In the digital age, when stocks, bonds, mutual funds, and exchange-traded funds (ETFs) are considered as better ways of investment, where does gold stand? For centuries, gold has remained an asset and a source of investment for people who prefer to have tangible assets. To be honest, you don’t even have to go far to buy gold – Many retailers and gold dealers now even have online portals. This brings to the question – Should you invest in physical gold? We have a quick review of the aspects that you need to know before taking the final call.
The obvious advantages
Let’s discuss why physical gold continues to remain in demand. Physical gold is valuable and tangible. Unlike ETFs, where the price of your investment can be influenced by many factors, you can expect to get a decent price with physical gold at any given point of time. It’s a tangible asset, so if you are having a hard time with other investments, you can still sell some of the gold immediately. With known and reliable dealers, buying and selling gold are simple things, and you will get the exact value of gold on that given day. Also, physical gold is extremely desirable and can be used for making jewelry and precious items. For a lot of people, rare gold coins are precious and they often pay a huge premium over the spot value for a coin they like.
On the flip side
Well, storing physical gold can be a problem, and it doesn’t bring you extra income, especially if you compare the different investments. If you consider all the aspects, you would realize that investing in gold is all about diversifying your portfolio. You want to add more dimensions to your investment profile, and in that context, physical gold should be considered.
Buying physical gold is easy, and if you are seeking to buy gold for investment only, go for 24k gold coins and bullion. Also, don’t invest all your money in gold alone. You want to have gold, but only for the entire investment profile. Do not buy gold and other precious metals from any other store but a known dealer, so that you can sell off as required and at the right price. As long as you are buying physical gold smartly, the price paid is does make sense. Check online for dealers and sellers near you!