Keep a detailed inventory of your collectionKeep insurance coverage up to date and adequateCreate and implement a security plan
One of the most popular ways to invest in gold is through exchange traded funds; more commonly referred to as ETFs. There are a few reasons why individuals choose to invest in this form of gold. Most obvious is the convenience of being able to purchase shares through a brokerage account with a couple of keystrokes from a computer. Secondly, itâ€™s possible to invest in shares that are a fraction of standard size gold coins and bars, which provides a bit more flexibility. Thirdly, the expenses associated with investing in ETFs are minimal. Lastly, the round trip commission associated with buying and selling gold through ETFs are nominal on an annual basis. While on the surface, investing in gold ETFs may sound like the ideal investment, the fact of the matter is that investing in gold ETFs is a very risky proposition; much more than you may have realized. In this article, weâ€™ll share with you some of the potential pitfalls associated with investing in gold ETFs and why we believe that an investment in physical gold coins and bullion is a superior option.