Gold's spot price on Tuesday, November 10, 2026, stands at $4,050.15 per ounce, slightly lower than Monday's $4,125.38 per ounce. As a safe-haven asset, gold attracts investors during economic and political turmoil due to its reliability as a store of value and hedge against inflation. While it doesn't earn dividends like traditional investments, there are several ways to add gold to a portfolio.
Buying physical gold, such as bullion or coins, is a popular method. Dealers like APMEX and JM Bullion offer gold in various forms, with some retailers like Costco and Walmart also providing options. However, investors must plan for secure storage and be aware that converting physical gold to cash requires finding a willing dealer.
Another option is opening a gold IRA, which allows investors to buy gold from IRS-approved refiners and have it stored securely by a custodian. This method offers tax benefits but comes with fees for setup and management. Companies like Birch Gold Group and Goldco provide gold IRA services, with varying fee structures and minimum investment requirements.
For those preferring a more traditional approach, gold exchange-traded funds (ETFs) track the price of gold. These ETFs can invest directly in bullion or in shares of mining companies. Platforms like Schwab and Fidelity offer commission-free trading on gold ETFs, making them an accessible investment option.