Seven ways to invest in Gold and Silver
In the previous post, I talked about why I invest in Gold and Silver. I explained that I mostly buy Silver coins, but there are many ways to invest in Gold, Silver and other precious metals such as Platinum and Palladium.
- Own and store physical Gold and Silver coins or bars, aka bullion, yourself
- Remote storage
- Spendable Gold and Silver
- Gold and Silver ETFs aka paper Gold and Silver
- Gold and Silver mining ETFs
- Gold and Silver Futures
- Gold and Silver CFDs
|Holding your own|
Just the same, security is your own responsibility. In both cases, you are in full control of your money. You are not dependent on banks and other third parties. On the flip side, you are fully responsible yourself for keeping your money/assets save. So with Cryptos, you have to make sure that no one hacks your wallet and with Gold and Silver, you have to make sure no one breaks into your vault.
Here are some Bullion sellers that I know of:
- GoldSilverBull (Worldwide)
- GoldSilver.com (US)
- Bullionstar.com (Singapore)
- EuropeanMint.com (Europe)
- HollandGold.nl (The Netherlands)
- TheSilverMountain.nl (The Netherlands)
Here are some service providers that specialize in remote storage:
Spendable Gold and Silver
|Gold backed debit cards|
Glint offers a MasterCard that is backed by an online account that can hold currencies and Gold in your name.
GoldMoney offers a similar service. Only here you will get a separate card per currency and a card directly linked to your Gold holdings held in your name.
Gold and Silver ETFs
Some popular Gold / Silver ETFs:
Gold and Silver mining ETFs
|Gold and Silver Miners|
Some popular mining ETFs:
- Vanguard Precious Metals and Mining Inv (VGPMX)
- VanEck Vectors Gold Miners (GDX)
- VanEck Vectors Junior Gold Miners (GDXJ)
Gold and Silver FuturesA futures contract is a contract holds the obligation to buy or sell an asset at a future date and price. Futures are traded on a futures exchange. At the expiry date, the contract is settled by physical delivery of the asset or by cash. Futures are also leveraged products and are used for hedging and speculation. There are futures trading on many commodities and also on Gold and Silver. Gold and Silver miners as well as producers that need Gold or Silver use futures to hedge their exposure to price swings in the metals. It is possible to trade these instruments through brokers such as Interactive Brokers, TD Ameritrade, etc.. Futures trading is more complex than investing in ETFs or physical Gold and Silver. Also, the leverage involved makes it possible to easily risk too much. Futures are more for speculation/trading than for investing.
Gold and Silver CFDs
ETFs and CFDs on Gold and Silver and Gold and Silver miner (shares) are available on my recommended brokers platforms: