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Investing in gold for protection against financial crises?

Gold continues to be a coveted asset for investment. The Stiftung Warentest has determined advantageous locations for purchasing gold.

Investing in gold as a protective measure
Investing in gold as a protective measure

Investing in gold for protection against financial crises?

In the world of investments, gold continues to be a popular choice for many. Whether you're considering Gold-ETCs or physical gold bars and coins, here's a breakdown of the options available in Germany.

Gold-ETCs: The Digital Approach

If you're looking for a faster and easier way to invest in gold, Gold-ETCs might be the answer. These electronic trading certificates offer a more streamlined approach to gold investment, with markups on the exchange price ranging from zero to eight percent. They also require less effort in terms of storage, as they are papers available for investment.

However, it's important to note that Gold-ETCs cannot be used as a currency reserve and are not recommended by "Stiftung Warentest Finanzen" as a component of a diversified investment portfolio. Yet, they can serve as a form of protection against a historical financial crisis.

Physical Gold: The Traditional Route

For those who prefer physical assets, there are several reputable online dealers in Germany offering competitive pricing and secure services. Among them, EMK.com stands out due to its VAT-free investment gold, broad selection, and trusted service. Other notable options include Anlagegold24, Auragentum, ESG-Edelmetall-Service, and the Solit Group.

When choosing an online dealer, it's crucial to compare spot premiums, shipping costs, and available discounts for larger purchases. Additionally, look for dealers with Trusted Shops certification and extensive experience to ensure authenticity and favourable buy/sell spreads.

Storage Considerations

Regardless of whether you choose Gold-ETCs or physical gold, security should be a top priority. Gold bars or coins should be stored in a safe deposit box or safe for maximum security. Neither the Trade Republic depot nor the Tradegate Direct depot charges custody fees for the ETCs in their custody, making them particularly cheap options.

The Rise of Gold Prices

Currently, gold is around 2,870 euros per fine ounce. Over the past year, gold has risen by approximately 38%. Investing up to 10% of savings in gold can help balance out fluctuations in stocks and bonds.

In conclusion, whether you opt for Gold-ETCs or physical gold, it's essential to do thorough research and compare prices and services before making a decision. With the right information, you can make an informed choice and invest in gold with confidence.

Personal finance enthusiasts might find investing in gold a worthy addition to their portfolio, given its historical role as a crisis protection tool. Whether you're interested in the digital approach of Gold-ETCs or the traditional route of physical gold, it's crucial to research the available options carefully, considering factors such as spot premiums, storage, and dealer reputation.

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