Investing in physical gold is an accessible and direct option for most investors, but if you have some time on hand, there are many other tried and true ways to grow wealth and build your investment portfolio. There are many ways to start investing in gold, such as bullion (or gold bar), jewelry, mining companies, mutual funds, and ETFs. 
 

If you're planning to invest in any form of gold or trying to figure out the different types, it's easy to get confused in the details. That's why we have created this guide to help you learn the 5 best ways to invest in gold in 2024. Here, we will cover everything from gold ETFs to mutual funds and gold mining stocks. 

Is Gold a Good Investment? 

Yes. The first reason gold is worth the investment is obvious: it maintains its value over the long term. In a world where inflation impacts the value of every investment option, gold protects the portfolio from volatility. It's a low-risk investment and often leads to higher returns. When you invest in gold, rest assured that the value of gold will be of high worth in the future. 

Image Ref: https://unsplash.com/photos/a-pile-of-gold-bars-sitting-on-top-of-a-table-EKPiXskP1yg
How to Invest in Gold: Different Types & Its Benefits 

There are a lot of investment options out there. If you are willing to play the long game, then investing in options like gold stocks or gold mutual funds could be a good move. On the other hand, if you want a simple investment method, physical or digital gold might make more sense. 

Here, we'll explore some of the best ways to invest in gold for both early-stage investors and experts. While you can absolutely invest in one of these investment options, the goal here is to help you learn the various types of gold investments — and their advantages and disadvantages in the long run. 

Gold ETFs: Also known as gold exchange-traded funds (ETFs), they are generally traded on the stock market. Here, you do not buy or own any physical gold but definitely get some exposure to the performance of gold in the market. 

Gold Mutual Funds: Mutual funds are purchased or sold just like gold stocks — making the method easier and more cost-effective than owning coins or bars directly. For most investors, gold mutual funds are generally the safest and easiest way to start a gold investment. 

Physical Gold: It's one of the most common ways to invest in gold. You can simply purchase gold coins, bars, biscuits, or jewelry — and get good returns while selling. However, there are higher chances of theft in physical gold.

Image Ref: https://unsplash.com/photos/gold-and-black-metal-tool-iYsrkq5qq0Q 

Digital Gold: There are many FinTech platforms that help people invest in digital gold backed by physical gold. If you wish to get started with digital gold, all you need to do is make digital transactions on gold at market prices and then redeem it anytime you sell. 

Gold Mining Stocks: There are many gold mining and exploration companies where you can invest in profitable gold operations and projects to get higher returns. Fields of Gold provide a safer way for everyone to invest in gold than through direct ownership, which helps you earn profits in times of declining or flat gold prices. 

Here's a quick comparison table where we’ll reveal the advantages and disadvantages of gold investment types — so you can choose the one that is best for your needs. 

Invest in Gold for High Profits in 2024 

If you are looking for the easiest and most common investment method, physical gold would be a good option. But if you want to choose the best way to invest in gold that pays higher returns and profits, we'd recommend investing in a gold mining project. 

While it would have taken a lot of hours to choose the most profitable gold mining and exploration company, this could be a game-changer in the long run. There are many people who have seen their investment in mining projects pay off with Fields of Gold. 

If you wish to learn more about how to invest in gold mining, talk with the Fields of Gold team today.