Many investors new to precious metal investing have been asking me about the best ways to buy gold, because as you may already know there are many different types of bars and coins that may benefit different types of investment portfolios. Before I dig into the actual products, it’s very important that you know that physical delivery of your bars and coins is highly recommended as one of the best ways to buy gold. During our current volatile and dangerous economic environment, it just isn’t wise to own gold stocks, or even worse, having a company holding your metal for you. This being said, always make sure that you receive your bars and coins in your hands, that way nothing gets in your way when it comes time to liquidate. It is without a doubt a significant advantage to have physical possession metals as opposed to stocks or exchange traded funds that are volatile to the dangers of this financial crisis.
As far as products are concerned, the best ways to buy gold really all depends on your personal investing goals and needs. Many investors who seek a short-term profitable diversification typically purchase bullion bars or coins like the American Eagles, Canadian Maple Leafs or Johnson Matthey bars. Bullion products are commonly seen as a short-term profit-taking tool because they are volatile to sudden market fluctuation, yet when the market is going up they have proven to make many investors a lot of profit. On the other hand, investors who seek a long-term preservation diversification typically purchase investment-grade certified rare coins like the $20 Saint Gaudens or $20 Lady Liberties. Certified rare coins are not as volatile to sudden market fluctuation as bullion, making them a favorite for investors who want to buy some gold and then store it away for years as it potentially accumulates value over time.
John Halloran
Senior Gold Specialist - Buy-Gold.org
