You have probably heard many well known figures advocating the wisdom of investing in gold. But you are wondering how. What are the types of gold investment and what is the difference.
This article will show you the 5 types of gold investment which you can make,What Are The Types of Gold Investment Articles their pros and cons. You can assess each type and see which is more suitable for you. The 5 types of are :-
Physical gold is simply what it says. It is physical, which means you can hold it in your hands. This can be subdivided https://www.goldandsilverprice.today/ further into the following :-
This constitutes all your jewellery like rings, necklaces. This is a most popular way with the older generations. The good thing about this type of investment is that it has a utility function in the meantime. Another good thing about this type of investment which is not talked about much is that of anonymity. You just go into a jewellery shop and purchase your jewellery and there usually is no record.
However, what is not very good about this form of investment, is the huge discount being applied. You see, when you buy gold jewellery, the jeweller usually charges a fee called workmanship, which can be as high as 20%. Similarly, when you want to sell your jewellery, they will also apply a discount for your jewellery.