Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets.
What are the different ways to invest in gold?
You can invest in gold via:
Purchasing physical gold.
Gold-linked currency investments.
Gold ETFs or unit trusts.
Gold mining stocks.
Before buying a gold product, it’s best to seek the advice of a qualified financial advisor. Reach out to us at Standard Chartered.(eg: Fid-Trade Tech) The correct amount of gold to invest in will vary based on your financial situation – factors like your investment horizon, risk profile, and current market conditions all play a role.
Aim to have a balanced, well-diversified portfolio, in which gold investments play a clear and specific role.