How to invest in gold

funnymonkey

Good evening
Can anyone please tell me the best way to invest in gold puly as an investment, so it could be actual gold, shares or a tracker fund.
Thank you...much aporeciated

username12345678

One option (not a recommendation) is Ishares Physical Gold (SGLN). I'm planning to have a small percentage of my portfolio in this as a diversifier.

It avoids the storage issues of buying your own coins and also avoids the divergences of gold miners share prices versus the gold price.

Others with far more knowledge on the subject than me will be able to give you more ideas.

ColdIron

What makes you think gold is an investment? Gold can and often does do unexpected things and produces no income. If you had bought 6 or 7 years ago you'd be sitting on a whopping loss now. It's a good diversifier for a small portion of your wealth, shiny and nice to look at. I am quite keen on gold and bought quite a lot nearly 20 years ago but I don't kid myself that it's an investment

If you do pursue this I would buy bullion coins (krugs, sovs, britannias etc) from a reputable dealer and hide them well, not hard to do given their size. Most other options will incur additional costs on a non productive asset and shares in miners etc can perform differently to the underlying asset

There are good reasons and bad reasons to buy gold, what are your reasons?

DiggerUK

Hello, I am MSE’s self elected resident expert on gold. Often equalled, but never surpassed, ask anything you want.

First things first, your post gives away your lack of knowledge regards gold. Don’t worry, it’s not rocket science, I always link to this guidance.......easy to read and digest. https://moneyweek.com/a-beginners-guide-to-investing-in-gold/

Another link you need to hang on to, is the historical price of gold. https://goldprice.org. Avoiding buying and waiting to get your money back, is best achieved by buying regularly over time (averaging in)

But I feel you need to do a bit more research before going any further, it seems a bit of a bright idea in your head for now..._

Hermione_Granger

DiggerUK wrote: »

Hello, I am MSE’s self elected resident expert on gold. Often equalled, but never surpassed, ask anything you want.

What is the date on the Sovereign that I purchased last year? and where do I have it hidden?

enjoyyourshoes

You pay more when you are buying it than if you are selling it on the same day, the dealers get their profit always (like currency)

It fluctuates wildly and to you and i unpredictably.

There is no interest and there are no dividends

Could spend your time more fruitfully researching investment S&S ?

ChrisRm

I'm off to Dubai in August, worth buying gold whilst I'm out there?

ColdIron

The price of gold is international so you won't get a 'cheap' bar or coin. You might get a break on jewellery but then it's not bullion and priced way over the spot or fix anyway. If it's present for the wife go for it, as an investment forget it