Discover the Benefits of a Hartford Gold Investment
- The Hartford Gold and Silver (HGT) is a mutual fund that invests in precious metals, including gold and silver bullion and coins.
- The fund is managed by the Hartford Funds, which are owned by The Hartford Financial Services Group.
- The fund is open only to accredited investors and individual retirement accounts (IRAs).
- As of January, the fund had assets of $1.5 billion.
The Hartford Gold and Silver (HGT) is a mutual fund that invests in precious metals, including gold and silver bullion and coins. The fund is managed by the Hartford Funds, which are owned by The Hartford Financial Services Group. The fund is open only to accredited investors and individual retirement accounts (IRAs). As of January, the fund had assets of $1.5 billion.
What Is Hartford Gold?
A Hartford Gold investment is a collection of gold bullion bars. The investment's value is based on the market price of the gold bullion. As gold prices are volatile, your investment will also fluctuate based on current prices.
The advantages of investing in a Hartford Gold investment include:
Reduced investment risk. The price of gold is more stable than most investments.
Greater security. Hartford Gold investments are fully insured and kept in secure facilities.
Peace of mind. Your investment is certified by professionals.
Easy access. You can sell your investment at any time.
Understanding the Hartford Gold Investment
The Hartford Gold Investment is a certificate that gives you access to physical gold with a guaranteed minimum price of $1,250.
The certificate has a set maturity date. Once the maturity date arrives, your certificate will automatically convert into physical gold.
The benefits of investing in a certificate include the following:
Your investment is backed by physical gold
Your investment is fully insured
Your investment does not have a cash value
Your investment is FDIC-insured up to $250,000
Pros of Hartford Gold
* The gold investments are fully insured against the loss of your investment.
* The gold is backed by the full faith and credit of the U.S. government.
* The gold investments are valued daily at market prices.
Cons of Hartford Gold
Cons of Hartford Gold
Some investors may be apprehensive about investing in gold. Before investing in gold, you should understand what you're getting yourself into. Here are three reasons why gold investment is not for everyone:
Liquidity: Although gold is money, it is not as liquid as other investments like stocks and bonds. To cash in gold, you must sell it to another party.
Gold is a commodity: Gold is priced based on the global markets. This means that gold fluctuates based on the supply and demand.
Gold costs money: The cost of buying and selling gold adds up over time. However, there are ways to offset these costs.