How to invest in gold in Ireland
by Admin
Posted on 16-09-2022 08:25 AM
When most people hear the term “
gold
bullion”, it immediately conjures up images of bank vaults stacked to the ceiling with chunky gold bars.
In reality, gold bullion refers to gold that is at least 99. 5% pure and has been transformed into bars and ingots, or minted into coins. Bullion is the form in which gold is traded on commodities markets around the world. If you want to gain exposure to gold, there are a few ways to go about it. In ireland, you can physically buy and store gold, you can invest in gold prices and companies via the stock market, or trade gold on the financial markets as contracts for difference (cfds).
What are the precious metals? the precious metals are group of metals that are all listed on the periodic table. The 2 most common precious metals that we are most familar with are gold and silver, primarily due to there use as coinage, currency, investment and availability. Depending on opinion, there is 5 other metals, rutherium, palladium, osmium, iridium and paltinum. These metals are all considered part of the paltinum familt with platinum been the most traded of them. What is gold bullion ireland gold bullion ireland are precious metal dealers and are based in dublin in ireland. Our core activity is in the selling and buying of gold bullion and silver bullion in ireland.
Seamus fahy is head of trading for merrion gold in ireland, scottish bullion and newcastle bullion in the uk. Having been a long-term personal investor in precious metals and coming from the business background of running a vault facility, seamus was involved in the starting-up of merrion gold in 2013. Since then the company has grown to include trading desks in scotland and mainland uk. With a keen eye and interest in world economics and politics, seamus and the team at merrion gold have rapidly built up a reputation for straight-talking, transparent dealings and educating investors in what is best for them when purchasing or investing in precious metals.
People will be able to give the gift of the gold as irish-branded gold bars go on general sale for the first time following an agreement between one of the country’s oldest institutions and a bullion dealership in the capital. The dublin assay office — overseen by the company of goldsmiths of dublin — was established 384 years ago and assays and hallmarks articles of precious metals sold in ireland. The dublin assay office gold bullion bars being made available are 999. 9 parts per thousand fine gold and are the only irish-branded gold bars available on the market.
Choosing a type of gold asset to buy
Beginner’s guide for buying gold coins one of the benefits of buying and investing in gold coins is that they do not circulate. This means that they are much safer than other forms of money. Unlike other types of coins, which lose their value over time, gold coins do not circulate. These assets are safe […]
february 13, 2022.
Investing in gold on the stock market
The ongoing performance of gold as an investment puts it in an appreciating low-risk asset category, according to mr doolin. “a lot of younger retail investors have entered the market this year, generally deciding between investing in either gold or cryptocurrencies,” he added. “however, it must be understood that they are completely different financial tools. “gold should be viewed as a store of wealth with little risk, with changes in value this year ranging between 6-10 per cent. “bitcoin has had huge swings in value – going from 92 per cent up at one stage this year, to retreating to 42 per cent down on the highs, classifying it as a high-risk asset.
Precious metals are often viewed by investors as a “safe-haven” investment. By including precious metals in your investment portfolio, you increase diversification. This can help reduce losses when other asset classes, like stocks, property and currencies, fall in value. For example, between october 9, 2007, and march 9, 2009, the s&p 500 - often used to represent the us equity market - fell 56. 8%. Over the same period, gold increased by 25. 5%. Holding a diversified portfolio is an excellent way to both grow and preserve your wealth.