Open a Gold Investment Account Online

Worried about inflation?

Worried about wars, terrorism or other unforseen events?

Gold is a great hedge against inflation and other catastrophes. With a gold investment account you can preserve your wealth from any kind of catastrophe.

Gold investment accounts are easy to open online. Here are some options for opening a gold investment account:

A convenient way of investing in gold is to open a gold investment account online. There are a number of companies that offer gold investment account facilities. The most well known is probably BullionVault, but Monex also offers secure storage of their investors' gold. BullionVault is extremely popular, and maintains a 20 tonne stockpile of gold on behalf of over 140,000 customers.

With both BullionVault and Monex the investor can buy gold online. The gold can then be stored securely. BullionVault offers the ability to store your gold in three different locations - New York, London and Zurich. The website has a great user facility where you can log in and see the value of your gold holdings.

By the way, gold investment accounts can also be used to invest in other precious metals. BullionVault also allows their customers to invest in Silver. Monex has a range of other precious metal investment products including Silver, Palladium and Platinum.

One way of buying gold is through a standard stock market trading account. There are a number of ways of buying gold in an investment account. The most popular way is to invest in a commodity Exchange Traded Fund (ETF). ETF's are traded like shares but they invest in a wider range of financial products. There are gold ETF's available from a range of financial companies. When buying a gold ETF check that it is actually backed by physical gold stored in bank vaults. Some gold ETFs that are designed to track the gold price tend to use financial derivatives instead of directly investing in gold.

Popular gold ETFs that can be held in a stock trading investment account include the Sprott Physical Gold Trust (NYSE ticker symbol PHYS). Alternatives are the ETFS Securities Physical Gold ETF, and the ETFS Securities Phyiscal Swiss Gold ETF. The Swiss Gold ETF stores its underlying investment gold in secure Swiss bank vaults.

Gold ETFs held in investment accounts can be bought and sold like shares, so it's easy to add to or dispose of your gold holdings.

A gold ETF usually levies an annual charge for storing your gold. A typical gold ETF has an annual charge of around 0.5%.

Don't forget that as well as gold investment accounts it's also possible to invest in the other precious metals which are silver, platinum and palladium.

An alternative to opening a gold investment account is to buy gold and store it in your own home. Small gold bars can be bought online from major retailers such as Amazon. There are some example gold bars on this page. The nice thing about buying gold bars is that you can store them safely in your own home, so there is no risk of the government confiscating your gold holdings or some other unforseen incident happening.

Instead of buying gold bars another alternative is to buy gold coins. Again gold coins can be bought from Amazon. Gold coins can also be bought on eBay. The problem with buying gold coins on eBay is that unless you know the gold coin market well you might end up paying way above the market for your gold coins. Buying gold coins through Amazon is generally much safer.

Finally don't forget gold jewellery - this is also a great way to invest in gold.

Good luck with your gold investments.

The author of this article is not authorised to give financial advice. This article does not consitute financial advice. Before making investment decisions consult an independent financial advisor.