Coins, bars, paper gold
Where normalos can buy cheap gold online
Gold is extremely in demand, the price is historically high. Stiftung Warentest has compared where consumers are cheapest to coins, bars or gold securities.
Anyone who created money in gold three years ago can be happy: the price in euros has increased by 70 percent since then. The gold price near its all -time high currently lists at around 2900 euros per troy ounce. Nobody can know exactly whether it goes up. However, the development shows that gold is currently extremely popular with investors.
It looked at how and where private investors get the cheapest way to the precious metal. The experts differentiate between two different variants: the purchase of physical gold in the form of bars or coins on the one hand. As well as the purchase of securities, so-called gold ETC.
Stiftung Warentest compares gold online shops
Gold coins and bars are available for plant purposes in easily comparable standard units. However, each provider is free to request a surcharge on the stock market price, which is why different prices come about for the same product. The Stiftung Warentest compared the impersonation for bars, tables and coins in the online shops of eleven large gold dealers. The providers proved to be particularly favorable in Antagegold24, Auragentum, ESG Edelmetall-Service and the Solit Group (Goldsilbershop.de).
In addition to the fees when buying, the physical acquisition of gold has the disadvantage that additional costs for storage in the safe or locker are incurred. And a possible later sale is practically more complex than selling securities (Read here what you have to consider when selling physical gold ).
Paper gold in the form of gold-ETC
If you want to participate in the development of the gold price, without which physically owned, you can alternatively rely on gold ETC. Etc stands for Exchange Traded Commodities, i.e. stock markets traded. This acquires a bond on real gold, which is stored by the provider itself.
Similar to the ETF known from the stock area, you can purchase gold-scale as a one-off system or as a savings plan. According to Stiftung Warentest, some direct banks and neobrokers are “very cheap or even without buying costs”. There is a theoretical risk of total loss, the provider of the Gold-ETC should go bankrupt. The goods test experts see the risk as low.
How sensible a gold purchase as a value situation is in general has to decide for themselves. The aforementioned costs are offset by a fluctuating performance. The precious metal does not cast off reliable interest or dividends. To do this, many investors appreciate it as a safety module in the portfolio in the event that other forms of investment crash. Experts recommend that private investors do not create more than 10 percent of the assets in gold.
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Source: Stern
