Interestingly, more than 240,000 metric tons of gold have been discovered in recorded history. From societies that used gold as currency to famed treasure hunts such as Mel Fisher’s discovery of the Atocha in 1985, gold has been desirable and coveted for centuries all around the world.
Do you want to know the best ways to invest in gold? Look no further. Continue to read to learn more about how to invest in gold.
Best Ways to Invest in Gold
There are many different approaches to investing in gold. Below a few of the most common are highlighted.
Gold Coins
Gold coins from the Atocha era can range from $2,000 to over $6,000! You’re acquiring a valuable piece of history and making a great investment.
Gold coins are a common method people choose to invest in gold. Whether you purchase coins that are hundreds of years old or newly minted coins, gold coins can be a valuable asset to have in your safety deposit box.
Most modern gold coins are within the $500 to $2,000 range, which is good news for investors. The price flexibility provides an opportunity to purchase what you are comfortable with.
Gold Bars
Often when one thinks of gold bars, they think of Fort Knox. Under high surveillance, the United States has a collection of valuables including gold bullion bars. The gold reserve is worth trillions!
Gold bars are another common investment approach. Varying in size, gold bars are exactly what they sound like.
Miniature gold bars can be as affordable as $85-100, while 1-kilo bars are valued at nearly $60,000. Similar to gold coins, there is considerable flexibility when acquiring gold bars.
Jewelry
Wearing gold has been popular for thousands of years. From the elegant Cleopatra to 20th-century movie stars, gold has long been a staple in jewelry.
Jewelry that incorporates gold can be just as much of a fashion statement as an investment. Often pieces of jewelry that include noticeable pieces of gold are worth hundreds to thousands of dollars. Iconic jewelry manufacturer, Tiffany and Co., offers bracelets that are valued at over $6,000!
Whether you acquire a watch, bracelet, necklace, or ring, if the piece of jewelry has gold in it, it can be a valuable investment for the future.
Exchange-Traded Funds
Owning physical gold is not the only approach to gold investing. You can invest in a gold exchange-traded fund or purchase stock in a gold mining company.
With a gold exchange-traded fund, you do not have to put all of your eggs in one basket. Investing in an exchange-traded fund will allow you to invest in a variety of different mines. If one company is struggling, you can still reap rewards from other miners.
Start Your Gold Investment Journey Today
As conveyed above, there are many different and best ways to invest in gold. From acquiring gold coins and bars to investing in an exchange-traded fund, it is important to remember to invest in the most comfortable way for you.
At Only Gold, we purchase and sell gold. We offer a variety of different coin options and bar sizes. To learn more about our product offerings, please contact us today.
