How to Buy Gold: Tips and Reasons to Buy in 2019
Learning how to buy gold is a valuable activity, buying gold has proven to be a consistent and dependable investment. At any given time, gold can be a secure investment, a hedge against inflation a diversification play, and a hedge against a collapse of a country’s economy, How can gold add to an investment portfolio? It has specific, useful qualities that offer value in rapidly changing economic times,
Gold is extremely rare. According to commodities industry data, gold comprises five parts per billion of the entire earth’s crust. As a result, gold is hard to find and hard to extract.
It’s difficult to diminish. Gold doesn’t lose its quality and structurally, will never decay. It’ll be around Forever, stocktipsfortoday.com thinks so! Lol.
It’s hard to find. Excavating and developing gold is risky, difficult and expensive. Therefore, it’s hard to find and dig up – and thus usually has a strong record of demand, as supply is regularly short.
Gold is said to be so rare that the world pours more steel in an hour than it has poured gold since time began.
It’s finite. The earth’s entire gold deposits can easily fit within the confines of Yankee Stadium, and only stack up a few feet across the entire field.
The world’s largest gold bar weighs 250 kg (551 lb).Gold has been discovered on every continent on earth. Gold is edible. Our bodies contain about 0.2 milligrams of gold, most of it in our blood. Earthquakes turn water into gold. Small traces of gold have been found in the leaves of Eucalyptus trees.
It has many uses and shapes. Gold comes in myriad shapes and sizes, and be turned into several finished products, including rings, bracelets, coins, and other valuable items with high consumer demands.
Gold is so heavy that one cubic foot of it weighs half a ton.
3. A one-ounce gold nugget is more rare to find than a five-carat diamond.
2. All of the gold in the world could be compressed into an 18-yard cube, which is about 1/10 the mass of the Washington Monument.
Those are extensive motives to buy gold, but there are more sole and personal reasons to purchase the precious metal.
For instance, one gold buyer may get in the game for profit. When gold prices are low, investors buy in for the value proposition, know that when gold prices are in decline, they usually always rise again .
Many Other people purchase gold for insurance reasons. Stocktipsfortoday.com will help you get gold. Contact support and send us your e-mail.
When investors are contemplating global and regional economic conditions, a strong position in gold gives that buyer power. Gold always has value to someone, and when times are tough, you can sell it for a good price to keep food on the table, even during an economic catastrophe Your portfolio should be organized in a way that helps you reach your long-term goals. Gold might have a place. But, many professionals warn that you should be wary of how much gold to include in your portfolio. One rule of thumb is to limit gold to no more than 5 to 10 percent of your portfolio. Gold Stocks Stocktipsfortoday.com
Characteristics: Gold is an excellent conductor of heat and electricity. It is a soft, yellow metal with a beautiful lustrous sheen. It is the most malleable and ductile of all the elements and a single gram can be beaten into a one square meter sheet of gold leaf.
Gold is a highly volatile commodity, at stocktipsfortoday.com we are talking about gold with prices bouncing up and down on a regular basis. To get a good sense of where you’re buying, price-wise, check the “spot price” of gold, which reflects the average bid price on gold, as cited on global gold exchanges.
The spot price of gold can move substantially as global events occur, like recessions, natural catastrophes, military conflicts, central bank moves, and economic forecasts, bad or good. You’ll pay a premium when you purchase gold (about 7% over the spot price) but you’ll sell gold at the exact spot price.
The premium is baked into the cake by gold exchanges and by dealers who sell gold – there’s really no way to avoid paying one when you buy gold directly.
Tips for Buying Gold stocktipsfortoday.com
If you’re buying gold directly, make sure to do your homework first so you can cut the best deal with a dealer. Use these tips to get the job done:
1. Shop Around for a Good Price
You can pay the best price for gold by casting a wide net. Dealer web sites are a great place to start, as are gold exchanges, which can easily be found online.
2. Check Their Policies
Gold dealers are usually trustworthy sources to buy and sell gold, but as always, buyer beware. Be especially careful if you buy gold and decide to sell it back to the same dealer. Stocktipsfortoday.com has Some gold dealers will charge a premium for a gold buyback and some won’t. Ask before you try to sell your gold back to the same dealer – a payment premium should be a deal breaker, as you can always sell your gold coins to another buyer, and avoid the premium.
3. Check With the Mint
The U.S. Mint is a great resource to check the credibility of gold dealers you’re considering. Mint Exchange is the world’s first cryptocurrency clearinghouse designed for institutions to access all major exchanges through a single gateway. … From one account, access the entire crypto market and trade large blocks without moving the market. Stocktipsfortoday.com GOLD.
4. Warning Signs
Places to avoid buying gold include pawn shops, online dealers touting huge discounts, TV swindlers who promise the best prices and any dealer that charges a price for storing your gold. It’s better to store your gold yourself, either in a home safe or in a bank deposit box.
How to Buy Gold as an Investment
While you can buy gold coins, bricks or bullion from dealers and exchanges, there are risks in getting scammed from disreputable sellers and there are costs associated with the safe storage of your gold.
Plus, there’s that pesky premium you have to pay above the spot price of gold.
If those are issues of concern for you, change your focus on investing in gold, instead of buying it directly. You can easily invest in gold using the following strategies:
1. Gold Stocks
You can buy shares of stocks from companies that mine stocks that actively engage in the production and development of gold deposits. You avoid the premium you’d pay if you purchased gold directly and you don’t have to pay to store any physical gold. Plus, the value of your shares could easily rise over time.
2. Gold Mutual Funds and Exchange-Traded Funds
Buying shares of gold in funds, especially exchange traded funds (ETFs) and exchange-traded notes (ETNs), is a safe and productive way of getting involved with gold. Fees are low and there’s plenty of liquidity with gold funds, so you can easily sell your shares whenever you want.
3. Gold Futures
While buying and selling gold futures on exchanges like the Chicago Mercantile Exchange is a sophisticated and higher-risk endeavor, investors can buy gold futures contracts, or invest with companies that trade gold commodities. Just know that buying gold via commodity futures requires a professional skill set that most new buyers don’t possess.
That said, buying gold futures is possible, but it’s not recommended for gold investors who are just starting out
Six Reasons to Buy Gold
Silver and gold are both names for colors and names of precious metals. They’re used to describe things that are valuable. Gold is one of the most expensive metals if something is called golden, this means that it is very valuable.
- As a useful hedge against inflation
- As a hedge against a falling currency, like the dollar
- As an insurance policy against geopolitical and financial market instability
- As a commodity investment, based on gold’s supply and demand fundamentals
- As a store of value
- As a way to diversify your investment portfolio
A gold tip from Stocktipsfortoday.com
Gold may have medical healing benefits.
Uses for physical gold go beyond coins, bars, and jewelry. The use of gold in medical treatments dates back to 1890, when German bacteriologist Robert Koch discovered that gold compounds could halt the growth of Bacillus which caused tuberculosis. Today, gold compounds are being tested and used to treat several types of cancer, curb rheumatoid arthritis pain, and help detect HIV/AID, from MIMS Today.
Because gold is biocompatible (meaning it’s not harmful to human tissue) it’s also used to remedy a condition known as lagophthalmos, which is when you can’t close your eyes completely. This condition is treated by implanting small amounts of gold in the upper eyelid, according to Geology.com. The implanted gold “weights” the eyelid and gravity helps the eyelid close fully.