A Guide To Buying Physical Precious Metals

precious metals

There are many forms of investment, and some are riskier than others, which means the private investor must do some serious research before making any investment. This article delves into the mysterious world of precious metals to give you an insight into gold and silver trading.

precious metals

Connect With A Reputable Gold Bullion Dealer

The best place to acquire precious metals is at an established gold bullion dealer, who would deal with other precious metals, such as silver, platinum, titanium, and palladium. When you are ready to make a purchase, arrange an appointment at the bullion dealer’s offices, where you can pay in your choice of currency and take possession of the asset.

Why Always Take Physical Possession When Buying Precious Metals

You could trade using ETFs, which are basically documents that show your assets, but unless you happen to be a pro trader, take physical possession of any precious metal that you purchase. Once you know the latest gold price in Brisbane or in your location, you can make an informed decision and hopefully buy when the price is low. Nothing is safer than having an asset in your hands. The majority of private investors store their gold and silver in safety deposit boxes, or in a concealed safe at home.

Storing Precious Metals

When you take physical possession of gold or silver, there is the question of safe storage. Some people rent a safety deposit box at their local bank, while others install a concealed safe in their homes. Either option is about as safe as it gets; never store precious metals under your bed or leave them its inaccessible locations, for obvious reasons. Gold bars should never make contact with each other; each ingot should have its own pouch or hard container to protect the metal.

Understanding The Spot Price

The spot price is set several times per day and at any given time, you can go online and check the live spot price for gold, silver, or platinum. There are many variables that can impact the spot price, such as supply/demand, the economy, and a few others.

Gold Bars Or Coins

When looking to invest in gold, you basically have two choices: gold bars or gold coins. The former comes in many sizes, from 1/2 ounce to a full 1kg bar of refined gold, while there are several gold coins that weigh 1 Troy ounce, including the Australian Kangaroo, American Eagle, American Buffalo, and Canadian Maple Leaf. These coins are 99.99% pure and can easily be liquidated for cash from any gold bullion dealer; indeed, many private investors collect gold coins, rather than gold ingots or bars.

Online Solutions

If you are wondering how to contact a reputable gold bullion dealer, fear not, as you can use a search engine like Google, which will take you to the website of a registered bullion dealer. If you register with them, you can buy or sell gold or silver at any time using their secure online connection.

Diversify Your Investment Portfolio

Diversity is always recommended when it comes to making investments; we’ve all heard the saying, ‘don’t keep all your eggs in one basket’ and it certainly applies to investing. A portion of your wealth could be in stocks and shares, while real estate is another popular option, plus you should have some gold in your portfolio.

Gold has long been a hedge against inflation, which is rising at the moment, and this leads to an increase in value, due to the greater demand. Make sure that you are well-informed prior to investing in precious metals and we hope that your portfolio grows.


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