Charles Schwab is one of the largest investment brokers that provides various ways for investors to invest in gold. With Schwab, investors can invest in physical gold coins and bars, gold ETFs, gold mutual funds, gold futures, and gold mining stocks. There are multiple options to get exposure to gold investments on the Schwab platform both online and in Schwab branches. Investors need to consider factors like risk tolerance, investment timeframe, and costs when deciding which gold investment options at Schwab suit them best.
Buy physical gold coins and bars at Schwab brokerage
One way to invest in gold at Schwab is to purchase physical coins or bars. Investors can buy gold coins like Gold Eagles, Gold Buffalos, Gold Maples, etc. The minimum purchase amount is $1,000. Schwab also allows clients to store the purchased coins for safekeeping or take delivery.
Invest in gold ETFs on Schwab One platform
Exchange traded funds (ETFs) that track the price of gold are another popular way to invest in gold. On the Schwab platform, investors can choose from various gold ETFs like IAU, SGOL, BAR, and more. Gold ETFs provide exposure to gold prices in a liquid, low-cost vehicle that can be traded intraday on the stock market.
Buy shares of gold mining companies stocks
For investors wanting leveraged upside to gold prices, buying stocks of gold mining companies is an option. On its platforms, Charles Schwab provides access to various gold miners like Barrick Gold, Newmont, Kirkland Lake Gold, etc. Investors get exposure to gold prices and can benefit if miners outperform.
Trade gold futures contracts on Schwab platform
Schwab also allows experienced futures traders to invest in COMEX gold futures contracts. This gives leveraged exposure to gold prices. Investors can trade the futures intraday and use stop losses also. But trading futures has risks like margin calls.
Charles Schwab provides investors various options like physical gold, gold ETFs, gold stocks, and futures to invest in gold on its brokerage platforms and branch offices. Investors can choose the gold investment avenues aligning with their risk appetite and investment timeframe.