The price of gold today is $1542 per ounce, and this should be good news for anyone who invested in the metal a few months ago and who was worried that the price was dropping. The price did suffer a slight drop, but it has come back strong. The release of the jobs report this week means that the price might even go higher next week. In fact, many investors believe that the price is going to keep rising over the next few years. While it is inevitable that it will suffer a few drops again, the ability of the metal to regain lost ground is astounding. Now is a great time to start your gold investment if you haven't already.
Those new to investing in gold probably don't have any idea of how to start a gold investment. Fortunately, it isn't difficult and you don't have to have any vast, secret knowledge of metals to do it! In fact, you can do it all from home. However, before you begin your investment, you are going to want to know a few things about investing to make sure that you do it correctly.
You should buy bullion. While some people will tell you that they've had success with stocks or certificates, bullion is something that you can keep with you and that you can control fully. You don't have to worry about what happens to a company because you are investing in the actual metal. The price of gold is all that will concern you. When you are buying bullion, you will have the choice of bars of gold and bullion coins. Both are nice options, so choose the one that makes the most sense to your investment style.
When you are buying, you don't want to go overboard. You also don't want to have an underwhelming gold investment! You should invest between 10 and 20 percent of the money you have set aside for investing. If you invest too much, you are putting yourself at risk in case something happens to lower the gold price. If you don't invest enough, you aren't going to see enough of a profit to make it worth your time.
It is also important that you find a company that you can trust when you are buying your metals. You want to have qualified people helping you with your gold investment, and that means you need a company that has been in business for a number of years and that has a good reputation.