A gold investment can be beneficial for even beginners, assuming they make these four smart moves.
Gold has long been considered a safe and reliable investment. Whether it's in the form of a piece of jewelry, a bar or coin or simply in your IRA, gold has many benefits for investors of all ages. However, like all investments, there are better ways to approach the precious metal than others. These approaches are particularly important to know for beginners, who may not know as much about gold as some savvier, more experienced investors.
How much you should invest will be determined by personal factors, goals and your overall investment horizon. But it should almost always be limited to that range. Understand the income opportunitiesStocks and bonds can generate income and should be invested in with that in mind. Gold, on the other hand, is less of an income-generating asset and more of a protection for your overall portfolio.
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