Gold is often viewed as a safe place for your money during rocky economic times. When markets fall, gold tends to hold its value. Most investors don’t buy gold bars, though. They invest in:
- A precious metals or resources-oriented mutual fund. These funds invest in companies that search for and mine gold.
- Gold stocks. You can buy the stocks of gold companies directly.
Don’t forget: Mining and resources industries are very volatile. There are many things that can affect the supply and price of gold. Before rushing to gold, do your homework. Study the markets and individual gold companies before you invest. Your investment decisions should always be tied to your unique personal situation and goals.
« Previous
Content in this section is provided in partnership with the Investor Education Fund, a non-profit organization promoting financial literacy to Canadians. To find out more go to GetSmarterAboutMoney.ca.
