With coronavirus impacting world economies a question arises about investment. There are various investment options available in the market and people are figuring out which one is the best. While other options crumpled with the changing scenarios, gold stood rock solid against the crisis. This is alluring a lot of investors in buying gold.
There are many ways to invest in gold. According to the financial professional, Ken Poirot, one of the most common ways of how to buy Gold is to buy coins or small bars. Quadrupling demand for bars and coins has been seen from early 2000. What is interesting is that this is not even area specific. A rise in this mode of buying has been observed in both Eastern world and the Western world.
This mode of buying gold via Bars and coins is about two thirds of all the gold that is bought. China is emerging as a new market in this area. Older markets also stand firm and have remerged. Markets such as Europe have bounced back.
ETFs and ETCs hold one third of the market share for gold investment. Since their launch in 2003, they have continuously grown. Today, they hold about 2,300 tonnes of actual gold for investors across the globe.
Bullion banks provide allocated and unallocated gold accounts. Internet Investment Gold is getting more and more popular each day. People are dealing with gold online. The service allows customers to buy gold on the internet. This gold is kept in safe vaults. As and when people need it they can take it out of the safe vaults.
Popularity of gold is timeless. The rare metal has been popular since centuries and it seems that investment wise it is the safest bet with assured returns.