This article was contributed to Leisure Freak by freelance writer Lizzie Weakley.
Gold has long been a symbol of wealth and a store of value, and it is no surprise that gold investing has become increasingly popular over the years. Investing in gold can be a great way to diversify your portfolio and protect yourself from economic instability, but it can be overwhelming for those just starting out. This post will explore some easy ways to invest in gold so you can get started on your journey to financial freedom.
Physical Gold
One of the easiest ways to buy gold is to purchase physical gold coins or bars. Physical gold provides investors with complete control over their assets since they know exactly what they own and where their investment is stored. There are many reputable dealers who specialize in selling physical gold, such as APMEX and JM Bullion. When purchasing physical gold, however, it is important to keep in mind that you also have to factor in storage costs when calculating the total cost of your investment.
Gold ETFs
Exchange-traded funds (ETFs) are funds that track an underlying index or asset such as stocks, bonds, or commodities like gold or silver. ETFs are traded like stocks and can be bought and sold through any broker, making them a great option for those looking for an easy way to invest in gold without having to worry about storing their investments securely. Some of the most popular ETFs include SPDR Gold Shares (GLD) and iShares Comex Gold Trust (IAU).
Investment Apps
Investment apps allow you to purchase fractions of physical precious metals such as gold, silver, and platinum without having to pay for storage or handling fees. These apps, such as Monorail, make it easier than ever before for anyone with a smartphone to start investing in precious metals – all you need is an internet connection! Use your smartphone to do all the hard work for you.
Investing in gold can be a great way to diversify your portfolio while protecting yourself against economic instability – but it doesn’t have to be complicated or intimidating! Whether you decide to purchase physical coins or bars or invest through an ETF or app, there are plenty of options available for those looking for an easy way into the world of investing in gold. With a little research and due diligence on your part, you’ll be well on your way towards achieving financial freedom!
Much thanks to Lizzie Weekley for contributing this informative article for Leisure Freak readers.
Author Bio:
Lizzie Weakley is a freelance writer from Columbus, Ohio. In her free time, she enjoys the outdoors and walks in the park with her husky, Snowball.