Ever thought about investing in gold or silver?
It’s a wise move to mix up your investment game and keep you steady when those financial winds start howling. Why’s that?
These shiny assets don’t dance to the same beat as other markets, like stocks, do – so they can be a massive help when you’re trying and hoping to keep a steady financial pace in iffy economic times.
Before you dive right in, you’re going to need to get clued up on the options available for buying your precious metal investment.
No worries though – it might take a bit of time to learn the ropes of gold and silver investing, but you’ll be able to cash in on their potential benefits, no matter what your financial goals or experience level are.
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Invest in gold or silver mining stocks
Looking for another way to get in on the gold or silver action? How about investing in mining companies? It’s a bit indirect, but the idea is, that if the price of precious metals goes up, then these mining companies should technically increase in value too.
Don’t forget that a whole load of different factors can impact stock prices, depending on how the companies run their show. It’s pretty straightforward – buy stock in specific mining companies, the same way you would tech stocks or anything else you’re into.
Or you could just get an ETF that invests in a variety of gold or silver mining companies. Just remember, fees for mining ETFs might be a bit higher than for bullion ETFs.
How to get your hands on gold or silver ETFs
If you’ve already dabbled in traditional investing, one of the simplest ways to get in on gold or silver is through exchange-traded funds (ETFs) – they’re a bit like stocks you can trade through your stock broker.
Here’s the lowdown – the ETF provider usually has a stash of physical gold or silver bullion, and the value of these precious metals is reflected in the ETF’s share price. Plus, it saves you the hassle of having to store those shiny gold bars at your gaff.
Quit worrying about the fees, though, ’cause the ETF provider generally just charges a small annual fee – gold ETFs typically start at about 0.20-0.40% of assets, and silver ETF fees might be a tad more.
Buying Gold Coins Online – A 2023 Update
For any Brits looking to buy gold coins, the web has made the process incredibly straightforward. Choose from reputable online UK dealers offering gold coins. Security is a top priority when you choose to buy gold coins online. Opt for dealers who ship insured and require a signature on delivery.
And remember, a diversified investment portfolio is a solid one, so purchase a variety of different coins if you can.