Investing in gold

For many centuries of the existence of human civilization, precious metals have remained the main yardstick and guarantee of stability. Investments in gold were the guarantor of safety and augmentation of the capital.

Investing in precious metals

Let's figure out how profitable is investing money in gold these days, when the financial market in our country and in the world is so unstable.

Investing in metals in general and particularly in gold, of course, has its advantages. First, the fluctuations in its value are rather small, compared to other investment objects: currency, oil, securities, etc.

For a long time, gold steadily increased in value. However, after the law of Dodd-Frank was adopted in the United States in the summer of 2010, the situation changed. Today, the acquisition of precious metals is beneficial only for the preservation of capital, and not for income.

Investing in gold coins

Today banks are actively promoting the sale of gold coins. Such coins do not participate in money turnover, are collectible and are stored in transparent capsules, it is not recommended to extract them from them. Gold is a soft metal, and any, even the most microscopic scratch can significantly affect the value of the coin when it is sold.

Investments in metals and coins from them are reasonably planned during the period of stability in the market, since during the crisis, gold is usually profitable to sell rather than acquire. But even here it is worth noting that investing in gold the whole of its asset is unreasonable.

Investments in gold bars

One of the most simple and profitable options for investing money in precious metals is buying gold bars. When choosing a bank in which you plan to purchase ingots, make sure that it not only sells, but also buys precious metal. Otherwise, you will be forced to incur additional costs when transferring ingots to the organization that buys them, as well as for examination of the authenticity and quality of precious metal.

Most banks today also offer to invest in precious metals by opening an impersonal metal account. In this case, by buying gold, silver, platinum, etc., precious metals, you get an agreement on opening an account. Thus, you can avoid additional costs when storing, transporting and selling your assets. But it is worth considering that this type of investment is not subject to deposit insurance, so it's worth to go very carefully to the issue of checking the reliability of the bank with which you plan to cooperate.

Even if you are no stranger to financing and money turnover, before you invest in gold and silver, be sure to familiarize yourself with the situation in the market and in the world, as well as with forecasts for the next period of time.