Investing in gold for beginners, trading in gold or investing in gold is one of the high-profit trades, but it involves a great deal of anxiety or risk such as forex trading, currency trading, petroleum trading, metal trading, and the quality of anxiety or fear varies when entering into the gold trade according to the way that You choose to trade, but in general, the reasons for fear come due to:
1- How to store gold, especially when trading in gold jewelry and currencies.
2- Buying and selling methods.
3- Gold prices and the fear of falling or going up.
4- Knowing the appropriate or preferred selling times.
5- The right price for sale.
6- The right price to buy.
How to invest in gold
Gold trading, as it involves a large profit, also involves a great risk. To reduce the risk in this type of trade, you must learn about the types of this trade, invest in gold, activities based on or associated with it, advantages and disadvantages. There is more than one type of gold trading and it differs Types of trade in gold according to the quality or shape of gold and the market, and one of those types of trade is raw gold trade.
Trade in gold
This trade means trading in gold in its tangible form, meaning that the commodity becomes available in front of you in the form of bullion or gold coins that enjoy high purity and are of 24 karat gold, so if you choose this type of trade you must know:
1- How is the correct trade done?
2- Checking the prices continuously.
3- When is the sale of the good?
4- When is the purchase made?
Gold bullion trading
Investing in gold, gold bars, where there are different shapes and weights, some of which are suitable for small investors in ounces, and there are alloys of up to 400 ounces or kilograms. This type of alloy is suitable for large investors or banks, it is always preferred that the alloy or the quantity to be Trading in the form of one piece or one alloy as much as possible, since the commission of the broker responsible for the sale is calculated on each piece that is sold, and therefore the increase in the number of alloys increases the commission, which reduces profits, and when completing the purchases, the wait is made until prices rise and then The sale is made for profit.
Trading gold coins
There are types of gold coins. There are pure gold coins that do not have any inscriptions or marks on them. There is another type that comes mixed with a percentage of copper that does not exceed 8%, which allows engraving on that type of currency. Usually the currencies are stamped so that their weight and type of gold are mentioned From which it was made and the supplier or country representing the origin of the currency.
Investing in gold
This type of gold trading is particularly suitable for collecting gold coins, as the cost of obtaining currencies is considered high, as the value of the currency depends not only on its weight and the type of gold, but also on the artistic value in it, so the market for these currencies is limited to art connoisseurs or lovers Beauty collection in general. What are the ways to buy or get gold coins?
1- Gold trading companies and sites, gold selling markets and traded shares, and these markets are characterized by safety.
2- Buying through currency traders, where there are some traders who search for currencies with historical assets to sell them, but this method involves a high risk if you are not very confident with the dealer you are dealing with.
3- Big gold stores, where these stores can contain a group of rare or ancient currencies that you deal with.
Sources or methods of buying currencies are also the selling market in which you can sell your currency to trade.