Where to Buy Gold Bars
Gold bars are a great investment option and can help increase your portfolio diversification. Investing in gold bars is a great way to hedge against economic uncertainty and inflation. Furthermore, buying gold bars can be a relatively straightforward process.
In this article, we will go over the various places you can purchase gold bars and how best to go about it:
Benefits of Investing in Gold
Investing in gold has been a popular strategy for centuries, as it is a reliable way to both diversify and protect your financial portfolio. Gold is considered to be an asset that is always in demand, as it retains its value over time and can’t be diminished through inflation. For example, gold prices have been rising since early 2020 due to economic uncertainty, which makes now an especially advantageous time to consider purchasing gold bars. By examining the pros and cons of investing in gold bars and learning more about the different types available, informed buyers can make informed decisions more easily.
Advantages of Investing in Gold Bars
- Low Liquidity Risk: Unlike stocks or other financial instruments that are subject to extreme fluctuations based on global markets or interest rates, gold is not easily affected by changes in the economy. This helps reduce liquidity risk and makes investing in gold a safe choice for preserving wealth even through global crisis.
- Financial Security: Investing in physical assets such as gold can help increase your financial security by providing a reliable form of asset protection – an important factor when dealing with an unpredictable economic climate. Gold bars also store nearly twice their weight under normal conditions, making them more able to retain their value than coins or jewelry.
- Safety Investment: Gold also serves as a “safe haven” asset which typically outperforms other investments during times of market volatility or economic uncertainty. When purchasing physical assets such as gold bars you have control over how much you invest and when to buy or sell, giving you greater flexibility than stock exchanges or online options.
Types of Gold Bars
Gold bars have become increasingly popular as a form of investment and are available in a variety of weights and sizes. Gold bars come in many different types, such as cast bars, minted bars, and gold coins. In addition, gold bars can be purchased in different purities, ranging from 24K all the way down to 1K.
In this article, we’ll explore the different types of gold bars available so that you can make an informed decision on where to purchase your gold:
Gold Bullion Bars
Gold bullion bars come in a wide variety of weights, shapes, and sizes. The most popular gold bars are the 1 oz gold bar, 10 oz gold bar and kilo gold bar (32.15 ounces). These types of bullion bars contain at least .999 fine gold purity and some may even have special features like mint-sealed Assay cards to verify their weight, purity, and origin. Gold bullion bars are one of the most convenient ways to own physical gold while avoiding the premiums associated with coins. Bars tend to be a popular choice for both experienced investors as well as those just getting started with precious metals investing due to their relatively low cost compared to coins or rounds.
Additionally, there is an assortment of smaller units available including gram-sized bars that range from 1 gram up to 999 grams which make them ideal for investors who enjoy adding small amounts onto their portfolio on a regular basis or trading frequently with other investors looking for fractional sizes more typical of coins like the 1/10oz Gold American Eagles or Gold Pandas. Other popular fractional sizes include half-ounce (1/2oz) such as Valcambi’s Suisse Pamp Palladio Series and quarter-ounce (1/4oz) such as Sunshine Minting’s 1/4oz gold round.
Gold coins are a popular way to invest in gold as they offer both portability and liquidity. Gold coins carry government-backed guarantees of purity and weight, making them acceptable for IRA and other retirement accounts. Popular gold coins available in the United States include American Eagles, Canadian Maple Leafs and Chinese Panda coins. Many investors purchase these coins specifically for their gold content, not necessarily because of historic or numismatic value.
Gold bars are available in various sizes, ranging from 1 gram to 400 ounces. Gold bars can be kept in secure storage or held by an IRA custodian. Some of the most popular sizes for gold bars include 1 ounce, 10 ounce and 100 ounce sizes.
Where to Buy Gold Bars
Buying gold bars can be a great way to invest and store your wealth. You can purchase gold bars from different vendors, depending on what kind of gold bars you are looking for. There are a variety of sizes, shapes, weights, and purities of gold bars that are available for sale.
Let’s explore the various ways that you can buy gold bars:
Buying gold bars online is a convenient way to add precious metals to your portfolio without having to leave your home. When you buy gold bars online, it is important to ensure that you are purchasing from a reputable dealer. As with any type of investment, you should research the company and carefully read the information on its website before making a purchase.
When buying gold bars online, consider both the cost of the bar itself and any fees associated with delivery, insurance or storage. Fees may vary depending on weight, estimated value of the purchase or other factors. Prices also can be affected by economic conditions or market fluctuations in precious metal prices, so it is important to make sure you check current pricing before you buy.
When it comes to buying gold bars online, there are several well-known and respected companies that are authorized resellers for some of the world’s most prestigious manufactures. Some of these companies specialize in coins and bullions while others offer more generalized products such as jewelry pieces and collectibles. Examples include:
- ApmexⓇ (www.apmex.com)
- JM Bullion (www.JMBullion.com)
- Provident Metals (www.providentmetals.com)
- APMEX Gold Bullion (www.apmexgoldbullion.com)
Investing in precious metals can diversify your portfolio and offer potential for long-term growth opportunities – so be sure to find an established dealer when making your purchase!
