Physical gold
Bullion coins and bars follow the gold price closely. You pay a premium over spot, a dealer buys back below spot, and you need a safe place to store them. Jewellery is a poor way to invest because making charges are lost when you sell.
Gold ETFs and funds
Exchange-traded funds backed by bullion are the simplest way to follow the price in a brokerage account. They charge an annual fee and you own a share of the fund rather than the metal.
Futures and options
Gold futures and options trade on exchanges such as CME. They use leverage, expire on set dates and suit experienced traders. A standard futures contract covers 100 troy ounces, with smaller contracts also available.
CFDs and spread bets
Contracts for difference let you speculate on the price without owning gold, with leverage. Losses can exceed expectations quickly and most retail accounts lose money, so these are high-risk products.
Mining company shares
Shares of gold miners often move more than gold itself because profits depend on costs, management and the price together. They carry company risk that gold does not.
Before you decide
Decide your goal, time horizon and how much loss you can accept. Gold pays no interest and its price can stay flat or fall for years. This guide is general education and not a recommendation.
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Educational content, not investment advice.