From any point of view, it seems that gold has been on a mission to climb higher and higher. Whether it’s because people are betting against central banks, hedging against a crash, or buying for any other reason, all I want to focus on is how to help YOU profit from it.
But it may not be as simple as saying, “I want to buy gold today.” Many people don’t realize just how many ways there are to make money from gold, but you’re going to see the very best ones right now.
Here’s how you’re going to be able to make a pile of cash on the back of gold’s rise, and what you can do to buy gold for a third of the price…
Let’s list a few ways you can profit from gold:
1. Buy physical gold
When your neighbor on the street says he wants to buy some gold, this is probably what he’s talking about. He wants to get his hands on physical gold to stash away under his mattress or in a safety deposit box.
By using this option, you will technically make or lose money according to the change in the price of physical gold from day to day.
2. Buy a gold ETF
With an exchange-traded fund, or ETF, that follows the price of gold, you’ll be able to invest in gold without having to deal with storing actual physical gold. Instead, you can have money in a trading account that rises and falls according to the ETF’s reaction to the change in gold’s price. Think of it as buying a stock that tracks gold.
3. Buy gold miners
A gold miners ETF, like VanEck Vectors Gold Miners ETF (GDX), seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index (GDMNTR), which is intended to track the overall performance of companies involved in the gold mining industry.
This is an indirect investment on gold, and can yield big profits very quickly. Since January of this year, gold miners have leapt up from $12.40 to $30…that’s a gain of over 140%!
4. Buy gold via royalty streams
Another indirect way to make money from skyrocketing gold is another ETF: gold royalties. With a security such as RGLD, you can invest in a company with royalty claims on gold and other precious metals.
RGLD has jumped from $25 to over $75 since January, which is a gain of 200%!
5. Buy gold for a third of the price
And one of the savviest ways to invest in and profit from gold’s climb is via a leveraged ETF. An ETF like UGLD is a triple-leveraged security on GLD, which acts as a stock that rises and falls as gold rises and falls.
The interesting thing about this leveraged ETF is that, instead of buying shares of GLD at $130, you’ll actually get UGLD (the leveraged ETF) for under $15!
And to show you that I don’t just talk the talk, just last week I actually made double-digit profits on gold miners within a matter of days, myself. Is it your turn now…?
Thank-you, sir.