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When you invest in gold, can you actually take possession of the bars?
Theres mutal funds, mining stocks, and bullion.
5 Answers
- TedLv 71 decade agoFavorite Answer
You can take possession if you go to a coin or retail precious metals dealer.
With a mutual fun you buy and sell the shares. There is no option to take physical delivery.
With a mining stock, you make money if the company does well and makes a profit. they won't send you gold. You can't redeem your General Mills stock for groceries or your Pfizer stock for drugs.
- 1 decade ago
People who like to invest in gold often have a negative outlook on the world and the economy. For example, when the country is on the verge of war, the value of gold always increases. Investors realize that even if the value of the dollar falls to zero, gold still has value. This thinking is actually one of the reasons behind ownership of jewelry. Jewelry is like portable wealth. If times get tough, you can always sell a ring or necklace to survive through the difficulty.
Keep in mind; investing in gold or other precious metals has a number of drawbacks. If you buy gold coins or bullion, then it just sits there and doesn't create additional wealth or pay interest. Plus, metals must be stored or hidden somewhere, which actually costs you money for insurance and safety. If your wealth isn't stored safely, it can be easily stolen or lost.
If you want to sell your gold pieces, you have to pay a firm to test it for authenticity. They actually scratch the surface to ensure the piece is real, and they put a small amount of acid on it to determine the quality. Gold pieces are, therefore, more difficult to sell than other investment options. If you never take possession of the gold pieces, you'll need to use a certified vault holder. These companies will eliminate the need to have your gold tested when you decide to sell it. The same "rules" apply to silver.
- cardinalLv 61 decade ago
River;
If you buy gold, the broker will usually provide storage for you for a price, this is the simplest way to own Bullion. If you take possession of the product, you will have to get an assay of it to prove the content before anyone will buy it.
Gold in coins don't have any of these problems, and may be bought and sold in various places for the current price/weight, or the face specie price, if so desired.
Source(s): You will want a safety deposit box or a home safe for security. - Anonymous1 decade ago
If trade is in actual gold than better you have the bar in possession. You can trade Gold stocks also which trade like other stocks .
- Anonymous1 decade ago
it depends, what kind of market.
what if your money makes you 1 - 10% or 10% to 200% per month
with no risk at all,what if you dont need to work and just enjoy life
what if you can watch your wealth growing while you are having fun
visit
www.myfxfunds.com
www.hsfxasset.com
www.hgnfx.com
forexearocks.yolasite.com