4 Best Ways to Invest in Gold and Silver
Apart from buying physical gold or silver, there other digital profitable ways one can invest in these precious metals at his comfort, worrying less about all the risks that may come while dealing with physical gold. Some of the best genuine ways of investing in gold silver include;
Authentic Methods to Invest in Gold and Silver:
-
Exchange-traded funds (ETFs)
What Are ETFs?
Gold and Silver ETFs are designed to track the prices of these precious metals and provide an easier way for investors to gain exposure to these metals without owning physical bullion.
Some o f the popular gold ETF’s include SPDR Gold Shares (GLD), One of the largest and most liquid gold ETFs, iShares Gold Trust (IAU), Offering similar exposure to gold as GLD but often at a lower expense ratio. Aberdeen Standard Physical Gold Shares ETF (SGOL), Physically backed by gold stored in vaults.
Popular silver ETF’s include iShares Silver Trust (SLV),one of the most popular silver ETFs. Aberdeen Standard Physical Silver Shares ETF (SIVR),Physically backed by silver, ETFMG Prime Junior Silver Miners ETF (SILJ), Focusing on small-cap silver mining companies, offering leveraged exposure to silver prices through mining stocks.
How to Invest in ETFs?
You simply have to open up a brokerage account from a reputable brokerage, make sure he offers a wide range of ETF services.
Understand and keep yourself updated about the ETF holdings and performance through watching financial news and visiting ETF screening tools for better results. The you can enter the ticker symbol of the ETF of your interest, specify the number of shares you would wish to buy or sell.
-
Buying Gold and Silver Mutual fund.
With mutual funds, multiple investors pool money together to purchase a diversified portfolio of assets some of which include stocks of mining companies, bullion, and other related investments.
Mutual funds are managed by experienced fund managers, they are much easier for individual investors to participate in the precious metals market with out owning physical gold and they also Spread risk across multiple companies and sometimes different metals.
Gold Mutual Funds, Invest primarily in gold mining companies and, in some cases, directly in gold bullion and Silver Mutual Funds focus on silver mining companies and sometimes invest in silver bullion.
Popular mutual funds include Fidelity Select Gold Portfolio (FSAGX) investing in companies engaged in gold-related activities, including mining, exploration, and production, VanEck International Investors Gold Fund (INIVX) focuses on gold mining companies but also invests in other precious metals and USAA Precious Metals and Minerals Fund (USAGX), Offering exposure to a range of precious metals by investing in mining companies globally.
-
Buying Gold and Silver Mining Stocks
Mining stocks are shares in companies engaged in the exploration, extraction, and production of precious metals. These stocks offer leveraged exposure to metal prices, meaning their value can significantly rise or fall based on the price fluctuations of gold and silver.
Mining stocks often provide greater price movement than the metals themselves, Some will pay dividends to shareholders. Mining stocks include Large, established mining companies with extensive operations and Junior Mining Companies.
-
Buying Gold and Silver in its physical form
If you prefer tangible assets that can be seen and felt at your hand palm, then you should go for physical gold investments. Purchase it from reputable gold dealers, store it in a safe deposit box at home or in the banks.
That way it is very safe, you wont have to worry about it being hacked, destroyed or erased because of some tech failures. You can decide to buy in its raw form or purely refined form, sold in different sizes and weights depending on your investment budget plans suiting all kinds of investor needs.
You have to put into consideration the transport, insurance and storage costs if you are planning a physical gold investment.
Invest in Gold and Silver Today!
Related Topics: