Can i buy gold and keep it?

While it's true that you can keep your gold at home, many investors prefer a custodian. Be sure to look for safe options for storing your gold before buying it and keep in mind that secure storage adds costs to your gold investment.

Can i buy gold and keep it?

While it's true that you can keep your gold at home, many investors prefer a custodian. Be sure to look for safe options for storing your gold before buying it and keep in mind that secure storage adds costs to your gold investment. Investors can invest in gold through exchange-traded funds (ETFs), buy shares in gold miners and partner companies, and buy a physical product. These investors have as many reasons to invest in metal as there are methods to make those investments.

In reality, there are only three ways to store your gold, store it at home, use a bank safe, or pay an external storage company. Gold has been a valuable commodity for centuries. Throughout recorded (and unrecorded) history, gold has been used as a currency and symbol of wealth and power. Gold has been found in graves, buried next to remains dating back to 4,500 B, C, E.

A futures contract gives the holder the right to purchase a specific amount of gold at a future date and price. Options contracts also allow the holder to buy or sell shares of a gold ETF or gold mining stocks at a specific price and date. Contracts move with the underlying price of gold or gold-related shares, giving the investor exposure to gold without owning the underlying investment. Once you have your gold, you'll need to figure out where to store it.

If you keep it at home, a thief could keep your investment. If you put it in a bank safe deposit box, you'll need to buy additional insurance, because those boxes aren't covered by federal deposit insurance. And if someone else stores it, you'll have to pay them for the service and make sure it's a legitimate business, not a guy with a very lucrative P, O.

Sara Sidorowicz
Sara Sidorowicz

Professional investing expert. Infuriatingly humble zombie nerd. Evil social media scholar. Avid twitter scholar. Infuriatingly humble web fanatic.