Investing in gold is a great way to make money, especially if you are looking to secure your future or your retirement. But of course, just like any type of investing, there are no guarantees. You need to know what you are doing and what the gold market is all about before you can get too involved. This is the only way to make sure that you give yourself every possible advantage to benefit from gold investing.
Take a close look at the market before you decide that gold investing is right for you. Investing is gold is different than investing in stocks and bonds.
Educate yourself. If you are not sure how investing in gold works, touch base with a professional who can help you with the buying and selling process.
Complete effective online research. Be careful of the information you find. There’s so much information online about gold investing for super funds. You want to learn from experts who are in the trenches tracking the gold market and making investments every day. The internet is full of investment analysts and gold bullion gurus who share information about how to buy gold using super. For example, the information that you will find on Kitco is based on my experiences and knowledge from following the gold market daily for more than thirty years.
Get familiar with the many different ways that you can invest in gold. The sure-fire way to invest in gold without the worry is to invest in bullion bars. You don’t have to invest in mining stocks or invest in EFTs that are about futures contracts. These carry a lot of risk and need you to know more about gold than the average individual bullion investor.
If you are looking to invest in gold coins and gold bars then you need to know this trick — Find sellers who are actually selling as near the spot price of gold as possible (spot plus a reasonable fee). A general rule is that the more gold you are buying the less percentage of fees you should be expected to pay over spot. This is quite useful for superfunds as they are usually buying in bulk.
Melbourne has a lot of precious metals dealers that will readily to assist you to buy gold using super.
Stay on top of the market. There are times to buy. And, there are times to sell. Yes, at some point, it may be better to sell some or perhaps even all of your SMSF gold holdings for currency, depending on the bull market and your personal investment goals. But the only way you know when to buy or sell is if you have current gold market investing information at your fingertips. Gold is very volatile, so you need to understand how the price moves and how the market affect the value of Gold.
Last and most importantly: Invest your super in gold now! Do not wait!
