Gold is traded in market called spot markets. It is the most preferable trading precious metal because of its acceptability in the world and in various markets in the world. Compared to silver price and platinum price, gold is the fairest, being second to platinum and affordable to most people and is not as cheap as silver.
Investing in gold has its share of disadvantages such as when you own the physical gold, your security becomes an issue and when the demand is low and supply is high, you might have to be patient in making money with it. However, the latter is true for all tradable precious metals. The following are the advantages of investing in gold:
1. Gold trading is flexible
Gold trading is conducted twenty-four hours a day for six days a week from Sunday to Friday. This means that if you are an executive who works a 9-5 job, you can come home and monitor the movements and the progress of the gold trading in the internet on the market where you trade in. You can also consult with your portfolio manager on what do when the supply is low and the price has gone up, there are time they can even get you speculative information which is good for the trading environment.
2. You get treated like a king
Everyone invests in stocks but not all people can afford to trade in gold. In brokerage firms, you are treated better for your stake in gold and as it keeps on increasing, you become a valuable customer to them and your account is handled by the best. This experience is exciting especially because the service is personalized to you as an individual. You have a direct line to call, you get your statements on time, and you get to observe how your gold is being traded and other exceptional top of the line services.
3. You make your money either way
When investing in gold, the one thing you can be certain of all the time with a good investor is a return. As gold demand rises and the supply dwindles, you make your money, and as the gold price goes down with the currency rising, the investors change the gold for the currency so you still make money. This is a win-win situation for every trader unlike stocks where the stocks lose value if their prices go down with nothing else to do.
4. Gold has good liquidity
The best thing about investing in gold is the fact that gold is easily changed into money and money into gold. This is very convenient especially when the currency market is doing better than the gold market and vice versa.