Sunday, March 18, 2012

Can I invest in gold and silver without actually possessing it? | Gold ...

Q: Can I invest in gold and silver without actually possessing it?

Futures are temporary/short term. How can a buy precious metals without physically owning them?

Answer:

You could buy the companies that mine them on the stock exchange. That is a classic play. All you need is a brokerage account. No vaults, no intermediaries, no certificates, no bullion. If the value goes up, so does the value of the mining company.

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