Those who choose to purchase gold bars have numerous options for where to buy them. While online retailers are becoming increasingly popular for purchasing and investing in gold, local retailers should not be overlooked. Many brick-and-mortar stores still sell gold bars, some at competitive prices, and even include safe storage options for buyers within certain locations.
When shopping for gold bars locally you may have access to different sizes and weights as well as particular shapes, designs or features that may not be available at an online retailer. Purchasing bullion from a local retailer also allows investors the opportunity to inspect the product in person prior to purchasing it; this enables buyers to evaluate the condition of the bar. Furthermore, in most cases cash transactions are accepted with no delays or waiting times while a payment is being processed or verified like they would with an online dealer.
Local retailers often carry gold coins and other precious metal investments such as silver bars and platinum pieces. These locations can provide an additional financial service by offering appraisal of a buyer’s precious metals investments if they decide to sell any items back at a later time. It’s important, however, that you properly research areas you intend to purchase from before committing anything in order to avoid any potential fraudulent activity or practices.
Online Auction Sites
Online auction sites can be a great way to purchase gold bars at lower prices. Many buyers prefer to shop in this manner due to the ease of comparison shopping between multiple retailers and the large selection of gold bar types, sizes and styles. There are even sites devoted specifically to purchasing gold coins with other metals thrown in as well.
When shopping online, it’s important to remember that only certain types of gold are acceptable for purchase by auction sites because these must comply with IRS and federal regulations. Make sure to check the seller’s credentials before buying, apply due diligence when shopping, and read all terms of agreement before committing.
Depending on your budget or investment strategy, investors typically have several different options when it comes to buying gold bars online. These include:
- private auctions (which tend to offer the best prices),
- auctions at cryptocurrency exchanges (which may require registration for membership), or
- through government-approved exchanges such as eBay or Amazon (which generally have higher markups).
Be aware that some international locations may not accept certain forms or types of payment for your purchase so always look into any restrictions prior to bidding or making an offer online.
Tips for Buying Gold Bars
If you’re looking for a safe and secure way to invest your money, buying gold bars is an excellent option. Gold has a long history of being a reliable store of value, making it a smart investment for both short- and long-term strategies.
In this guide, we’ll discuss the advantages and tips for buying gold bars to help you maximize your investments.
Consider the Reputation of the Seller
Before buying, it is important to assess the service and reputation of the gold dealer. This step will help ensure that you are getting a genuine product and that your transaction is protected.
After finding a dealer, assess the dealer via online reviews, Better Business Bureau rating, or other customer interaction e.g. in-store visit or telephone conversation. Additionally, it’s important to research the dealer’s history with other customers and learn if they are reliable and trustworthy when it comes to sales, pricing and customer service.
Some questions you might ask yourself include:
- Does this seller have years of experience?
- Is there any feedback from previous buyers?
- Are the prices competitive compared to other vendors?
- Will the seller be available for future support?
Research the Gold Bar’s Specifications
Researching the gold bar’s specifications is essential before buying. This includes researching officially recognized gold bars, as well as understanding important facts such as the weight, purity, and type of gold bar you want to purchase.
It is important to know an official, recognized gold bar by looking for a seal or design on the bar indicating a certain weight and fineness (purity). Common seals are “Good Delivery,” “London Good Delivery,” or even “Gold Council.” It is also advisable to buy from a reputable dealer with ample knowledge and experience with handling gold bars.
Other key pieces of information a buyer should always research and consider when buying include:
- The type of gold bar they want to buy (cast bars or minted ingots)
- The total cost indicated on the invoice including all taxes, delivery costs, etc.
- The additional costs associated with storing your investment such as insurance costs and storage fees.
- Identifying any possible conflicts of interest between you and the seller
Understanding these guidelines can help ensure that buyers get the most value from their investments in gold bars.
Ensure the Gold Bar is Authentic
Ensuring the authenticity of a gold bar should be one of the top priorities when buying gold bars, especially if purchasing online. It is recommended to purchase gold bars that have been certified by a well-known and respected organization such as the London Bullion Market Association (LBMA), which evaluates a variety of factors to verify the authenticity of gold bars.
It is also recommended to buy bars from reputable sources and to look out for counterfeit gold bars that may have been made with non-gold metals, such as lead or copper, or non-metallic materials. Investors should use reputable assayers who can authenticate best quality gold bars and carefully inspect any bullion they buy.
It is important to buy gold bars from a trustworthy and respected dealer to ensure the highest quality item and the best price. Before you consider investing in gold bars, research the market to get an idea of current prices and do your best to educate yourself on all the options available. Also, be aware of any local sales taxes or import duties that may apply when buying gold as an investment.
Investing in precious metals is a significant decision, but with a reliable source and proper researching, it can provide great rewards.