WGC Published Guide for Retail Gold Investment

SEATTLE (Scrap Monster): The World Gold Council (WGC) published a new report that offers guidance to investors on retail gold investment.

The report outlines various gold product types such as gold bullion bars, coins, numismatic coins and other collectibles, jewellery items and other managed gold products to choose from.

The investor must first consider whether the specific product that he/she intends to buy gives legal title to gold. Obviously, all gold investments provide outright ownership in gold. Investors could take direct possession of gold and store it themselves. Else, they can rent a deposit box with a service provider for gold storage. Whichever option they choose, they should ensure that the purchased gold is adequately covered by insurance.

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The retail gold investment products vary widely in terms of characteristics. Understanding the specific product you want to buy, in relation to the alternatives, is essential. It is equally important to ensure that the retail gold investment provider is reliable and trustworthy. In addition, one should make sure that the product provider adheres to regulatory or voluntary standards.

Gold investors must compare the types and costs of similar products to ensure that you buy the gold products at reasonable and legitimate price.