In our present world, gold is perceived to be one of the most stable investments in the world. Due to some of the events happening around the world currently, stocks are affected, trades are interrupted, inflation is hitting hard, and many others.
(See Robert Kiyosaki’s prediction about investing in gold)
Amidst all of the happenings, gold remains a hiding place for investors looking forward to having more income.
You must know how to buy and sell gold, which is why I’ll share 3 ways to buy and sell gold.
3 Ways To Buy And Sell Gold
Purchase gold bullions
Purchasing gold bullions is one of the proven ways to buy gold. This involves buying gold that weighs large kilograms. When you purchase this large amount of gold, it is advisable to hold and then sell at any point you feel you want to.
Note: there is a risk attached to holding physical gold! Ensure you keep it in a safe place to ensure that it doesn’t get out of your hand through physical means.
Take part in ETFs
This is also another way to buy gold. This applies to people who do not want to possess gold physically. All that it includes is investing your money and then you have a share of the gold. It can as well be called mutual funds.
Trade futures
Trading futures is more like the riskiest part of buying gold. Why do I say this? You are leveraging on whether gold would go the price you predicted or the other way round. It takes a lot of study and analysis to get this done.
Purchase jewelry
Gold is applicable in the making of jewelry. Research has even confirmed that 50% of the use of gold goes into the making of jewelry. You can purchase gold and then sell it later.
Purchase coins
We have different types of gold coins that you can purchase. Purchase any of these according to how much you have to spare for investment.
Note: gold Investment usually costs a lot, so you must be financially prepared to tread this path.
The most common ways to sell golds include:
Going through a dealer
Now, some people are buyers and are ready to pay any amount so far it is gold. You can get across to them to sell. Depending on the current market price and what it weighs, that’s how you sell.
Companies
Some companies would buy your gold from you. Just as you have to be careful choosing where to buy from, you should also be careful in choosing those you sell to.
Private individuals
Some individuals would buy your gold from you, especially jewelry. You can also reach out to them to have a business deal.
Pawn shops
This is another way you can sell your gold. Just ensure you are using the right individuals to get the job done.
Additional note:
Having seen all of these, I don’t think you’d be having any issues buying and selling gold. Just make sure you weigh your risks and do not try going overboard with anything.
