Are you interested in investing, but looking to avoid the stock market? Trading in the market can be tricky, and it requires a lot of research. It seems like every time someone important speaks, the market changes.
The good news is there are other things to invest in besides the stock market. For example, many people have done well in the gold exchange. This is the market where investors trade gold.
Some investors feel more comfortable trading in this market because the asset (what's being traded) is more predictable and tangible (you can reach out and touch it).
If this sounds like something that might interest you, then read on! We'll fill you in on the basics of trading in the Canadian gold exchange, and how it can work for you!
Canada By The Numbers
When it comes to investing, you always want to "set the stage." Before we get into the nitty-gritty of how to invest in the Canadian gold exchange, we need to look at the market of Canada as a whole.
Canada is ranked as the tenth-largest economy in the world. The country boasts a job base made of many industries, but the primary industry is the service industry. According to economic data, the service industry makes up 75% of the Canadian workforce.
Logging, oil, video entertainment, commercial, and shipping are also major contributing industries to the Canadian economy.
Why The Canadian Gold Exchange?
So, why focus your gold investment on the Canadian exchange? Well, that's a great question.
Canadians love to invest in precious metal bullion. In fact, some of the best precious metal products (coins, the Canadian Maple Leafe, gold and silver bars, etc.) are minted in Canada by The Royal Canadian Mint.
The Canadian exchange also attracts international attention. This is because the tax rate on the Canadian exchange is much more favorable to investors.
Where To Trade Gold
People also choose the Canadian gold exchange because there is no shortage of places to trade gold in Canada.
Canada hosts some of the most notable coin shows in the world when it comes to precious metal bullion. Two of the largest shows are the Toronto Coin Expo and the CAND Annual Show. Thousands of patrons visit these coin shows every year, and both venues are attended by several international dealers every year.
If you are investing in the Canadian gold exchange from outside the country, then you may want to search for an online broker. When searching, make sure you find a broker platform that has great customer service and stays as current as possible with today's gold prices.
Stay Golden
There you have it! A brief rundown of the Canadian gold exchange, and what it can offer you as an investor. If the stock market seems like a little too much, then this may be the answer for you.
Gold has been around for centuries. And, as far as asset classes go, it doesn't get more stable than something you can see and touch.
What do you think? Is gold bullion for you? Let us know in the comments below. We always love to hear your feedback!