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Wealthion - Be Financially Resilient
How to Buy Gold
Jul 23, 2024
James Connor from Wealthion explains how to buy gold as an asset, exploring its benefits like hedging against inflation and diversification. He discusses different ways to invest in gold, including physical gold, ETFs, and gold mining companies, emphasizing the importance of seeking professional advice for personalized investment decisions.
07:30
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Quick takeaways
- Investing in gold serves as a hedge against inflation and adds diversification to investment portfolios.
- Shares in gold mining companies offer leverage to gold prices but come with higher operational, geological, and geopolitical risks.
Deep dives
Benefits of Owning Gold
Investing in gold provides a hedge against inflation, serves as a store of value, and adds diversification to investment portfolios. Direct investment options include gold bullion or coins, like American Eagles or Canadian Maples, which offer easy liquidity and transferability. Reputable platforms such as Hard Assets Alliance ensure secure purchases, delivery, or storage of physical gold, with holdings audited and insured for their full value. Gold ETFs, traded on exchanges like stocks, are a liquid alternative backed by futures contracts, suitable for short-term price speculation.
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