Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, July 1
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Investing»With gold’s price high, which type is best to invest in? Experts weigh in
    Investing

    With gold’s price high, which type is best to invest in? Experts weigh in

    August 14, 20245 Mins Read


    Gold bullion on dollar banknotes with dark background
    There are a few gold assets that make sense to invest in with gold’s price hovering near new record highs.

    Getty Images/iStockphoto


    The price of gold has achieved several record highs this year. Its upward trajectory began in March when it hit an all-time high of $2,160 per ounce. Since then, it has hit several new record highs — with the latest record-breaking price occurring on August 13, when gold rose to over $2,506 per ounce. 

    Gold’s value has soared to new heights this year for several reasons, including a long period of high inflation coupled with geopolitical and economic uncertainty. With those factors looming, investors turned to gold to help hedge against losses to their portfolios and protect against the possibility of market declines.

    With gold’s price hovering well above what it was this time last year, you may wonder what gold type is best to invest in now. After all, there are so many ways to gain exposure to this precious metal, including 1-ounce gold bars, gold stocks and gold coins. Here’s what experts think.

    Start comparing your top gold investing options online now.

    With gold’s price high, which type is best to invest in? Experts weigh in

    These are some gold options you may want to consider with the price of gold so high, experts say.

    Gold bars and coins

    Gold bars and coins can make a lot of sense to invest in when prices are high, experts say. After all, these physical gold investments offer numerous unique benefits, like liquidity, to investors, especially in today’s economic climate — and there tends to be more demand for physical gold bullion when the price is up. 

    Christine Luken, financial coach and founder of Financial Dignity Coach, says her preference is investing in gold coins, especially ones considered legal tender. For starters, gold coins are smaller and less expensive than gold bars and easier to exchange for cash, Luken says. Plus, some gold coins are also worth more than the spot price of gold due to their rarity.

    Andy Schectman, owner and president of Miles Franklin Precious Metals, recommends 1-ounce gold coins, such as the Gold Eagle and Gold Buffalo, which are issued by the United States Mint. 

    “These coins are in strong demand and benefit from legislation in nine states, with more expected to follow, recognizing gold and silver coins from sovereign mints like the US Mint as legal tender,” says Schectman.

    Find out more about the gold investing options available to you here.

    Gold ETFs and gold mining stocks

    Buying shares of a gold exchange-traded fund (ETF) might also be a good option, experts say.

    “When purchasing gold, investing in low-cost gold ETFs may be a smart choice since choosing which gold company and how much is enough new production can be difficult from the outside looking in,” says Steven Conners, founder and president of Conners Wealth Management.

    Investing in a gold ETF is often less risky than investing in a single company, as buying one gives you a nice cross-section of companies in this area, Conners says. 

    When it comes to gold ETFs, Conners’ preference is the gold ETF GLD, NYSE. The fee [expense ratio] is modest at 0.40%, and it provides for decent diversification, says Conners.

    For long-term investors who are concerned about portfolio diversification, gold mining stocks or mutual funds that focus on gold companies may be suitable, says Kevin DeMeritt, founder and owner of Lear Capital, a precious metals firm. 

    “These investments offer the potential for both appreciation in gold prices and profits from mining operations, but they also come with higher risk due to the performance of individual companies,” says DeMeritt.

    What gold assets should you avoid now?

    There are also some gold options experts say to avoid right now, experts say, including:

    Gold jewelry

    You may want to avoid investing in gold jewelry now, according to Conners. 

    “Investing in gold jewelry and expecting appreciation may not be the best decision for some investors, as with jewelry, it’s the final product and other factors come into play,” Conners says. 

    Modern collectibles and proof coins

    It also makes sense to avoid investing in modern collectibles and proof coins, Schectman says, as those types of products are often promoted by predatory companies that create elaborate stories to justify significant markups. 

    Gold bullion coins and bars generally have much smaller markups and better liquidity than modern collectibles and proof coins, according to Schectman.

    Gold futures and options

    Due to the substantial risk of losing money with gold futures and options, you should avoid gold futures and options, DeMeritt says — especially if you’re a beginner investor.

    “These are complex financial instruments that require a high level of expertise and carry significant risk,” says DeMeritt. The leverage involved in futures and options can lead to significant financial losses, after all, especially if the market moves against you.

    The bottom line

    Ultimately, the best gold type to invest in with prices near all-time highs depends on your financial goals, risk tolerance and how long you plan to hold the investment, says DeMeritt. Physical gold, like gold bars or gold coins, is typically better for long-term investing. Gold ETFs or gold stocks, on the other hand, might be more suitable for those looking to capitalize on shorter-term price movements. DeMeritt recommends contacting a financial advisor if you’re unsure of which gold investment is best for you.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleOur top 5 stocks of the topsy-turvey market since July’s Monthly Meeting
    Next Article Oil prices tick down after surprise rise in US crude stockpiles

    Related Posts

    Investing

    Analyses et prévisions relatives aux crypto-monnaies

    June 29, 2025
    Investing

    Les États-Unis peuvent-ils mettre fin à leur dépendance vis-à-vis de la Chine pour les terres rares avant qu’il ne soit trop tard ?

    June 9, 2025
    Investing

    Tesla corrige après un rallye de 23% en mai : Faut-il craindre un déclin durable ?

    June 5, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Property

    Unite Group fait une offre révisée pour acquérir Empiric dans une transaction en espèces et en actions ; l’action grimpe de 6%

    June 5, 2025
    Investing

    Why this venture capitalist is investing in women’s sports

    October 18, 2024
    Bitcoin

    Bitcoin fait face à une reprise alors que l’intérêt ouvert rebondit à 34 milliards de dollars

    April 7, 2025
    What's Hot

    AVAX profite de l’élan du Bitcoin et de la mise à jour de GameStop

    March 29, 2025

    US stock futures steady after Wall St logs record highs; Earnings awaited By Investing.com

    October 14, 2024

    Latest incredible Omaze mansion worth £4.5m used to be UK’s most expensive council house

    March 21, 2025
    Most Popular

    Sublimer les aliments grâce au stylisme culinaire – rts.ch

    February 25, 2025

    Hot topic: Lawmakers focus on rising utility bills

    October 28, 2024

    Commercial property developer reveals £35m investment in north east of England

    March 24, 2025
    Editor's Picks

    ‘How can I reduce tax when selling my rental property?’

    May 11, 2025

    Stock market today: S&P 500, Dow, Nasdaq mixed as US and China reboot trade talks – Yahoo Finance

    June 9, 2025

    la capitalisation, un système au service des plus modestes ?

    February 27, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.