Gold purchases can be of 2 kinds. It can be for aesthetics purposes in the form of gold jewelry or an investment for more profits whether on a medium or long term basis. The latter involves investing into gold shares and ETFs with a heavy dependence on the current gold prices.

Many gold investors, in small or large quantum, have enjoyed attractive ROIs with the constantly increasing gold price. Hence, it is very attractive to obtain cash for gold with gold prices still on the rise.

ETF investment

Exchange Traded Funds in gold has been growing popular in recent years with the gold price steadily climbing up for the past decade. ETF gold investment is different from the traditional stock market funds. ETFs track the underlying gold market closely for a good profit. ETFs can be bought easily to enjoy great capital gains. It is possible to enjoy tax freedom through the proper investment channels.

Gold investors on ETFs may be traded on a daily basis as a short term investment for a quick gain although more investors are opting for longer trade periods to enjoy more ROIs. GLD and GBS prove to be the market’s most popular gold ETFs currently. GLD ETF tracks gold prices via US dollars while GBS refers to the sterling price.

Gold mining companies

Another exciting gold investment for cash is an investment in gold mining companies. It is possible to double or triple the profit overnight depending on the gold price. Gold mining companies also offer lucrative dividends that boost high returns in the long run especially with the constant hike in spot gold price.

The market offers a host of established and reputable gold mining companies that are quite large. Many of these companies are in the States and Canada. However, the biggest gold producer in gold mining is Rio Tinto which is UK listed.

Gold investments

These options are the best and cheapest ways to cash in on gold prices especially today when the gold price is on the rise. Gold traded in these ways on a medium to long term can bring on greater profits.

Novice gold investors are advised to consult a reputable discount broker or gold consultant that is experienced and diligent in the gold market. Multiple short-term trades are preferred to gain a larger profit.

With these gold trading options, it is possible not to be burdened by the actual physical gold pieces but ride on the profit that these investments offer.

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