Believe it or not, many investors back away from investing in gold even if the know about ever increasing gold value. With the falling dollar value, the gold value has to rise making gold the perfect thing to invest in.
There are many ways one can invest in gold.
- The first, and the easiest way that comes to mind is the ancient way of owning it. Buying American Eagles, Canadian Maples and equivalents is the way to go.
- Buying gold through services like E- Bullion might be just another way to go.
- Gold mutual finding is another viable option. It is basically buying stocks for companies like Newmont Mining or Barrick Gold that have assets in gold, or are into gold mining.
- Owning parts of gold mines with junior gold stocks. Although this method has potential for huge returns. It is also risky.
- ETF of Gold Exchange Traded Fund is probably the safest bet when it comes to investing in gold. These are mutual funds that own bullion itself and gets traded in a stock exchange. Streetracks Gold Trust and iShares COMEX Gold Trust are the two major players in that block.
Evidently, Nixon has laid the path to USD’s demise by removing the gold standard. I will not wait around for total depreciation of dollar value. I am going for some gold in my investment portfolio as soon as possible.
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