You should be astounded to learn that a significant number of people may not research the various ways to buy gold before they make a purchase. While buyers should be evaluating the many separate methods to invest in gold, the benefits and pitfalls of stocks and bonds compared to gold is just about all many people take into consideration when requesting gold investment advice. Investing in gold in one form or another is not similar to investing in one stock versus another, so you should carefully consider your options before you purchase.
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This article is committed to helping you be aware of these differences so that you are able to increase profits. I couldn't feasibly fit everything you need to know about this subject into one small article, so my first word of advice is to read further. Having said that, let's jump to the gold investment advice you are really looking for!
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Stay away from buying any variation of paper gold. Paper gold covers a variety of items from mining stocks to gold certificates and they each have the same disadvantages when compared to physical gold. If you can't purchase gold any other method and have an Individual Retirement Account that won't accept physical gold I may make an exception, but that's it! Public bullion vaults do almost each and every thing paper gold can do all the while preventing practically all of the disadvantages. Paper gold does nevertheless give a tiny liquidity benefit over bullion vaults, however that's currently overbalanced by the drawbacks.
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My suggestion is that you do not buy gold coins. It might be more accurate to state that I don't advocate purchasing gold coins if you are not an authority in numismatics. Virtually all buyers, most importantly in financial disaster scenarios, will only be interested in the weight value so there isn't a reason for paying the collectible value premium when you purchase. Unless you're investing in the coins for the numismatic value itself there's no reason to pay the premium. There are exceptions, such as South African Krugerrands, however they are quality investments precisely due to the fact that they perform like gold rounds, not like gold coins.
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Gold rounds and gold bars are a great investment alternative. Mints and major merchants provide these direct and they can be had for a fairly low premium above the spot price. Heavier rounds and bars will have a lower premium while the lighter ones are easier to sell. Do not purchase these from the neighborhood pawn store - go to an established mint or dealer online. Having a recognizable brand such as Credit Suisse or the name of the mint stamped onto your round or bar is significantly better.
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Bullion vaults are a great investment choice for a wide range of individuals. I am partial to the ease of use and high liquidity, though I prefer to keep at least a portion of my gold in a more readily accessed form. If you are not worried about a financial disaster you can't beat bullion vaults for charge and ease of use.
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That brings us to the end of our condensed guidance, however this ought to only be the starting point for you. Objective setting is the most essential rule when investing in gold, & will need to always be done before you decide on which route to go. If you keep these tips in mind you'll be certain to prevent the standard pitfalls encountered when investing in gold.
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Simply nip over to my website for in-depth suggestions here: How to Invest in Gold Explained and Compared - How Much Gold Should You Invest In .
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