When the world gets uncertain, gold becomes a popular investment. The price of gold has gone up for many decades, and people have the feeling that precious metals will not lose their value. There are a lot of ways to invest in gold or any precious metal for that matter. You can buy actual gold itself in bars, or you can buy gold coins. There are also futures markets and stocks you may invest with. A relatively new trend is investing in gold mining companies or buying their stock. You may also indirectly invest by investing in the companies that finance gold mining operations. Some good companies include Barrick Gold Corporation, Royal Gold, and the Hartford Gold Group. With these companies, you may buy physical gold, or invest in another way.
Royal Gold, which makes its money through streaming and royalties, was one of the highest performing companies related to gold last year by exceeding expectations.
The Barrick Gold Corporation is a well known gold mining operation that is doing well. This company had $1.5 billion in cash flow in 2016. Earnings were up 57 percent in the early part of 2017. This is one of the better-producing mining companies to invest with.
You may buy gold bars, or buy gold coins from many dealers around the world. The advantage is you actually have the metal itself. It will have value no matter what. The downside is that it produces no income, and you have to find a way - pay for - storing it in some way. There is also a cost to buy or sell.
Gold exchange traded funds are a way to buy gold and not actually have the metal in your possession. Exchange traded funds represent gold that the company actually owns. The cost of buying and selling is low and it is easy to trade. Some don't like it because you don't have the gold in your possession.
You can buy control over gold that will be in the future. With $4,000 you could control $130,000 in gold, for example. You still get the profits even though your investment is small. The downside is, if the market goes down, you could end up having to pay for that loss. You could make a lot, but you could lose your money and owe more.
You can own the gold mine. Investing in a mining company is just buying stock in the company itself. It can be very profitable, but if the price of gold goes down you could lose money. You could also lose if the company goes bankrupt or has major problems.
This is an investment in the companies that finance gold mining operations. It is like buying stock in a finance company. The positive is this is an investment that can make money. The price of gold going down can hurt this business and the mining industry can also affect these stocks.
You could get into coin collecting, and them being gold would be an added benefit. Jewelry can also be considered an investment, and you can enjoy it while you own it. Jewelry is a common way to own gold for many people. There are coins made specifically to be sold as pieces of gold and are not actual currency. Some companies also sell items made of gold that can be decorations, and they are still investments to a great degree.
The Hartford Gold Group is a reputable firm that deals in gold in several forms. you may buy gold bars, or you can get gold coins and other types of gold. This company makes it easy to buy pieces of gold.