For centuries, precious metal has been a safe haven for storing and growing wealth. Today, physical gold bars are the best way to reflect these qualities. You can buy gold from private traders, online merchants, jewelry stores, coin stores, private mints, vending machines and government mints. It is important to buy from a reputable source to ensure you are getting what you pay for.
When it comes to investing in gold, it is not for everyone. Some investors prefer to invest in cash-flowing businesses instead of relying on someone else to pay more for the shiny metal. Investors must weigh each option to determine the best method for their circumstances and risk profile. Gold price ETFs and gold streaming and royalty companies are ideal options for beginner gold investors who don't want the hassle of owning physical gold or dealing with the margin requirements and fast pace of the futures market.
Gold is mainly used for jewelry production and investment demand. When buying gold or silver, your goal should be to create a store of value for your wealth and own your own internal inflation hedge. Sovereign coins are the way to go if you want to be able to acquire and liquidate your gold or silver holdings quickly. Another way to take advantage of rising gold prices is to own the mining companies that produce it.
It is best to avoid buying gold online through bidding sites as you may end up in a bidding war and pay more than it is worth. Gold has attributes that make it a good counterpoint to traditional securities such as stocks and bonds. BGASC is a major player in this industry, especially as a dealer of gold coins. APMEX also has a wide selection of platinum, palladium and copper products in addition to a wide range of gold and silver bullion and coin products.
The best buying opportunities come when the market has been dead in the water for some time; an indisputable lesson that the past teaches us is that gold and silver never go out of style forever. When buying gold coins, you don't want to waste money on counterfeits or less pure gold than you are led to believe. APMEX will send your gold to Citadel Global Depository Services, one of the largest private storage facilities in the world, for an annual fee if you want it stored. As part of a diversified portfolio, it is recommended to limit the percentage of gold in your portfolio to 5% to 10% of the total account value.
