How to Buy Gold Bullion

Gold is a valuable investment because you can be sure that it will grow in the years to come and give you a high return value. It is a form of investment that has been carried out over the years. Currently value of gold is on the rise and in the years to come the rise will be phenomenal. At one time, you could buy only on the form of large 400 ounce gold coins. Now you can buy gold bullion in the form of solid coins and bars.

Purity of gold can be 22 Karats or it can be 24 Karats. However when you buy, the value of the bullion bar is not based on this factor, as it is based on the amount of gold in the bar.

Gold bullion cost depends on factors such as market value, premium and fabrication cost. You can bring down the premium cost, if you buy larger quantities of gold bullion. The cost of one gold bar is 10 troy ounces. Today’s volatile economic conditions demand that we make an investment in to something that is stable and secure. Gold Bullion is the best option here.

Steps

Decide on Purchase Amount. Decide how much of gold you actually want to buy. Check the current market rates for gold. This will give you estimation on how much you have to spend for buying gold.

Get Cash Resources Ready. Set aside cash for buying gold. Gold is purchased through cash and not on credit Arrangements must be made to have necessary cash for purchase.

Buy Larger Quantities. You can find option to buy 1 gram gold or two grams gold, but this is not really an amount worth investing. Always opt for buying large size gold bullion bars as they offer higher value for money spent and also because you pay a lesser margin for them.

Check out Reputable Dealer. There are many dealers who will offer gold bullion, but you must go to a reputable dealer so that the money you invest is spent in buying genuine gold bullion. Dealer reputation can be checked through the number of years they have been trading and their record in dealing. Check for dealer certification before buying. Though many online sites offer gold bullion purchase, it can be unsafe to do this as you are not sure whom you are dealing with.

Get Certificate. If you are planning to sell the gold you buy at a later date, ask for a certificate. A certificate purchase ensures that the gold you buy is indeed genuine.

Secure Gold Storage. Make arrangements for safe storage of the bullion bar. Since gold bullion is highly value, you must have a safety deposit locker where you can place it.

Tip – It is better to buy gold bullion in the form of one ounce gold coins. Not only are they popular amongst gold investors, they are easier to buy as well as sell.

Source by Bruce Sands

How to Buy Gold Bullion