First of all, the most important thing to buy gold to preserve its value is to be familiar with the gold market. Need to know the price trend of gold and what factors affect its price. Secondly, we should be familiar with the trading methods of gold, such as gold futures, spot and ETF. These trading methods have different characteristics and prices, so when choosing a trading method, you should choose according to your own situation.
In addition, if you want to buy gold for preservation, you need to know the custody and insurance of gold. Generally speaking, you can choose gold ETF to buy gold, and you don't need special warehousing and insurance, and you don't need to pay warehousing fees. However, if you choose spot trading, you need to consider the issues of warehousing and insurance, because the gold traded in spot is physical and needs a safe storage environment.
In addition, when buying gold to preserve its value, it is also necessary to consider the transaction cost. In spot trading, you need to pay fees and other fees, and in gold ETF trading, you also need to pay fees and other fees, so when buying gold, you must calculate the transaction fees to get the maximum benefit from the investment.
In short, to buy gold to preserve its value, we need to know the situation of the gold market, understand the trading mode of gold, as well as the warehousing and insurance situation of gold, and also need to consider the transaction cost. Only by considering these problems clearly can we get the greatest benefit when buying gold.