Trader writes that he wants to acquire gold, thus Trader will discuss it in the post. Although there are other precious metals to invest in, such as silver, platinum, and palladium. However, there are fewer of them than gold alternatives.
Previously, a trader stated that there are numerous strategies to invest in gold. Let me remind you of them briefly:
1. Buy shares of gold mining companies.
2. Invest in a mutual fund based on gold quotes or buy an FXGD ETF.
3. Open an unallocated metal account.
4. Buy gold coins.
5. Buy gold bars.

Investing in precious metals like gold, silver, platinum, and palladium can diversify your portfolio and hedge against inflation. Start by researching the different investment options: physical metals (bullion, coins), ETFs (exchange-traded funds), mining stocks, or futures contracts. For physical ownership, buy from reputable dealers and consider storage (home safe or bank vault). ETFs offer exposure without storage hassles, while mining stocks provide leverage to metal prices but carry higher risks. Futures are complex and best for experienced investors. Allocate only a small portion (5-10%) of your portfolio to precious metals to balance risk. Monitor market trends and economic indicators, as metal prices fluctuate with demand, currency values, and geopolitical factors. Consult a financial advisor to align investments with your goals.