Mathematics Academy
Image default

Investing in precious metals for beginners

Investing in both shares and precious metals is of course very old. Where we see that money as we know it today is increasingly losing its value, this is absolutely not the case with precious metals such as gold. In fact, the value of gold is rising. This means that for a kilo of gold you get much more today than a few decades ago. Especially given the fact that gold is seen as a stable haven for many investors, more and more investors are choosing to invest in it. Especially when you are just starting out, it is therefore advisable to take a serious look at this. The main reason why it is wise as a starting investor to invest in precious metals is a bit of risk diversification. Do you want to start investing in precious metals? Then we have some tips for you. 

What is the price of gold based on?

What we see is that most of the gold that is traded worldwide happens on the London Stock Exchange. The part that is traded here is estimated to be 85 to 90 percent of the total volume of gold worldwide. New York comes in second place, where Comex is traded mainly in futures and options. So not directly in physical gold. The mobileye ipo ticker is found online. As you may know, the price of gold is fixed in USD, the American Dollar. The price of gold is set twice a day in London. This is done on the basis of supply and demand. Good to know is that trading in both gold and silver continues 24 hours a day. However, this only applies to Monday to Friday.

Invest in precious metals in different ways

You can of course invest in precious metals in many different ways. Where many people often have the idea that you have to have them in physical possession, this is not necessarily the case. You can also trade in the form of ETFs. These are, as it were, trackers that follow the price of gold. So you do not actually have to buy physical gold, but you buy virtual gold, as it were. Please note that you compare different ETFs with each other. The costs for trading ETFs can sometimes differ. If you still want to try your luck elsewhere, you can of course always play a game in one of the many Dutch casinos online.

Invest in gold or silver?

In order not to make it too complicated right away, it is advisable to start investing in gold or silver. If we compare these two with each other, we see that the price of gold has risen considerably in recent years, while the price of silver has done this many times less. This is mainly because many banks and other investors choose gold as a reserve and not silver. In addition, there is much more demand for gold jewelry than for silver. So if you want to invest in precious metals, it is advisable to opt for gold. Of course, investing is always a risk and that is why it is important that you do your own research. You can lose your investment or part of it.