Top 3 Simple Gold Investment Strategies for November

The popularity surrounding gold investing surged in 2023, hitting an 11-year high in September. And the price of the metal has continued to skyrocket so far in 2024, growing by nearly 30% since January with no clear end point in sight. Gold was priced at $2,063.73 at the start of the year but is now closing in on $2,800 for that same amount, with some experts predicting a $3,000 price point in the months to come.

Against this backdrop, then, those who have yet to invest in gold may be considering taking action now. And while there are some strategic ways to approach gold (and some important mistakes to avoid), getting invested in gold is relatively simple. This is particularly true now that new avenues to invest in the precious metal have recently been opened. Below, we’ll break down three easy ways to invest in gold this November.

Start exploring your best gold options online today.

3 easy ways to invest in gold this November

### Investing in Gold: Simplified Methods
Ready to dive into the realm of gold investments? Here are three uncomplicated ways to get started this November:

Open a gold IRA with a precious metals company

A gold IRA is a smart way to prepare for retirement and it’s never too early to open one. Instead of traditional stocks and bonds, this unique IRA type holds precious metals like gold, silver, and others. You can easily open one with a top gold IRA company online now or over the telephone today. Just be sure to avoid some specific red flags to ensure that the gold IRA company you work with is reputable and trustworthy.

Get started with a gold IRA here.

Buy gold bars from Costco or Walmart

When Costco started selling gold bars in 2023, they quickly sold out. They restocked, but the gold bars have quickly been selling out this year, too, underlining the strong demand for the precious metal. Considering the convenience and accessibility, adding a gold bar or two to your investment portfolio this November from either Costco or Walmart can be a strategic move. You can purchase gold online from their websites, making the process hassle-free.

Open gold stocks with a financial advisor

Gold stocks, which essentially act as shares of gold mining companies, require a more advanced knowledge of the precious metal industry. Collaborating with an experienced financial advisor can help you establish a suitable investing strategy. They can also connect you with a reliable partner for investment, such as a precious metals company. Keep in mind that gold stocks are influenced by various factors beyond the current price, such as supply, demand, production costs, and company performance. Seeking professional guidance is crucial when venturing into this specific type of investment. 

The bottom line

If you’re considering ways to invest in gold this November, the options mentioned above can serve as a starting point. Remember that it’s advisable to limit gold investments to around 10% of your overall investment portfolio to maintain diversification. By following a structured approach and exploring one of the suggested methods, you can easily incorporate gold investments into your financial plan this November.

Learn more about your gold options here.