Why you should buy gold

You don’t have to turn your wardrobe into an impregnable Fort Knox if you want to buy gold. Buy a good safe or better yet, get a safety deposit box from your local bank. There are two ways you can buy gold: You can find a physical dealer to or buy gold online from hundreds of websites. If you choose the latter, remember that in addition to insurance, you may be on the hook for shipping costs to ensure the safe transportation of your bars.

• Gold bars are a popular choice of gold asset for people looking to invest. Bullion is sold by the gram and purity, weight and manufacturer. The information should be stamped on the surface of the bar.

• Gold Coins like the Kruggerrand, gold American Eagle, Australian Kangaroos or Canadian Maple Leaf coins, are popular that can be bought and sold anywhere across the globe. You can expect to pay a high premium for coins than bars mostly because of the amount of work that goes into producing them. 

• Gold coins are made with lower grade gold compared to gold bars. For instance, an ounce of the American Eagle coin could be made of 91.67% pure gold. The rest of the coin will be made with silver or copper. 

• You can buy gold bullion bars or coins through bullion dealers, gold dealer’s some pawnbrokers if you trust them. If you decide to buy gold online, make sure to go through a reputable dealer with a physical shop. Choosing a reputable dealer will help you avoid problems In the future with your fold investment.

Buying gold bullion can be gratifying however, you should have all the fact about the gold bullion product itself, the gold market and the dealers that buy and sell precious metals all day every day. Educate yourself about the risks attached and the rewards. Take some time to understand the trends. It’s in your best interest to know what drives the spot price of gold so you can have an entry and an exit position.  

There are lots of benefits that have been touted throughout the tear:

Gold remains a great hedge against inflation. When your dollar doesn’t go as far as it should then you might want to resort to other wealth hedges. Gold remains a good hedge and can be bought to safeguard your wealth against the effects of inflation, deflation, wars, pandemic and stock market crashes. Gold coins are highly liquid asset to own. 

For many people, buying gold might be the best decision they will ever make. It’s accessible than ever before and is a solid long term investment. But before you invest your hard-earned money, it’s wise to do your research and find out whether this is a great investment. 

The gold content of a coin, bar has a huge impact on its value as an investment asset. Make sure any gold you buy as an investment has a level of purity that will help it stand the test of time. That said, you should probably only buy gold with a purity of 95-99.99%.