With the recent dramatic rise in gold prices, there are many analysts saying that gold is now the place to be for the coming times.
Especially if the economy worsens.
Whilst there are many who argument this point and say gold is not the place to be many investors are worried about their money for the longer term, and do not want to lose their retirement funds.
The banks are in trouble, the fed cannot decrease interest rates, and as job losses creep in you may be wondering right now what to do with your money? Well you are not alone.
Sometimes in the crazy financial world there are many opportunities but only the highly experienced investors see this.
With talks of another recession, and inflation slowly creeping in, many people have been buying gold as a hedge against inflation.
The last time this happened gold increased in price about 500% so many are betting on the fact that history will again repeat itself.
The real question amongst investors is gold and timing investment.
Get it right and you can make a lot of money.
Get it wrong and you can really get into trouble.
What it really comes down to is supply and demand.
Even with the price of gold future prices, gold equities are at their cheapest they have been in a long time.
The first rule of investment is to buy low and sell high, not vise versa.
If you are betting on inflation coming to us somewhere down the track, here are 4 ways you can invest in gold to protect your capital and your families future.
1) ETF funds - Especially gold ETF funds that have been invented for a cost effective way for mums and dads to own gold, without having to buy physical gold such as bullion and coins.
2) Gold Traded funds - These funds will only invest in companies who deal in gold commodities and physical gold itself.
They will normally diversify into a portfolio of gold mining companies that fulfill a specific criteria.
3) Gold Bullion - This is a favorite amongst investors as it holds real worth.
Over the years this has been know to be a very good safe haven especially for the longer term.
Sometimes banks will even keep this in a safety deposit box so that you do not have to keep this in your house.
4) Gold coins - Over the last few years, this has been another favorite amongst investors as it holds real worth, and coins can be bartered for other goods or services.