How to invest in gold (Photos)

Gold seems like a pretty lucrative investment right now considering the coming inflation and slow global growth outlook. So how can you actually invest in gold? There are several ways actually. Just please make sure that you know the spot price of gold if you’re buying or selling gold you own or want to own. As of this writing the spot price is about $1591 per ounce. The price fluctuates daily but can be found easily on the internet or in financial newspapers. This means you shouldn’t buy an ounce of gold for much more than the spot price (unless it’s a rare coin) and you should never sell an ounce of gold for much less than this. I’ve heard horror stories of people selling a lot of gold to cash for gold companies and getting a quarter of the weight value back in payment. And the worst part is they’re usually happy about it until someone points out it was worth 4 times more. Please educate yourself so you don’t get ripped off. It’s easier than you think to invest in gold. You can buy jewelry, coins, gold bars or other tangible items with gold content. You can also buy a gold or precious metals ETF or mutual fund if you have a brokerage account. The last way is to buy gold futures on a futures exchange. This is more risky and requires a lot more capital but is still another way to do it.