Russians were given 6 ways to make money on gold
Gold prices have risen sharply amid the Fed's interest rate cut.
Financial experts do not rule out that the price of the precious metal may subsequently reach $3,000 per ounce.
The RBC agency shared with Russians ideas on how to make money on gold during periods of rising prices.
It is noted that the first such way of earning is the purchase of securities, which are also attractive due to their dividends. For example, you can buy shares of gold mining companies Polyus, Yuzhuralzoloto and Seligdar.
The second method is suitable for those who like long-term savings. Such investors were advised to invest in exchange-traded mutual investment funds (PIF) for gold.
Investment gold coins have shown a 24% increase in yield since the beginning of 2024.
Those interested in short-term trades and speculation on the precious metal were advised to turn to gold futures.
One of the most profitable investment methods is the GLDRUB_TOM instrument, which allows the investor to pay rubles and receive so-called “paper” gold, which is tied to the cost of gold and the dynamics of the ruble.
The last method indicated by experts is an impersonal metal account (IMA), the cost and profitability of which is tied to the exchange rate dynamics.
