit or invest in shares of companies linked to the extraction; that is to say, you can do practically the same as with gold.