Investing in gold has traditionally been done as a hedge or safe haven during time of economic, social or political uncertainty. There are many ways to invest in gold. You could buy bullion gold bars, gold coins, or invest in GETFs, gold forwards, futures and options, and even in mining companies. Because the price of gold keeps changing due to supply and demand, you will need to consult a gold price chart to help you keep up to date on the price changes. If you are trading stocks regularly, then you could look at mining companies for your stock picks. They will help to balance your portfolio and are a good way to hedge against an economic downturn.
If you have a broker who has given you a stock tip on a gold mining company, you could use a gold price chart to determine if the price of gold will go on in an upward direction. To do this, you would need to understand how to perform chart analysis and read stock charts, and you would need to use technical analysis to try and pinpoint where a reversal may occur. This is important, because if the price of gold is going to fall, then the mining companies will see a reduction in their profits, which could see their share price fall. In this case, you would be wise not to consider this stock pick from your broker.
In the case that you are looking to invest in bullion gold bars, a gold price chart will help you in determining whether you are getting the most current price. Gold bullion can be difficult to move around and comes with additional costs for storage. A good alternative would be gold coins. The more popular is the American gold eagle; its price varies on a daily basis depending on the spot price of gold. You should research the market and understand the risk of buying and holding physical gold.
A popular way for trading in gold without actually physically holding it is by opening an un-allocated gold account. This will allow you to buy and sell gold on a regular basis, the same as you would buy foreign currencies. If you have a broker who specializes in gold investments, they will provide you with a gold price chart and show you in which direction they forecast the price to move. With this information, you can continuously buy and sell through your gold account.