Investing in Gold

About two years ago, I attended a seminar on financial literacy. That seminar made me aware that there are a lot of investment opportunities available for middle income earners like me.

That with just five thousand pesos I can already invest in mutual funds and do trading on the stock market. Putting my money in these investment vehicles allows a bigger return of investment if compared to saving the same amount in the bank. But, although the return of investment is much higher in mutual funds and in stock market trading; the risk is really high in these investments.

Aside from these paper investments, one can also invest in gold. Gold being the most precious of all metals has been traded and used for investment.

So what is the price of gold in the market today? Gold price is on a high right now. Gold prices are steadily soaring because of the high demand for gold and gold investments.

There are many ways to invest in gold. Gold investments can be done through buying gold bars or gold coins which is the most popular way of investing in gold. Gold coin is price by weight,plus the premium above the gold spot price. Investments in gold can be done also by trading through gold exchange traded funds and buying shares of stocks in gold mining companies.

But before going into any investment, it would be wise to do research first about a particular investment vehicle. Getting familiar with terms like spot gold, inflation, stock rates and other investment lingo is a must before going into gold investment and into other investment vehicles as well.