How To Trade in Gold as A Beginner
Gold is a go-to metal for investment in times of political unrest. The metal is used as a hedging tool against rising commodity prices and market inflation. Due to its potential demand in industries and jewelry making, the prices of gold are almost always stable.
Is Gold Always Good?
Expert Nick Lioudis points out that holding gold may not always be productive. The ideal time to invest in gold is when the asset is inexpensive. This gives you leverage to gauge the future market potential of the asset compared to other assets.
Don’t get lured by the market at the onset. Have financial advisors help you choose the right precious metal for investment. Get in touch with our service providers at Orion Metal Exchange to invest in gold and silver coins.
Find the Most Suitable Product for Gold Trading
Once you are sure gold is the metal you want to invest in, choose the right gold product appropriate for investment. Some gold products for investment include:
- Gold coins
- Gold futures contracts
- Gold ETFs
- Gold Bullion
- Gold Jewelry
As an investor, you might want to consider gold products with lower spreads. Gold products with higher spreads—like future contracts, are preferred by some investors since they have no daily swap charges.
Purchase Physical Gold for Easier Investment Options
The easiest way to invest in gold is to purchase gold bullion. This is investment-grade gold available in bars, ingots, and coins. Most investment-grade gold will have the manufacturer’s name, weight and purity stamped on it. Gold bars can weigh from 1/10 troy ounce to one kilogram.
Storage is a huge issue associated with an investment in gold. You need sound insurance and safe storage options to deposit your gold. You can keep it in bank deposit boxes and secure vaults. Choose Orion Metal Exchange to help you find a reliable storage company in the US. We also offer IRA custodianship to investors opening an IRA account.
More About Orion Metal Exchange
Orion Metal Exchange has been one of the most secure and dependable gold investment companies in Los Angeles for many years. If you plan to buy gold bullion bars or invest in an IRA account, we’ll assist you from the beginning to the end.