Depending on your investment strategy, experience, and the level of risk you're willing to take, you can invest in any of the following options. You can buy gold coins through dealers, pawn shops, and individual sellers you trust. If you decide to buy your gold coins online, be sure to go to a dealer that is listed in the US. UU.
Whether you buy your gold coins in person or online, you don't want to spend money on counterfeits or on less pure gold than you're led to believe. A futures contract gives the holder the right to purchase a specific amount of gold at a future date and price. Options contracts also allow the holder to buy or sell shares in a gold ETF or a gold mining stock at a specific price and date. Contracts move with the underlying price of gold or the shares of gold-related stocks, exposing the investor to gold without owning the underlying investment.
The two most common places where you can buy precious metals are at an online dealer, such as JM Bullion, or at a local coin store. Local coin stores have been around for almost as long as money. They went from being pawnshop establishments to becoming a more specialized form of resale stores. Local coin stores offer customers a place where they can view their items in person before making purchases.
Online dealers, on the other hand, are obviously a more recent development. They serve as a virtual showcase for precious metals companies and allow customers to shop online. Average investors, for example, can buy gold coins, while sophisticated investors implement strategies that use options on gold futures. Compared to other commodities, gold is more accessible to the average investor, since a person can easily buy gold ingots (the real yellow metal, in the form of a coin or ingot), from a precious metals trader or, in some cases, from a bank or brokerage agency.