Gold is one of the most precious metals on earth. It is also the most expensive of metals found. That’s why people prefer to invest in gold. While many of us like to save money, the wise decision is to invest it. Gold is one of the best things to invest your money in. And with the gold prices going up every day, Ken Poirot has shared some ways on how to buy Gold and invest in this. Ken Poirot is a financial professional who has experience supervising the investment of billions in client assets.
According to him, the first and easy way to invest in gold is to buy physical gold. Goldman Sachs just predicted that gold prices would go higher in the future. That means it is a safe bet. Buy gold coins and bars, and save it when the prices are highest, then you can sell it and get your profit. If you do not know about the prices, you can always do the research.
The second best way is to invest in gold mining stocks. When the price of gold goes higher, so do the gold mining stocks. But some companies do better than others. So do the background research like balance sheets, cash flow, debt levels, current gold production, and predicting future gold production so that you can make an informed decision.
The third way is to buy a gold ETF (Gold exchange-traded Funds). It is a bit risky as the price of the Gold ETF may or may not go up with the gold price. So, buying the wrong ETF may lead to a loss.
That’s why it is better to invest in physical gold. Not everyone has time to do the proper research before investing in gold mining stocks or ETFs. So, gold bars and coins are the safest options.