4 Ways to Invest in Gold

November 21, 2022

Understanding the ins and outs of your gold investment options empowers you to make an informed purchase. There’s no right or wrong decision — each gold investment vehicle has its own unique benefits, but they all add much-needed diversification to a financial portfolio. 

Gold is a time-tested source of value and a safe-haven asset that acts as a hedge against inflation. So no matter which approach you take, you’re making a sound investment in your future. Here’s a look at four different ways to invest in gold.

1. Bullion Coins

Gold bullion coins

For many investors (and collectors), gold coins are the quintessential gold investment option. There’s something about a gold coin that’s nostalgic and sentimental, conjuring visions of days long gone. They’re visually stunning, with various designs from all over the world, making them highly collectible.

Because bullion coins have historical value, intricate designs, and cost more to mint, they typically have a slightly higher premium (the markup above the spot price) compared to gold bars of the same weight. The size range of gold coins is much smaller than gold bars, with most coins weighing anywhere from 1/20 ounce to 1 ounce. 

As you consider ways to invest in gold, think about your investment strategy, as well as how you plan to store your gold. Coins are great for buying in smaller increments over time, and you can store your collection in folders, tubes, albums, or slabs. 

2. Bullion Bars

 A variety of gold bullion bars

While gold bars don’t have the historical significance of coins, they’re still incredibly beautiful, prestigious, and collectible. Bars come from various mints around the world, and many of them feature stunning designs. Out of all the ways to invest in gold, bars are most suited for major purchases. But they are also available as 1-ounce bullions.

Bars are the most popular gold investment option among investors who store a significant amount of wealth in gold. They can be conveniently stacked in a home safe, a bank’s safe deposit box, or a vault.

Bullion bars tend to have a slightly lower premium compared to coins. While that markup is negligible in small quantities, if you’re buying a substantial amount of gold, you might want to consider bars to get the most metal for your dollar.

3. Numismatics

Antique gold coins

Gold numismatics are rare, commemorative, and low-population coins that possess value beyond their intrinsic gold weight. Their value is derived from many factors beyond their gold content, including their condition, rarity, and market demand.

Out of all the different ways to invest in gold, numismatics are the most complex. With bullion bars and coins, you simply choose your favorite items and buy them like any other product. You know exactly how much gold you’re buying and what it’s worth. If you’re looking for the easiest gold investment options, bullion is the way to go. 

While numismatics are more complicated, they offer extraordinary growth potential, as many collectors will pay top dollar for rare coins. Over time, numismatics become increasingly difficult to obtain. So their value as a collectible naturally rises. For many coin enthusiasts, hunting down numismatics is much more than an investment — it’s a hobby and a passion.

4. Precious Metals IRAs

A man wearing a suit working on a tablet

If you’re interested in ways to invest in gold for your future, we highly recommend looking into a precious metals IRA. A precious metals IRA offers the benefits of gold ownership, but you don’t have to deal with physical bullion. Opening a precious metals IRA is a breeze with Endeavor. Our in-house experts are available to assist you every step of the way. Here’s how it works:

You can also convert all or a portion of your current IRA or former 401(k) to a gold IRA. Your gold holdings will be stored in a fortified bank vault, making a precious metals IRA the safest gold investment. Endeavor Metals can provide full depository services through our affiliated partner.

Consult With a Precious Metals Specialist

All four of these ways to invest in gold can be facilitated through Endeavor Metals. We are a Tier 1 precious metals and numismatics dealer with over 50 years of in-house experience. Our unwavering commitment to excellence has earned us a 4.9 Google star rating and an A+ accredited grade on the Better Business Bureau. 

Understanding your gold investment options is the first step toward a better financial future. If you need help choosing the best gold product for your needs, please don’t hesitate to contact us for a free consultation with a qualified precious metals specialist. All our products are backed by our 7-day, 100% money-back guarantee, even if the gold market has a downturn.

Preserve and grow your wealth with a time-tested store of value today.

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