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Often considered a safe investment, there are ways to invest beyond physical gold, such as ETFs and stocks that pay dividends. Learn more here.
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If a 1-ounce gold bar is too pricey at about $2,000, you can buy gold coins or gold jewelry. Just be sure that you know the actual gold content of what you are buying, and buy from a reputable dealer.
Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets. Compared to other precious metals used for investment, gold has been the most effective safe haven across a number of countries. [1]
LSTA, a Texas-based company that also owns precious metals dealers U.S. Gold Bureau and WholesaleCoinsDirect.com, operates a highest-rated, Class 3 vault that serves as the depository’s initial location. Planning for a permanent home for the Texas Bullion Depository began in 2018, at a site in Leander, Texas that should be completed in 2019.
Texas Precious Metals, based in Shiner, Texas, is one of the largest precious metals dealers in the United States. [ 3 ] [ 4 ] The company reported annual revenues of $180.1 million in 2013 [ 1 ] and $153.2 million in 2014. [ 2 ]
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