Gold Investment

[Nate]

Hi Guys,

Quick and short question. 

I want to purchase gold and hold it for the long term and not look at it for some time, maybe even years. Is doing this in spot trading possible? I just want to be able to purchase it and hold it in my account like you would physically but on IG and online as its safer of course than storing gold in your home like Smaug. 

 

Bests.

[AshishIG]

Hi @Nate, 

Unfortunately, purchasing Gold on IG isn't available, even if it's digital gold that you can buy, hold, and later sell for updated rates. However, with IG, you can trade Gold on our CFD and Spreadbet platforms using Leverage/Margin and capitalize on price differences. You have the option for spot trading or trading futures, holding positions as long as you have sufficient funds to cover your Margin. It's important to note that with spot trading, you'll incur daily interest fees for the leverage used, whereas futures trading doesn't involve additional interest fees as they are covered within our spread. 

I agree that storing gold like Smaug isn't always ideal. You have to constantly worry about Dwarves, Elves, or even Hobbits! Jokes aside, you can research how to trade commodities on our platform with leverage and decide what suits you best.

All the best,
AshishIG