Errors in investment in gold, which can be easily avoided

Over the past few years, the popularity of investment in gold has grown several times. Precious metal is actively buying up national banks and small investors.

At first glance, it seems that there is nothing easier than getting a gold inget or coin and after will wait for it to grow in price.

But even in such a simple issue there are a lot of nuances that should be taken into account if you are going to invest in gold.

In order to avoid errors in gold investments, you should first answer such questions as: what to buy, where to buy, when to buy and how for a long time?

Investments in gold are for a long time

One of the mistakes of novice investors is that they expect to buy gold bullion and quickly earn on a price increase.

But investing in gold, you should be prepared that metal can not only rise in price, but also cheaper. In addition, there is such a thing as a spread in gold

Therefore, such investments are made for a period of at least 5 years, for such a period, precious metal is guaranteed to grow in price.

If you want to make money quickly, then your choice of short -term gold trading through brokers .

What gold to buy for investment?

I have repeatedly said that it makes no sense to buy jewelry at all, because when buying you pay expensive for the product, and selling it from you, they redeem it like a scrap of precious metal.

In addition, it is much easier to sell gold ingots than gold coins, the ingots are more liquid and there is a smaller commission on them. The ingots have a certificate of authenticity.

But this is not all, when buying, only ingots from trusted manufacturers should be bought, the list of such companies is published in the Good Delivery List and periodically changes. If you come to sell an ingot from a dubious manufacturer, then it will simply be bought cheaper.

Play role and size. Despite the fact that the larger the ingot, the cheaper the price per gram of gold, it is still better to buy ingots of not more than 50 grams, since if necessary you can sell part of the gold.

Where to buy gold bars

Many investors make a common mistake by buying gold bullion in a convenient place, for example, in their bank.

But you need to buy not where it is convenient, but where it is cheaper, due to the presence of the Internet, you can compare the cost of selling gold ingots in different companies and banks.

For example, these prices are now in Poland in different companies:

That is, depending on the company, the difference can be quite significant, from 1 to 12 percent, which when buying large volumes will be a decent amount.

When to buy gold?

Despite the fact that investment in gold is long -term investments, it is still better to buy metal at a better price.

For example, a couple of days ago, the cost of one triple ounce was $ 2970, and today the price fell to 2910, that is, by 1%.

Therefore, it is advisable to make a purchase not immediately a field of a strong price jump, but to wait for its rollback, which will certainly be.

By investing in gold, you will definitely win, but taking into account the above points, your profit will become even more.