How to Invest in Gold TheStreet 5/6/2021
It s never too late to invest in gold, no matter the gold price.
Whenever you buy gold, the first rule of thumb is dollar-cost averaging putting a fixed amount of money towards gold every month regardless of the price. For the average investor, this strategy spreads risk out over time and lessens the downside.
Most money managers advocate anywhere from 3%-10% in gold. More bullish managers recommend an allocation as high as 20%.
Gold is protection, insurance against inflation, currency debasement, and global uncertainty. Here are four ways you can invest.
1. Gold Bullion
Buy physical gold at various prices: coins, bars and jewelry. Some of the most popular gold coins are American Buffalo, American Eagle and St. Gauden s. You can store gold in bank safety deposit boxes or in your home. You can also buy and sell gold at your local jeweler s. Other companies like Kitco.com allow you to store gold with them as well as trade the met
Sprott Physical Gold Trust: Bitte unbedingt beachten () aktiencheck.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aktiencheck.de Daily Mail and Mail on Sunday newspapers.
Eric Sprott Cautions Investors To Fear The Financial System (GLD, SLV, PHYS, IAU, PSLV)
JT Long: The dire economic situation that persists globally despite the best efforts of central planners to make things seem normal leads Sprott Inc.’s legendary Chairman Eric Sprott to broadcast a loud message of caution: “Fear the financial system.” In this exclusive interview with
The Gold Report, Sprott says it’s time for people to take matters into their own hands and that means pushing further and further into precious metals equities as well as physical gold and silver. With 80% of his own portfolio in that arena, he certainly puts his money where his mouth is.