How do I get into gold investment?
Thursday, 08 October 2009 01:06
A reader from Buckinghamshire is looking at low savings rates and wants to invest in gold instead.
Karen Crowshaw, Halifax Bank investments expert, tackles the problem.
Susan from Marlow asks:
I am not happy with savings rates and don't want to put my money into stocks.
How do I go about putting my cash into an alternative investment such as gold?
Karen replies:
There are several ways to access investments in gold.
A collective investment which includes hard commodity or gold mining companies would provide you with indirect exposure to gold and potentially other metals.
Alternatively you could speak to a specialist broker, who will be able to help you.
However, the minimum investment could be relatively high.
You should bear in mind that single commodities represent a higher level of investment risk than collective investments, where the risk is more widely spread.
If you have a question for Karen, go to the myfinances.co.uk Ask the Investments Expert section
Or for more information on your investment options go to investments at Halifax.
Comments
Newsletter sign up