1. Trading Strategies Are Risky When Abused
This is not too say that trading strategies in
general should be avoided, but rather that they should be used with
care. The gold market is not as easy to outdo compared to other
investment markets, and those who do much trading in relatively short
intervals tend to be most at risk.
2. Keep Away From Unconventional Investment Opportunities
The plain truth is that most of the companies
offering unconventional great-returns-guaranteed opportunities for
investing in gold are insecure ventures at best, frauds at worst. Gold
investments remain one of the most conventional types of investments,
and there's no new radical strategy that ensures great revenues. There
are really few to none new tricks that work.
3. Invest in Gold When You're Apprehensive About the Future
Just before an anticipated rising inflation
kicks in is one of the best times for investing in gold. Whenever the
financial security of your assets in the near future is doubtful,
consider making a gold investment. But otherwise, especially when we're
talking about a micro investment, other assets may be the better choice.
4. Gold Mining Company Equities Are Sometimes Safer
They also tend to be a bit more expensive than
other types of gold investments. Yet, like usual, they must be chosen
with care, and preferably be bought in large quantities. It's worth
remembering that not even such equities are perfectly safe gold
investments.
5. If You Invest in Gold, Invest A Lot
You probably want to invest in gold to protect
yourself from future economic uncertainties. If so, don't be afraid to
convert most of your other assets into gold because gold is and will
continue to be valuable. What's more, gold is easier to acquire than
many other assets, easier to trade, and easier to store. Perhaps not the
best investments for reaping a stupendous profit in the short term,
gold investments are ideal for avoiding or at least minimizing losses
during economic downturns.
