So how do you invest in gold in Australia?
Gold exchange trading fund
Gold ETFs are mostly index funds supported by physical gold, which have the advantages of good liquidity, easy trading and low investment threshold. As long as you have a securities account, you can trade anytime and anywhere. Some ETFs also include functions such as currency hedging.
Physical gold
There are many gold companies in Australia that provide trading, storage and insurance services for physical gold. These companies have their own vaults to keep gold, and they can also provide home delivery service when necessary. The famous companies are ABCbullion, Perth Mint and so on. Larger companies also provide account gold trading services, so that you can avoid the trouble of physical delivery and custody. It is worth noting that the cost of this investment method may be higher than that of ETF.
Gold mining company
As a big mining country, Australia is rich in gold resources. Australia is the second largest gold producer in the world, focusing on exports. China is also the biggest buyer of Australian gold. There are many gold mining companies listed on ASX Stock Exchange. As the price of gold rises, the profits of these companies will also be reflected in their share prices. It is worth noting that there is a difference between investing in mining companies and directly investing in gold, and the risks of their own operations and debts should also be taken into account.
Price difference/gold futures price difference contract
For most ordinary traders, they should avoid participating in products with leverage and margin. Many derivatives, such as CFD, have high leverage and are settled on the same day, which is very risky. If you are not a master, you'd better not. . .
It is worth noting that gold, as a safe-haven investment, is not suitable for fast-forward and fast-out, or a large number of configurations, and is more used as a stabilizer in the portfolio. Don't expect too much from gold, but treat it as a long-term investment.