How to Invest in Gold

Investing in gold is a popular way to try to earn extra money. Gold is relatively immune to the effects of inflation, drops in the value of currency, and global fluctuations, which makes it a particularly attractive investment. If you do decide to invest, try to vary your overall portfolio and put no more than 20% of your assets into gold. You can invest in physical gold by buying and storing gold coins or bars, or buy gold indirectly by investing in gold stocks and funds.

[Edit]Steps
[Edit]Buying Physical Gold
Decide how much money you’re willing to invest. Gold usually makes up a small part of an investor’s overall wealth. Aim to invest no more than 20% of your money in gold. This will allow you to diversify your overall investments without tying up or risking too much of your capital.[1]
If you only have a small amount of money to invest, aim for a more conservative 3 to 10% investment in gold.
Find a reputable gold dealer by checking your country’s treasury website. Look for a list of approved sellers before you buy your gold. It’s important that you find a dealer who has been reviewed or endorsed by the government to ensure your safety.
There are many website scams for buying and selling gold, so be sure to check the credibility of the dealer you plan to use.
If you’re in the US, check out the US Mint’s website for a list of dealers who have been checked for complaints with the Better Business Bureau. These dealers are not associated with or endorsed by the US mint, but they are more likely to be reputable than dealers who are not listed.[2]
Compare gold dealer prices to get the best value. Check out exchange websites to see the spot price of gold, which is the current cost gold based on the estimated future price of gold. The spot price fluctuates throughout the day. Compare the prices for gold advertised by different dealers, including additional costs for delivery.[3]
Avoid paying more than 5% over the spot price for your gold.
Purchase gold bars for large, long-term investments. If you want to invest a large sum of money in gold, buying gold bars may be simpler than buying a large number of gold coins. The purchase will be more straightforward and the gold will be easier to store and keep track of. You may want to avoid buying gold bars if you think you may want to sell part of your investment later on.[4]
Keep in mind that gold bars are often harder to resell and ship than coins.
Since 2013, the price of gold bars has fluctuated between approximately $35,000 USD and $45,000 USD.[5]
Buy highly-circulated gold coins for a smaller, flexible investment. If you are looking to invest a few thousand dollars or less in gold, opt for gold coins. Coins are often easier to sell when you want to liquidate part or all of your investment. You may want to purchase widely-circulated gold coins and avoid rare coins, which are harder to evaluate and resell.[6]
Investing in gold coins will allow you to break up your investment by selling part of it or buying more in small increments.
Use cash, a bank wire, or a cashier’s check to purchase your gold. Most gold dealers will not accept credit cards for gold purchases for the sake of security. If you don’t have enough cash, you can purchase a cashier’s check from your bank or arrange a wire transfer to pay for your gold once you have worked out a deal. You will have to visit your local bank branch for these cash alternatives.[7]
To get a cashier’s check or make a wire transfer, provide details to your bank about the payee such as their name, full address, and bank information (e.g. their bank branch number.)
You can make your purchase in-store at gold dealer shops or online from reputable vendors who will ship the gold to you securely.
Store your gold in a safe deposit box or home safe to keep it secure. Once you own physical gold, you will have to protect your investment from loss or theft. The best way to guarantee the safety of your gold is to get a safe deposit box at a bank. If you decide to keep the gold at home, invest in a safety deposit box to protect it in case of a robbery or other emergency.[8]
Be aware that storing your gold at home will likely result in a higher insurance premium if you inform your insurer.[Edit]Investing in Gold Indirectly
Buy into a gold exchange-traded fund for a simple, low-cost investment. Gold exchange-traded funds (ETF’s) are funds managed by gold experts, which means strong professional guidance with regard to your investment. There are different types of ETF’s, but they all involve buying shares of an ownership of gold, meaning that you own gold indirectly. Discuss different types of ETF’s with your financial advisor to see if they are worth adding to your investment portfolio.[9]
Find a reliable financial advisor by asking for referrals from friends or colleagues.
Shareholders of ETF’s have no direct claim to the gold.
Each ETF will have its own types of expenses.
ETF’s are subject to taxes.
ETF shares are traded on public stock exchanges.
Try gold exchange-traded notes for a riskier investment with high earning potential. Gold exchange-traded notes (gold ETNs) are set-term investments that pay returns based on how the gold futures market performs while your money is invested. You may profit significantly or lose all of your money since they offer no principal protection. Talk to your financial advisor about this kind of investment, which may or may not work for you depending on your financial situation.[10]
ETN’s are also flexible as they can be traded at a higher price or sold and re-bought at a lower price.
Purchase gold miner stocks to base your profits on one company. Gold miner stocks allow you to invest directly in a particular gold miner. This means that your profit or loss is based entirely on the performance of 1 (or more) gold mining company. Look at your gold miner stock investment options with your financial advisor to see if the adventure and possible profits of this kind of investment are worth the risk.[11]
The gold market is volatile, so this sort of investment will likely be a roller coaster ride.[Edit]Tips
Avoid buying gold from unreliable websites as there are many gold scams on the internet.
Be patient with gold stocks as they are prone to rising and crashing frequently.
As an investment strategy, consider putting a fixed amount of money towards gold each month regardless of the current price to ride out the ups and downs of the market.[Edit]References
[Edit]Quick Summary↑ https://www.thestreet.com/story/10389829/1/how-to-invest-in-gold.html

