Buy an exchange-traded fund (ETF) or investment fund with gold in the mix. There are many ways to invest in gold, including through a Gold IRA broker. You can buy physical coins, ingots, or gold jewelry. Investors can also buy gold stocks (shares of mining, streaming or gold royalty companies), gold-focused exchange-traded funds (ETFs), or mutual funds focused on gold. Every gold investment option has its pros and cons.
Drawbacks include the expense of storing and insuring physical gold and the potential underperformance of gold stocks and ETFs compared to the price of gold. Advantages include the ability of physical gold to track the price of the precious metal and the potential for gold stocks and ETFs to perform better. The oldest method of investing in gold and silver is simply to buy some physical coins or ingots. Learning to invest in gold and silver is quite a challenge because investing directly in any commodity entails difficulties against you.
Talk to your financial advisor about how to invest in popular gold or low-risk precious metal ETFs before you start investing in gold and precious metals.