Pan for Gold

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Invest in Gold

There are a few different ways you can invest in gold to take advantage of its rising value -or possibly loose if it goes down, all investments have risk.

Buy Gold

The most direct way to invest in gold is to acquire real physical gold that you can hold in your own hands. You can stash it under your bed or bury it in your back yard (don't forget where). However, those are not the safest options, a safe deposit box at your bank is a better alternative.

Where do you get this gold? Well, you can head into the mountains and pan it yourself. For most people, however, this method is recreation and not likely to produce large amounts of gold.

Gold Coins

Gold coins are produced by many different countries in many different sizes. The American Eagle gold coin is available in sizes as small as 1/10 ozt. The price of gold coins is based on the current spot price of gold plus costs associated with refining, minting and markup for the seller.

Gold Bars

Gold bars are made by many different companies in sizes ranging from 1 gram to 1000 grams (or more). Gold bars tend to be slightly cheaper than coins (per ozt) as they cost less to produce.

Gold Accounts

Storage Accounts

With a storage account you can buy gold and have it held by another company. This company will handle the storage, security and insurance of your gold for ongoing fees. This is probably only a good choice for large investors.

Pool Accounts

A pool account allows you to purchase "unallocated" gold which means there are no specific bars of gold that belong to you. Companies that offer pool accounts make money by selling you gold into your account at slightly more than the current spot price and buying it back and slightly less than the current spot.

Stock Market

Exchange Traded Funds (ETF)

Gold ETF's allow you to invest in gold via the stock market, you can buy and sell shares in an ETF just like any stock. The fund you invest in handles the buying, selling and storage of gold. Be sure to read their prospectus before investing.

Mining Company Stock

Instead of investing in gold directly you can invest in the companies that mine it. Just like investing in any business you should thoroughly research a mining company before purchasing their stock.




note: I am not an investment professional- you should probably contact one and do thorough research before deciding on an investment strategy that is right for you.