↑ https://www.kiplinger.com/article/spending/T026-C011-S001-7-ways-not-to-buy-gold.html

↑ https://www.bankrate.com/investing/5-tips-to-shine-in-investing-in-gold-coins/

↑ https://moneyweek.com/2225/how-to-buy-gold-bullion-55811/

↑ https://www.moneymetals.com/precious-metals-charts/gold-price

↑ https://www.bankrate.com/investing/5-tips-to-shine-in-investing-in-gold-coins/

↑ https://www.bankrate.com/investing/5-tips-to-shine-in-investing-in-gold-coins/

↑ https://moneyweek.com/2225/how-to-buy-gold-bullion-55811/

↑ https://www.investopedia.com/articles/etfs/top-gold-etfs/

↑ https://www.thestreet.com/story/10389829/1/how-to-invest-in-gold.html

↑ https://www.thestreet.com/story/10389829/1/how-to-invest-in-gold.html

Read More

Today in History for 25th November 2019

Historical Events

1491 – The siege of Granada, last Moorish stronghold in Spain, begins
1598 – Jacob Cornelius van Neck’s merchant fleet reaches Bantam, West-Java on second Dutch expedition to Indonesia
1874 – The United States Greenback Party is established as a political party consisting primarily of farmers affected by the Panic of 1873.
1955 – Clement Attlee resigns as leader of the UK Labour Party
1965 – Congo military coup under Gen Mobutu, President Kasavubu overthrown
1995 – “Patti LuPone on Broadway” closes at Walter Kerr NYC after 46 performances

More Historical Events »

Famous Birthdays

1501 – Yi Hwang, Korean Confucian scholar of the Joseon Dynasty, born in Ongye-ri, Andong, North Gyeongsang Province (d. 1570)
1721 – Willem Crul, British admiral (West-Indies), born in Haarlem, Netherlands (d. 1781)
1753 – Otto Carl Erdmann Kospoth, Prussian composer, born in Mühltroff (d. 1817)
1858 – Alfred Capus, French author (d. 1922)
1960 – Amy Grant, American gospel and rock singer (Glory of Love, Baby Baby), born in Augusta, Georgia
1983 – Kirsty Crawford, Scottish singer/songwriter

More Famous Birthdays »

Famous Deaths

1883 – Ludwig Erk, German composer and folk song collector, dies at 76
1894 – Solomon Caesar Malan, British orientalist, dies at 82
1914 – Davorin Jenko, Slovene-Serbian composer, dies at 79
1948 – Kanbun Uechi, karate master (b. 1877)
1974 – Nick Drake, rocker, dies of a drug overdose at 26
1997 – Fenton Robinson, US blues guitarist (Tennessee Woman), dies at 62

More Famous Deaths »

Read More

How to Prevent Suicidal Thoughts

It may not always be easy to prevent suicidal thoughts. There will be days when you feel like life just isn’t worth living. The most important thing is that you don’t feel guilty or ashamed for having these thoughts and know that you are not alone. Plenty of people have had suicidal thoughts and were then able to prevent having them and went on to live meaningful lives. If you want to know how to prevent those suicidal thoughts, see Step 1 to get started.
If you’re thinking about suicide and need immediate help, please call 800-273-TALK, the National Suicide Prevention Hotline, or text 741741 to chat with the Crisis Text Line.

