Throughout history, storing gold has been a favorite investment of the wealthy and out of all the precious metals it remains the most popular investment out. For many, gold is a way of riding the natural economic fluctuations. Furthermore; gold is portable in that it is accepted across the world with the same meaning and perception.
This blog post provides 4 ways to invest in gold. The best choice varies from person to person and rests on on the amount of money you have to invest, your investment objectives, the amount of risk you can absorb, and the length of time you intend to hold on to your gold.
Manage your risk – Accumulating, gathering and storing scrap gold has become a common investment approach. With gold prices steadily rising, buying scrap gold is a low-risk way to invest in this valuable resource.
Keep it in the family – It might sound surprising, but asking your family and friends if they have gold they are looking to get rid of wont do any harm and could easily be effective. There will most likely be members of your family who have broken gold watches, bracelets and necklaces.
Place adverts online, newspapers and make use of word of mouth. Run the advert in as many mediums as possible.
Place an ad on gold related sites and forums. This is similar to a newspaper ad, yet is entirely free and has the potential to reach more people
Screen and continuously observe internet auctions. Gold will often sell for less than their scrap value, making them a great investment tool. Be sure to factor in any taxes or shipping costs before bidding.
Develop relationships with local pawnshops. Leave your contact details with them. Some smaller shops may not have a refiner or even want to deal with scrap gold.