Gold is the new market obsession. The metal has been rising high on the radar as economic pressure continues to build, weighing heavily on the US economy. The metal is now the leading safe-haven asset, as investors continue to pivot towards the asset in a number of ways. With fresh projections pointing towards gold hitting a new high mark of $4000 an ounce, here’s how investors can make fresh profits as gold eyes new price momentum in the near future.
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3 Trending Ways to Invest in Gold
1. Physical Gold
Physical gold is one of the best ways to secure a stable financial footing in today’s volatile economic world. Purchasing physical gold is considered one of the best ways to secure one’s financial health, as it delivers stable returns and is the safest form of gold investment and acquisition to explore in the long run.
“Inflation and economic instability are two things that physical gold is frequently considered as a hedge against. Thus, investors may hold physical gold as a long-term investment or short-term plan to lessen market volatility.” As mentioned by Groww
2. Digital Gold
Digital Gold is another unique method of exploring or investing in gold. In this method, an investor purchases gold from a verified digital platform without needing to store the purchased gold in physical form.
“Simply put, it enables you to buy, sell, and store gold online without physically holding it. When you buy digital gold, an equivalent amount of physical gold is stored safely on your behalf by the provider. Basically, you own the gold but never have to worry about its safety at home.” As explained by the MMTC forum
3. Gold ETFs
Gold ETFs are another lucrative way of investing in gold. These ETFs are ways to help investors explore gold without the need to hold gold in a physical form. These ETFs are traded on stock exchanges, allowing investors to buy and sell them just like shares on stock exchanges.
“Gold Exchange-Traded Funds (ETFs) are investment instruments that represent ownership in high-purity gold (99.5%), held in a dematerialized format. Each unit of a Gold ETF typically equals 1 gram of gold and is traded on major stock exchanges, similar to shares. Unlike physical gold, which can have varying prices across locations, Gold ETFs offer consistent pricing across the country. Investors can buy or sell units during trading hours using a Demat and trading account via registered brokers. Transactions may include a brokerage fee and nominal fund management charges.” As explained by Kotak
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