Beginner’s guide to investing in gold: basic steps and expert advice from Goldex

📈 Investing in gold is one of the most reliable ways to preserve and grow your capital. The Goldex team shares step-by-step instructions and practical tips to help you start with confidence:

◽️ Define your investment goals: Ask yourself why you are investing in gold: for inflation protection, portfolio diversification, long-term accumulation or quick profit taking. This will determine the approach and amount of investment.

▫️ Explore forms of investment: Gold is available in different formats: bars, coins, unallocated metal accounts (UMAs) and exchange-traded funds (ETFs). Compare the pros and cons of each option to find the right one for you.

▫️ Assess risk and liquidity: Like any asset, gold is subject to price fluctuations. Analyse the market, the cost of buying and selling, and possible fees when converting to cash.

▫️ Choose a reliable partner: Buy gold only from trusted companies and banks. Try to choose partners that offer transparent transaction terms, storage in certified vaults, and full-fledged document management.

▫️ Develop a storage strategy: It is important to store physical gold in a safe place – a bank or a specialised vault. OMCs and ETFs do not require physical storage, but study the contract terms and withdrawal mechanism.

▫️ Proceed gradually: Invest in gold in stages, regularly buying up and orienting yourself on the market situation. Do not invest all your savings at once – diversification always works on your side.

▫️ Follow the market and educate yourself: The precious metals market is dynamic and reacts to global news. Read analyses, attend webinars and improve your financial literacy to make informed decisions.