Hey @stephenkendal, you have my upvote for life if you could provide some sort of advice. If you could let me know how to go ''Long on Gold'' , is there any financial assets which i could easily trade and make a reasonable amount from?!
I'm a student, perhaps can invest around 2-5k USD, just to prepared for the future. Never been a fan of Gold, because its expensive and don't understand how buying shares actually grants me ownership of the gold. Should i actually be buying physical gold or like alternative like DigixDAO or Gold ETF's?
Interesting Post by the way
Hi @steemitguide.
Have you considered physical silver bullion. Unfortunately most people can't afford gold, but we believe that silver is the best affordable alternative well within reach of the average person. There is a saying in the precious metals space that "if you can't hold it, you don't own it".
We've told friends and family to stay away from ETF's unless they want to trade gold or silver (buy this week and sell in a month to lock in a quick profit. ETF's give you access to the gold/silver price but not the physical metal, in other words it's a gold/silver paper product and you don't own the physical metal).
Holding physical requires a long term outlook as you are holding a finite resource that can't be created on paper like an ETF. Once it's in your possession no one can take it away from you and that provides security in itself, just don't advertise it to everyone if you know what I mean.
Here are two short video's showing how gold and silver have performed against 11 different currencies over the last 25 years.
Gold/silver are very easy and simple to get hold of. Simply go for current standard 1 oz bullion coins or bars, they sell for slightly more than the current spot prices. Proof coins are more expensive and are basically bullion coins with a better (aka shinier) finish. They are also aimed at collectors. You can visit our education centre for more info.
There will come a time when gold/silver will become overvalued and it will need to be sold, with the profits put into another undervalued asset.
Enjoy your precious metals journey, you won't regret it.
Thank you so much for this reply! Really appreciate you sharing your advice.
Followed and upvoted!
Thank you a lot for your Post, it's really eye-opening! Followed and Upvoted
Thanks. It is very difficult to give investment advice without a full understanding of your risk appetite and how long you are looking at. From what I can gather from your question I would strongly suggest to revisit the physical as all other Financial Instruments are in essence the system. For a student I always suggest owning a small amount in physical, even if it was the odd coin or bar, as over your lifetime it will most likely be the best investment you will ever make. Hope this helps. Stephen