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5 Ways You Can Invest in Gold

There are pros and cons to the ways you invest in this precious metal

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When it comes to investing in gold, there’s more than one way to skin a cat. You can buy gold futures … or a gold-linked exchange-traded fund. You could keep a few coins in your sock drawer. Or you could go the tried and true route of burying it in mason jars in your backyard along with your emergency rations and ammo cache. You know, just in case.

The form in which you hold this yellow metal will largely depend on why you own it in the first place. There is no “best” way to own the yellow metal. The way that is most sensible for you will depend on a variety of factors, including liquidity needs, tax status and privacy concerns, among others.

For example, gold held for short-term speculation has very different considerations than bullion held as a long-term hedge or as crisis insurance.

Today, we’re going to take a look at the various ways to own this shiny metal and why you might choose one way over another. Importantly, this is not a recommendation to buy gold. With the Federal Reserve itching to raise rates and with inflation still very muted, I’m not particularly bullish on the yellow metal. In fact, I’m actually short gold as a short-term tactical trade. (We’ll cover the ins and outs of how to short gold as well.)

Without further ado, here are five ways to invest in the yellow metal.

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