Safe ways to invest in gold

Gold has been a safe haven throughout the ages, and businessmen, investors, and seasoned citizens rush to it, especially when predicting an approaching economic crisis.

In light of the current and exceptional global circumstances, the prices of the precious metal sometimes jump, and at other times they drop to their highest levels by large numbers, taking into account the presence of competitors such as cryptocurrencies and other various investments, which made some flounder and wonder: Does the yellow metal still maintain its position? What are the best ways to invest in it, gold jewelry and pounds, or gold bars?

Investing in gold is a safe choice

Engineer Rafik Abbasi, former head of the Gold Artifacts Division of the Federation of Egyptian Industries, says that gold has been a safe haven throughout the ages, but it cannot be said that buying jewelry or gold pounds is an investment, rather it is a saving because the profit through them is very simple.

He continued, "The real investment is buying gold bars, because they are pure gold, and their weight is much larger, and the time of purchase is at the global price of gold, not the local one, and when selling as well."

Most notably Sawiris.. businessmen who profited from gold

Abbasi pointed out that saving and investing in the precious metal is a correct decision, but choosing the right time to buy and sell is the most important.

He explained that many businessmen, like Naguib Sawiris, chose many years ago the decision to invest in gold, whether by buying gold bars or mines to explore for the precious metal, and none of them suffered a loss.

Jewelry and gold coins or alloys?

Dr. Hani Kamal, an economist, says that gold jewelry is a popular option for investing in gold, as it is bought at a specific weight and at a specific price, however, it may be difficult to sell it later, and it may be valued at prices lower than the purchase price at times, in addition to Therefore, gold jewelry costs high amounts in purchase and storage.

The economist believes that golden pounds are another option for investing in gold, as they contain certain quantities of gold and are characterized by the ease of trading, buying and selling, however, they are evaluated on the basis of weight and purity, and the value of gold pounds usually costs more than its actual value due to the additional value.

Regarding gold bars, the economist explained that they can be described as pure gold plates that are easy to trade, buy and sell, and they are increasingly popular in recent years.

He pointed out that it is characterized by being evaluated based on the current gold price, and in addition, gold bullion is considered the most cost-effective way to invest in gold, as it is purchased at prices commensurate with its weight and purity, and when sold it can never be lost.

Set your investment goals before entering the world of gold

The economist believes that, in general, it can be said that gold bullion is the best way to invest in gold, as it is characterized by ease of trading, buying and selling, and costs less than pounds and gold jewelry.

And he stressed that investors should consider their financial and investment goals before making the final decision on the best way to invest in gold, and they should also take into account factors such as risk, fluctuations in gold prices, the general economy, government policies, inflation, monetary benefits and other factors that can affect the value of gold as an investment.