We have done several articles on buying gold, whether it is physical gold or indirect investments in the form of ETFs, stocks or other alternatives.
Even so, doubts continue to appear and we want to give some brief advice to help our readers in buying gold ira.
We get quite a few doubts when it comes to buying gold, especially when it comes to physical gold, and we are going to solve the most recurring doubts, which also serve as advice for everyone when it comes to investing in gold or silver.
Better physical or paper gold?
The demand for gold increases in times of crisis, it is normal that in cycles of uncertainty those who invest in gold do so to protect themselves.
If we want to protect ourselves, it is normal for us to invest in physical gold, since we will have it in our possession and we will be able to convert it anywhere in the world into any currency without complications.
Paper gold is generally made on investments in ETFs and stocks, so that in the event of a collapse, the money we have invested in paper may disappear.
If the company in which we invest in gold goes bankrupt, it is unthinkable that they will give us our gold, in the case of an ETF, or our money if we have invested in shares.
The problem with physical gold is security, since storing it at home has its risks and if we invest large amounts in physical gold we will have to find a place to store it, a safe deposit box in a bank can be a good example.
What price should I pay for physical investment gold?
The price of gold can be consulted in real time through the Internet. That price is the official price, but jewelers and companies specializing in precious metals have to make money in the form of commission.
We will be at a reasonable price if we are charged for gold at a price 3% above the quoted price.
If we go to specialized companies such as Coininvest, or any other specialized store, we will see that they show us the purchase price and surely somewhere we will also see the official price.