How can we invest gold in Lebanon?

In light of the economic crisis and the devaluation of the Lebanese pound, gold has become one of the most important ways to preserve money. But the question is: How can the average citizen invest in gold?

First of all, why gold?

• It is known for preserving value and providing a safe shelter, especially at the time of inflation.

• It is not affected much by the policies of the state or the status of banks.

• You can sell and buy it quickly when needed.

What are the ways to invest gold?

1- Jewelry

The easiest thing in the world, but it has "workmanship" means you pay more, and if you want to sell quickly, you can lose.

It is more useful if you like Dahab gathering for the long term and with aesthetic value.

• Lira and Spike: You buy them from goldsmiths. Hoodie is more suitable for investment because the price is linked to global gold almost at no additional cost.

• Storage at home or in a safe: Most people in Lebanon prefer to store at home, but they want to be aware of theft and do a security account.

2- Other options (less prevalent in Lebanon)

• Gold-linked funds or accounts (abroad): such as Gold ETFs, but not easily available on us.

• Online trading: Through global platforms, you need experience and follow-up, and there is a high risk.

Practical steps to invest in gold

• Set the goal: Do you want gold to protect yourself from the collapse of the lira? Or to trade it?

• Yes, it is small: you can buy a half a pound or a gold pound if your capital is limited.

• Buy from a guaranteed source: always from well-known jeweler and with a clear invoice.

• Follow the global price: Gold is priced in dollars globally, and it differs from us according to the exchange rate.

• Store safely: Use a safe or a safe place.

Risks of investing gold

• The price of gold is not always high, in times of decline.

• Storage at home, even if it is dangerous.

• times if you have to sell quickly you lose a little bit of the price.

Conclusion

For the average citizen in Lebanon, the clearest and simplest way: You buy Spike or Dahab liras from a guaranteed Sayegh and store them safely.

Online trading or investing through global platforms is suitable for those with more experience and capital.