Investing In Gold Bullion - The Cheapest Way To Invest In Gold Now!

By: Christina A. Goldman

Last month, the value of gold reached $1575.79 an ounce, a record high. It's tough to think that gold was trading at $252.80 an ounce back in July of 1999. What an incredible Twelve year run it's had!

Even at the current value, gold is surely still a worthwhile investment.

  1. We've got huge government spending.

  2. A falling dollar. Increasing inflation.

  3. An unstable political environment inside the Middle East.

Each one of these aspects aren't disappearing in the near future, as you well know.

However, it is {becoming a bit high-priced for the average investor. Most bullion dealers on-line have a minimum amount that you should invest. For among the most well-known dealers, (that I've utilized inside the past) it's a 1 tube - 20 coin minimum to purchase American Eagle Gold coins.

I don't know about you, but I do not have over $31000 (making use of the dealer's existing sell cost at the time this write-up was written) extra money to invest.

And even if I did have the funds, it's a bit risky to invest such a significant dollar amount all at one time.

If you've been following the gold market, you know how volatile it is usually. If the cost of gold dropped $25 (hey - you've seen it happen) after you've locked in your buy cost, you'd already be down $500! Yikes!

You are possibly thinking, "There's has to be a safer way to invest dollars in gold?"

Well, as a matter of fact there certainly is!

It is called dollar cost averaging.

If you are already contributing to an IRA or 401k plan at at your job, you are already familiar with this concept.

Essentially, you set up a fixed dollar amount that you would like to invest into a selected investment. Shares of the investment are purchased on a standard schedule (that you simply set) regardless of the share value of the investment. When prices are low, you obtain much more shares. When share prices are high, you obtain fewer shares.

Over the long-term, your average share cost will be reduced and you've decreased the danger of investing a huge amount of dollars in 1 single investment at possibly the completely wrong time!

The great thing is - the same principle can function with gold (or silver) too!

Just like dollar cost averaging into stocks or bonds (paper investments), you are able to make a commitment to save a specified amount on a normal basis into hard assets (gold or silver).

Plus, you've decreased your risk of investing in precious metals. When gold costs are at are high, you'll accumulate fewer ounces. When gold costs correct, you'll accumulate extra ounces. What this signifies is that over the long-term, you will be buying gold at a lower cost than you'd had you invested a massive quantity all at one time!

You'll be able to schedule the amount you want to invest on a {regular basis and you'll sleep better at night realizing that you've just committed to saving funds in one of the most highly regarded, treasured, and time-tested monetary assets!

Now that you recognize that the soundest method to investing in gold is through dollar cost averaging, how do you start?

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