In the dark about how to invest in gold? Despite gold's increasing value and popularity, many folks don't know where to get started. To help investors who want to add gold to their portfolio, the World Gold Council highlights these five options to get you started:
1. Gold Exchange-Traded Funds (ETFs): Since the launch of SPDR Gold Shares (GLD) in 2004, US investors have been able to buy gold on a stock exchange just like a share of a company's stock.
2. Gold mining stocks: With this option, you are investing in a gold-mining company, rather than gold bullion.
3. Gold Accumulation Plans (GAPs): Similar to a conventional savings plan, GAPs allow investors to set aside a fixed amount of money every month in order to purchase gold on each trading day during that month.
4. Gold bars: There are many different refineries that produce gold bars and most companies that sell gold will offer a variety of options to suit various budgets.
5. Gold bullion coins: Issued by governments around the world, gold bullion coins are a popular choice for investors.