You can buy physical gold via several different routes. Which one you choose will depend on your preferences and your circumstances, as well as your investing strategy. Here’s some of the ways you can buy physical gold:
- Coins or bullion: you can purchase gold coins or bars from a reputable dealer such as the US Mint, the Royal Canadian Mint, and BullionVault. There will also be local dealers in your area.
- An exchange-traded fund (ETF): if you want to invest in gold without actually owning the physical metal, a gold ETF is an easy way. It is a fund that tracks the price of gold, and it can be bought and sold in the same way as stocks.
- Precious metals IRA: if your interest is in investing in gold for your retirement, then a precious metals IRA (individual retirement account) allows you to buy gold or other precious metals and store it in a secure facility (a custodian).
- Gold jewelry: you can buy gold jewelry or other items from your local jewelry store or from a pawn shop. However, be aware that as well as the actual value of the gold you may be paying a premium for the craftsmanship of the item.
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If you are buying physical gold then you need to purchase it from reputable dealers – so do your research. You will also want to find a way to store the gold securely so it’s not vulnerable to theft or damage.