Before investing in gold, there are a lot of financial things to consider. Many people initially feel that investing in gold is complicated. At Landmark, we understand that. Our clients have found that working with an industry expert increases their understanding and helps them to make informed investment decisions. That’s why we have created a list of questions to think about and consider before you jump in.
Things to Consider When Investing in Gold:
Why are you buying gold?
- Is it as a form of insurance against possible economic catastrophe?
- Are you looking to hedge currency risk or a volatile share portfolio?
How will you hold your gold?
- Are you going to spread your gold investments between the physical metal (for underlying security) and leveraged instruments like mining shares?
- Will you want to sell and access your cash instantly?
- Will you want to keep physical gold in your home or would you prefer it in a more secure place, such as a bank vault?
What costs are involved in the gold investments you are considering?
- What are the premiums?
- What kind of taxes are there?
- What is the commission?
- What will storage cost?
- Will you need insurance for it?
Do you plan to trade gold as the price fluctuates?
- Or is it rather a “buy and hold” investment?
What time frame are you investing for?
- For example, how you store your gold is a matter of personal choice. It is unwise to leave gold coins hidden in the sock drawer. It’s worth having an approved safe installed in your home. It will make your insurance company happy too.
- Even if you insist on keeping your gold hidden but unlocked at home, you must insure it – a few gold coins are likely to form part of your household contents insurance cover. More than that and your insurance company will want to know more. You can imagine your insurance company raising more than an eyebrow if you have a burglary, and you tell them thieves stole 100,000 worth of gold coins!
Trust in Landmark Capital Before Investing in Gold
Once you have answered these questions, you will know whether or not it is best for you to invest in gold. If you have any additional questions and need some answers, visit our Contact Us page or give us a call at 877-448-2646. Trusted, reliable, and delivering on our promise, Landmark Capital can educate, strategize and secure the right assets for you based upon your investments needs.