Gold has always been one of the best assets to invest in. Going back to about 5,000 years ago, gold provided a safe haven for those who were affected by war, devaluations, political unrest, and economic crises.
During these challenging times, investing in gold might be one of the best things you can do to secure your financial well-being. For one, gold prices surged last week with its value up by 0.1%, despite fears of a difficult recovery from the current health crisis. Furthermore, we’re entering the advent of gold’s bull market, so it’s best that you diversify your portfolio and look into gold investments while the price is still reasonable. If you don’t know where to start with gold investments, we’ve prepared a short guide on how you can invest in gold.
For many investors, physically owning gold is the most accessible and easiest way to start investing in this particular asset. Physical gold comes in three forms: jewelry, gold bullion or gold coins. By having direct ownership over their gold investments, an investor can retain its value. However, privately stored gold comes with low liquidity, and its costs can easily pile up due to the delivery, processing, and insurance fees. In the long run, owning gold bullion stored in professional bank vaults is the best way to physically own gold. Other than having high liquidity, it’s much safer to employ a bank’s vault service compared to devising a secure way to store your…