[Edit]Steps
[Edit]Changing Your Thoughts
Know that you can get through this. You may literally be at the end of your rope, thinking that there’s absolutely nowhere else for you to turn. But you know what the best part of rock bottom is? It’s that the only place you can go is up. You may feel like you have nothing to live for and that everything can only get worse, but the important thing to remember is that things will get better if you stick it out and make a game plan. Sure, your life won’t be amazing overnight, but if you are aware that things can get better for you, then you’ll be on the way to moving forward.
When you feel a suicidal thought creeping up, just tell yourself that you know you can get through it and that you’ll have better days.
Ask for help immediately. There are many people out there who deal with people like us every day of their lives. They are there because they want to help us, not make us feel even more miserable. It may seem like there is nobody in this world who can help you, but that’s probably because you’re not letting them help you. If you tell your friends how you’re feeling then they are guaranteed to help you out. That is, if you let them. It’s understandable that you may not want anyone’s help, and that’s completely acceptable. But you can’t just keep having that thought linger in your mind forever.
If you feel that you are in danger of harming yourself and have no one to turn to, call the Emergency Services, your doctor, or check yourself into the ER as soon as you can. You should not be alone during this difficult time, period.
You can also call a helpline if you’re in trouble and want someone to talk to. You can call 1-800-273-TALK (8255) at any time in the US or you can call Samaritans at 116 123 or PAPYRUS at 0800 068 41 41 (if you are a teen or a young adult) if you’re in the UK. Go online to find the contact information for the suicide helpline in your country.
If you’d rather text someone, send a message to the Crisis Text Line at 741741 to chat with a crisis counselor. If you’re in Canada, the number is 686868, or text 85258 in the UK.
Delay your plan. If you’re having suicidal thoughts, just tell yourself that you won’t do anything drastic for another week. Or another 48 hours. Or even another day. Just putting off whatever negative thoughts you’re having will give you time to turn to someone for help, find a distraction, or to start seeing the world in a better light. Yeah, if you’re having suicidal thoughts one day, then you won’t think that you’re the happiest person alive in 24 hours, but you may be feeling better enough to no longer be thinking of suicide.
Think of all the people who love and care about you. Though you should not feel guilty for having suicidal thoughts, you can help prevent these thoughts by reminding yourself of all the people in the world who genuinely care about you. Sure, you may be feeling completely alone, but that may be because you’ve been out of touch with your friends recently or you haven’t been feeling close to your family. That doesn’t mean that there aren’t people who care for you and want you to move forward.
Of course, one of the reasons people have suicidal thoughts is because they may feel like no one at all cares about them. Sure, maybe you don’t feel like you have any real friendships and you don’t have a strong family bond, but that doesn’t mean that there’s no one who cares for you, even if it’s a neighbor, a classmate, or a co-worker. If you’re thinking negatively, it’s natural to think that absolutely no one cares, but this is rarely the case.
Don’t feel guilty or ashamed for your thoughts. You may feel bad about having suicidal thoughts, but this is the last thing you should feel. Your feelings are perfectly natural and plenty of people have felt guilty before, but that doesn’t do them any good. Instead, accept the feelings that you’re having right now, but you may not feel that way forever. You’ll find that this way, you’ll be able to move forward much more quickly and to prevent those thoughts from happening again. If you dwell on your guilt and shame, you’ll actually be feeling those feelings for longer.
Think of all the things you have yet to do. This may sound corny, but taking the time to write down and consider all of the things that you haven’t done yet, whether it’s fall in love or travel to a foreign country, can give you hope and more of a reason to live. The next time you feel like ending your life, you can think about all of the things you have ahead of you, and you’ll see that you have so many more experiences to soak up before your life is over.
If you don’t feel like you have anything left for you, think about the connections and things that have kept you pushing forward so far.
Find a distraction. Yes, even finding a way to distract yourself, from doing yoga to sharing a cup of tea with a close friend, can help you avoid these suicidal thoughts. If you’re focused on something else that you care about, even if it’s just something silly that takes your mind off of your worries, then you’ll be in a better place. You can even make a list of all of the things you can do to distract yourself, so you have somewhere to turn when you’re having suicidal thoughts.
Of course, if you’re seriously considering suicide, it’s important to get help immediately. But if you just find yourself starting to think that life is meaningless, then you can try to turn those thoughts off by turning to something else.
Talk to a doctor or a therapist. If you are having suicidal thoughts, then you can’t prevent them alone. You should talk to a doctor or therapist to discuss the next steps. A therapist can talk to you about problems in the past and can help you make a game plan for the future, and both a therapist and a doctor can see if you are in need of medication. Though medication won’t be able to “fix” all of your problems or fully prevent your suicidal thoughts, it can greatly help to be diagnosed with depression, bipolar disorder, or other mental conditions that can be impairing your judgment. You can only get help for these once you learn to move forward.
Make a gratitude list. Though it may sound corny, making a list of all of the things you have to be thankful for, from your best friend to your physical health, or even the sunlight, can help you remember all of the reasons why you want to live. Make a list that is at least a page long and keep it on your person, or in a place that is easy to reach, at all times. When you’re having those suicidal thoughts, you can peruse your list and can see that you have so many reasons to live. And who knows, the list may even bring a big smile to your face.
