What is the Better Way to Buy Gold – I prefer physical gold myself but own ETF. If you really know what you are doing, you can buy gold mining stocks. The problem is there are hundreds of gold mining stocks in the world, you got to get the right one.
There was a famous American author who once said: A gold mine is a hole in the ground with a liar standing at the top. There are hundreds of gold mines. But if you know the right one, if you know a company that is going to find gold in Mumbai, you should buy all you can.
But if you do not know that and if you are good in futures, then trading is a wonderful leverage, you can buy gold futures or silver futures. You get wiped out in two hours if you do not know what you are doing but that is a great way to participate.
Many Indians, especially Indian wives have lots of gold, she loves to get gold and I do too. Physical gold is certainly good. I have a lot of gold coins probably because if there is a crisis, you cannot go down to the shop and take a gold bar.
First of all, the guy would do not know if it is real, second if it is, he cannot make a change. You cannot buy a loaf of bread with a gold bar. More likely they will know they are real or silver coins. So, I own a lot of gold and silver coins too but I own ETFs. I do not own any mines at the moment and I do not own any futures at the moment.