There are other ways to scratch your gold itch, however — a plethora of financial assets that are not only easier to buy and hold, but can also appreciate in value.
First up: gold stocks, shares in companies involved in mining, refining, and other aspects of gold production. These stocks respond to movements of the price of gold. But they trade on public exchanges like other equities, with all the advantages of liquid sales and transparent prices. And of course, you can buy them through regular brokerages and trading platforms.
Then there are gold-oriented ETFs and mutual funds. These give investors a slice of a wide swath of the gold market either through investing in the precious metal itself or through shares in companies involved in gold production. They're lower-cost, more diversified, and more liquid than individual stocks, making these funds a popular choice for the more conservative investor. . An option gives its owner a window in which to buy or sell a particular asset at a particular price . Buying an option is basically a bet at which way an asset — in this case, the price of gold — will move. Correct guesses trigger a payout. And if you guess wrong, the option just expires worthless and all you're out is the option cost.
But if your goal is simply to diversify your portfolio, and perhaps gain some appreciation, gold-backed securities are likely a better option. It can be reassuring to hold a physical asset instead of an intangible share, but make sure you're getting what you want out of the investment.
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