Take care of yourself. Sure, eating three healthy meals a day, getting plenty of rest, and not abusing alcohol may still not make you feel happy about your life, but these things are definitely guaranteed to make you feel better than if you ate poorly, barely slept, and went binge drinking three times a week. Paying attention to your physical condition can have a major impact on your mental condition; though it’s easy to neglect your body when you’re feeling low, if you make an effort to be healthy, your thoughts will improve.
Exercising also gives you endorphins that can put you in a more positive frame of mind.
Avoid your triggers. If you know that there are certain things that can lead you to have suicidal thoughts, then you should avoid them at all costs. If seeing your ex always makes you feel like you’re in a pit of despair, then avoid them. If going to big family functions where everyone is yelling at each other makes you feel so alone, then avoid them. Make a list of all of the things that make you the most unhappy, and make a plan for avoiding them as much as you can.
Unfortunately, it may not be possible to avoid all of your triggers. But you can make a plan for coping with them if you have to face them.
Avoid drugs or alcohol. If you’re even worrying about preventing suicidal thoughts, then you should avoid drugs and alcohol at all costs. While they may offer a temporary release from your problems, once the effects wear off, you will be feeling more depressed and upset than you were to begin with. Both drugs and alcohol are to be avoided at all costs while you’re battling with suicidal thoughts; they can also cause you to act impulsively, which is something you definitely want to avoid.
Address the causes as much as you can. There may be some concrete reasons for your suicidal thoughts. Seeing a doctor or therapist can help you talk things over and to address any mental illness that you may be suffering from, but that may not be enough. You may feel like you’ve reached a dead end because you can’t stand your job, know that you’re in a terrible relationship, or have body image issues. Though there may not be one “cause” for all of your thoughts, there will certainly be many contributing factors. If you set out to change some of those things, such as looking for a new job, then you may slowly begin to see your suicidal thoughts receding.
That said, you should avoid making any major decisions while you’re having suicidal thoughts. While those thoughts are happening, it’s best to call for help, give it some time, and wait until you’re feeling more stable. Then you can think rationally about which next steps you want to take.[Edit]Acting in Crisis
Make a safety plan. If you’re having suicidal thoughts, it’s best to be prepared in advance, so you know what to do in the event of a crisis. Everyone can have his or her own safety plan, but it should include certain things like calling for help immediately, driving to a close friend’s house, doing something that soothes you no matter what, spending time with your pet, or reading over your gratitude list. The most important thing is that you plan not to be alone while you’re feeling suicidal and that you have something to do while you wait for help to arrive.
Writing down this plan can help you know what to do when you’re feeling unsure or upset in the moment.
Make copies and share your safety plan with your loved ones so they can help care for you if you’re having a time of crisis.
Remove the means. Get rid of alcohol, medication, sharp objects, or anything else in your home that can make it easier for you to end your own life. If you’re having suicidal thoughts, then it’s important to make it as hard as possible for you to follow through on what you’re thinking. Call a friend and wait for him or her to arrive and find a place to lie down and wait. If you know that there are few things in your home that can make it easier for you to harm yourself, then you’ll be more likely to stay safe.
Remove the opportunity. This means that you should immediately be around a person who can prevent you from ending your life. The opportunity comes from being alone, and if you’re having these thoughts, you should be with a friend, family member, neighbor, or someone you know so you can feel like you’re less alone, and so that you’re feeling like you have less of an opportunity to end your life. If you are considering taking your own life, call for help ASAP.
Be patient. Time may not heal all wounds, but it will certainly make things seem less dire. It will be difficult, but you have to understand that having suicidal thoughts will not make time go by any quicker. You just have to be strong and not give up. Progress will be made in time. Things will get better, but you have to let them get better. Only you can decide how you want your future to be laid out. It may not seem like anything is getting better, but the truth is, it is.
Continue caring for yourself even when the thoughts go away. Always make your mental health a priority, even if you haven’t had suicidal thoughts for months. Taking the time to exercise, get enough rest, and being kind to yourself can make a big impact on your mental state.[Edit]Tips
If you truly believe that you can’t continue on anymore call 1-800-SUICIDE. They can help you, that’s what they’re there for. Just because you need help doesn’t mean you have any sort of problem whatsoever. After all, you’re only human.
Just because you may have thoughts like this does not make you a bad person. You’re just having a hard time understanding what’s happening in your life and what you should do about it. But the best thing that you can do is stay calm and believe that everything will get better in time.
Nobody said that coping with these kinds of thoughts would be easy. But if you can get help from other people and accept their help, then things will turn out for the best.
Patience is a virtue, it doesn’t just come naturally. Only you can help yourself become more patient. Or you can rely on your family and friends to help you along the way.[Edit]Related wikiHows
Prevent a Suicide
Cope With Suicidal Thoughts
Avoid Having Suicidal Thoughts if Your Parents Have Them
Call Emergency Services[Edit]References
http://www.psychologytoday.com/blog/hide-and-seek/201204/fighting-suicidal-thoughts
http://psychcentral.com/blog/archives/2010/07/31/help-prevent-suicide/
http://www.healingfromdepression.com/suicidal.htm
http://www.nhs.uk/Conditions/Suicide/Pages/Getting-help.aspx
http://www.metanoia.org/suicide/
Read More