The ten are:
- Gold bars, whose premiums are lower as they get larger;
- Gold sovereigns which count as legal tender in the U.K., making them the tax-free option for U.K. subjects;
- Kruggerands (or other bullion coins like Maple Leafs);
- ETFs like the SPDR Gold Shares Trust (GLD);
- Unit trusts and/or investments trusts, of which the Sprott Physical Trust (PHYS) and the Central Fund of Canada (gold and silver) are North American examples;
- Gold accounts, providing a claim on stored gold which may be allocated (segregated) or unallocated (pooled);
- Shares in gold miners;
- Jewelry, which does carry a hefty premium but might keep up with inflation (if, say, bought and later sold on eBay);
- Gold certificates issued by a bank, making for a claim on usually unallocated gold;
- Structured bank products, whose returns are influenced by the performance of a commodity, commodity basket or asset class; there are ones that are tied to gold.
Evidently, gold investing has come a long way from the plain old days when investing in gold meant buying Krugerrands or old sovereigns.