Before deciding to acquire gold, most people asked a number questions so that they can make a decision to buy with confidence.
Below are some of the most frequent ones I have been asked by people. If you have others, feel free to ask here.
Gold is often considered a safe-haven asset that can protect your wealth during economic uncertainty, inflation, and market volatility.
It has historically maintained its value and can diversify your investment portfolio.
You can invest in gold through physical gold (coins or bars), gold ETFs (Exchange-Traded Funds), gold mining stocks, gold mutual funds, gold futures contracts, gold backed crypto currencies and digital fractional gold.
Both have their advantages. Gold coins are more liquid and easier to sell in smaller quantities.
Gold bars may have lower premiums over the spot price, making them cost-effective for larger investments.
You can store physical gold in a home safe, a bank safe deposit box, or through secure storage services offered by gold dealers or specialised storage companies.
Gold is generally considered highly liquid. Physical gold can be sold to dealers or other investors. Gold ETFs can be sold like stocks.
However, in times of extreme market stress, finding buyers quickly may be challenging.
Gold purity is measured in karats. 24-karat gold is 99.9% pure. 18-karat is 75% pure, and 14-karat is 58.3% pure.
Always buy from reputable dealers who provide certificates of authenticity.
Remember, while these FAQs provide general information, it’s always advisable to consult with a financial advisor before making any investment decisions. Gold, like any investment, carries risks, and individual financial situations vary.