Exchange-traded funds (ETFs) are shares of ownership in an investment which are traded in the stock market like a corporate stock. Gold ETFs allow the average investor to gain exposure to gold from the convenience of a home or office computer, without worrying about the dangers involved in the transportation and storage of physical gold.
Following are the steps involved in investing in E-Gold :
First and foremostly decide how much money you want to invest in gold.
Consider your outlook for gold compared to the general economy and other types of investments, and how much risk you are willing to bear. In the past, gold has often done well as a “safe haven” investment when other types of investments have done poorly.
Check the news for gold-related events.
Corporate and economic news often affects the price of gold. If a major gold mining company is reporting earnings, it might produce short-term distortions in the gold market. Consider delaying your purchase if adverse events are coming up.
Place an online order to buy a gold ETF.
Exchange-traded funds (ETFs), such as the SPDR Gold Trust and the iShares COMEX Gold Trust , are the most popular vehicles for individual investors to own gold. The physical gold is held at a secure warehouse by the ETF trustees, and shares of ownership are traded on the stock exchange like any other stock. A small annual management fee is charged for this service, but the investor doesn’t have to worry about securing valuable physical gold from theft.
Monitor your investment.
The value of gold can go up or down, like any other investment. Monitor the price of gold and gold-related economic events carefully.
Consider stocks in companies engaged in gold mining in addition to buying gold itself. Share prices of these companies often track the gold market to some extent.
Analyst Report coming on VHGI Gold (OTCBB VHGI). VHGI is next gold stock