Two Ways to Invest in Gold without Buying the Bars

GoldTo become wealthy, it is important you do know not only how to save, but also how to invest. The latter allows you to grow money passively – earning while you are sleeping. Fortunately, there are different kinds of passive portfolios to choose from, and these include gold.

The shiny, shimmering metal from earth is one of the most valuable in history. Although its value in the market fluctuates, overall, it increases. The demand for gold is high. From electronics to medicine and finance, a piece of gold is useful.

Investing in gold does not have to break the bank or collecting gold bars. You can consider these two ways.

Gold sovereigns

Gold does not come in big packages only. They can also be as small as coins. Sovereigns are gold coins produced as early as the 1800s. It has a nominal value of only pound sterling, but a coin can have a 22-carat weight of gold.

These are some of the most popular coins, once referred to as gold standard currency, and there are many of them in the market. But if you are buying gold sovereigns in the UK produced during the 19th century or before 1932, you can also get yourself a collector’s item.

In the process, you have a good source of gold and a potential moneymaker if you decide to sell it.

Exchange Traded Funds (ETFs)

ETFs work similarly as mutual funds. Investors pool their money to invest in certain commodities. A manager handles the account. A large difference is the fact ETFs invest like a stock exchange. A gold ETF means the price of the asset is hedged on the value of gold at any given moment.

Gold is a volatile asset, which means its price can change significantly very quickly. But if you pay attention to the changes inside and outside the financial market, as well as choose a good ETF company, you can earn huge returns in a day.

Investing gold in this manner gives you better flexibility on how to use your money. You also do not have to worry about excessive safekeeping measures.

Posted on by Tsfp6 in Money Times

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