Investing in Tangible Gold
June 27th, 2006 by Grant in: Investing
While investing in gold stocks is an easy way for the common investor to play the gold market, investing in tangible commodities should not be forgotten.
Sure, you can log on to your discount broker and buy some Gold Trust Shares (GLD: chart) fairly easily, but you can also buy actual gold coins as well.
Companies like Blanchard Online make a business out of selling coins: gold, silver, copper… you name it. While not nearly as liquid as a share of stock, it is the purest play in the metals market, eliminating any corporate risk that comes with investing in individual stocks.
I’ve noticed that many folks from older generations have a great deal of knowledge about gold and silver pieces, mainly because they viewed them as long term investments that you could hide away in the bank vault and pass on to future generations.
I’m not necessarily suggesting this is the best time to buy gold or silver, but if your investment strategies lead you to the precious metals market, don’t forget about buying actual gold pieces for your long-term portfolio.
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July 24th, 2006 at 12:34 pm
I’ve bought gold for the last few years and have thrown it away in the vault for safe keeping. I really don’t care what the price does in the short term, as I view it as a long term asset. I’ll probably hand most of it down to my kids. JC