Most Common Ways of Buying Gold

Gold investing can be a great way to diversify your portfolio and help guarantee your financial future. Gold performs well in downward trending markets, which means it can help keep your investments afloat. Additionally, physically owning such a valuable entity is a comfort to people with fears about our economic and political future. If you’re new to the world of gold investment, you might be wondering about how to start. Buying gold can take many different forms, and here are the most popular.

Gold Coins

Gold coins are a great way to get started investing in gold. When considering your options, it’s important to know that investment grade coins often have the added benefit of being government-minted. The United States mints the American Eagle Gold Bullion Coin, which has become one of the world’s foremost investment coins. Another popular coin is the Canadian Gold Maple Leaf, which is the official bullion gold coin of Canada. Bullion coins may be a good bet because their value is based solely on purity and weight, plus minor manufacturing costs. Another benefit of going for bullion is that its value is simply the current market price for gold, which makes it easy to avoid being overcharged when you buy gold coins. Government issued coins are also particularly attractive to investors since their quality is guaranteed. Gold coins may be great for beginning investors due to their small size, versatility, and transportability.

gold bars

Gold Bars

Gold bars are another common way to buy gold. While bars come in a variety of sizes, they do tend to be larger than coins, which makes them a more efficient way to buy large quantities of gold. Because of this, bars are generally a better idea for more advanced gold investors who have a proper storage facility for large quantities of this most precious of metals. As with gold coins, the best gold bars are bullion, meaning their quality is determined based on quality and weight alone. The downside of gold bars is that they’re more cumbersome to store, and are much more difficult to liquidate once you’re ready to convert or sell them. Also, they’re not generally minted by governments like gold coins often are, meaning that, for the novice investor at least, it can be harder to be sure of a bar’s quality.

If you’d like to buy gold coins or bars, or simply would like more information, consider contacting a precious metals broker who can help you navigate the process. A precious metals broker, such as, can help you decide what type of gold investment is best for you, and walk you through the risks and rewards of all your different options. They can also help determine the best time to buy and how to get the most out of your investment. Be sure to do your own research online, too, so that you can stay informed and avoid scams. Whatever form your gold comes in, happy hunting!