GOLD VS UNALLOCATED METAL ACCOUNT (UMA). WHY IS IT PROFITABLE TO INVEST IN GOLD?
We've already told you that gold is a profitable investment. But did you know that there are several ways to invest your money in gold?
- Buying gold bars is the easiest and most profitable option.
- Investing in shares of gold mining companies. It is also possible, but it is more complicated and requires constant monitoring.
- Using an unallocated metal account (UMA) is an investment not in the metal itself, but in its stock in a particular bank. Meaning, you get an account where the equivalent of the money you invested is kept in relation to the amount of gold. You don't physically receive ingots, and your gold remains virtual.
Previously, we have compared the prospect of investing in gold to investing in bonds or buying cryptocurrency. But how can we compare two investment options that make equal sense: gold and UMA? Let's try to figure it out...