Is Gold a good investment? How do you invest in gold?
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Answer:
Well, generally, there are three things you can do (to sum up what others have said as well): 1) you take hold of physical gold (you buy the gold and have it sent to you) 2) you can invest in gold indexes or funds 3) you can invest in gold mining equities. I would suggest 2. You won't have a bunch of gold lying around your house and you won't have to figure out which gold miners are good and which aren't. That being said, you still need to figure out what kind of index or fund you will buy, and that may take some research. I would also wait a little on gold, I think we will see a bit of a pullback.
Its all about opinion. I personally think gold is an excellent investment. As you have probably noticed, the price of gold increases with the price of oil and decrease of the US dollar. And as you probably know, the price of oil isnt going to go down.
You can invest in gold in only one way. Try not to buy ready made gold jewelry. Buy coins or "ounces" of 999.99 pure 24K gold.
At the moment yes, you can by an index fund or sector funds that concentrate on gold.
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