Buying Gold

How to Buy Physical Gold

Are you interested in diversifying your investments by discovering how to purchase physical gold? Gold is one of the bestselling commodities in the market today. given the economic problems that are now being encountered in the world today. Gold has definitely withstood the test of economic ups and downs and have continued to be one of the best ways in which to assure your wealth for the future. The various world currencies are now experiencing dramatic highs and lows which can make it very discouraging to put your money in the bank. Having your money in a bank can mean that its value will depend on how your country’s economy is doing in the world market and that is quite an unpredictable thing. You may think that your account is worth much when it actually costs a little.

When you invest in physical gold however, your investment actually increases as time goes by without having to do much about it. You can just let your gold lay around for a while and next thing you know, you are a rich guy already. Gold increases its value over time due and one good thing about it is that it does not decay with the passage of time. Gold is one of the surest investments that one can make during one’s lifetime and he need not worry about the fluctuations in the market in order to protect his investment.

There are several ways in which you can invest in gold. You can either buy them as gold ETFs or shares or buy them physically which is often a more preferable way of owning gold. Buying actual or physical gold can be done in a variety of ways – through local or international gold dealers who also offer online purchases, through national or private mints or through jewelers and acquaintances.

You can buy gold items in varying prices depending on what particular type of gold product you are buying. They can either be bullion gold bars or coins, ingots, nuggets, coins, or jewelries. The prices of these items will depend upon the current market price of gold and the additional premium that the seller will charge you. The least premiums are often made on gold bullion bars hence it is considered to be the best type of product to buy when investing in gold. Aside from the lower premiums, which mean that you get to pay for less for the same weight of gold in other types of gold products, bars also afford the buyer with an easier way for storing and transporting your gold items.

The best places to buy these gold bars are from reputable mints such as those that are backed by their government like the US Mint. Aside from the guarantee that you get a genuine gold bar, they also sometimes offer lower charges than other sellers. When making a purchase you’ll want to careful analyze the spot price of gold for that day and compare it to the cost of the the commodity being offered. Watch out for high premiums many precious metal traders add to the final price which can drive up the cost and make them an unfair purchase for you.

[With the prices of gold now at a high, today might be the best time to purchase gold bars as the prices can be higher the next day. If you buy earlier, you will definitely be at an advantage. Buying gold personally at public or private mints is a good way of getting this precious investment. Buying online from an non-trusted source is not just risky, it also takes a lot of time and your order may be missed sometimes, or create security risks for you.

Buying Scrap Gold

Have you considered purchasing scrap gold as a way to diversify your investing activities? If you think that scrap gold has no value at all, you will be mistaken. Gold will always have its value even when it has been deformed, broken, or is attached to dental pieces. Hence, buying them would also mean profits for you if you know how to make it work. Gold scraps come in a variety of forms from gold teeth to old gold coins and jewelries such as rings and earrings. The value of gold does not diminish or depreciate with the passage of time, as other personal properties do, but remains or increases depending on the market or spot price of gold at any given moment. This can be attributed to the difficulty of acquiring this material – mining them from the depths of the earth – and to the limited amount in which it can be found. Gold is not acquired easily nor can it be manufactured by men which is why it is one of the most highly valued metals in the world today.

Most people will usually neglect an object once it ceases to bring out the luster and shine in which it was originally found to be in. Not a lot of people know that when it comes to gold, the value of the gold does not diminish making it one of the best investments that you can have especially if you are thinking or long-term investments. One can definitely earn more profit from gold if you just let it lie until about fifty years after. But, taking this kind of thinking which is prevalent in people nowadays, it will be a wise move on your part if you offer to buy their scrap gold at the current gold price.

Gold scrap buyers can often find old dental scrap at estate auctions, garage sales or even on eBay. Selling these dental bridges, crowns, teeth and other dental apparatus’s can fetch a great price at the spot price for the particular type of precious metal found in the item. When you are ready to sell your scrap you can find many buyers who specialize in dental metals refining and are able to provide a price a little lower than the current price of the metal on the open market.

To begin your quest in gold investing by buying gold scraps, you need to know first that gold comes in several different karats. They indicate the amount of gold that is present in the object which is often a mixture with other types of metals to make it harder. The karat will determine the price or value of the gold scrap. You can find this by finding the weight of the scrap and then multiplying that with the percentage of gold that is present in it. You can find this percentage on the internet ranging from the lower ten karat gold up to 24 karats which is 99%.

After this, you would need to know the current market price of gold which is usually expressed in terms of one ounce. At the present, gold is valued at about $1,700 which is higher than last week’s price. So the earlier you buy your gold scraps today, the more profit would you be able to derive from it. By buying gold early on when the spot price is still lower, you will be getting a profit when the spot price moves up which is what it usually is unless there are some major improvements in the market performance. So, to start investing in your gold today, you might as well begin asking around for old gold items that people would like to sell such as ingots, nuggets or old jewelries that they are willing to part with.

10 Things to Know Before Buying Gold

Anyone can be an investor in gold, whether young or old, as long as they have enough funding for it. The only difference that you would see in these investors however, is how they manage gold. Do you buy and then sell it after a few years? What type of gold should you buy? When is the right time to buy or to sell this precious metal? The answers to these questions are what separate a good from a bad investor. If you would like to succeed in the field of gold investing, here are ten things that one should know before buying gold.

1. Gold is one of the best types of precious metals to invest in. Throughout history, you will see that gold has always had value and a huge one at that, being esteemed highly in various civilizations and retaining their worth through different types of economic conditions. Gold has been used as a medium of exchange in monetary transactions throughout history and is still in use today.

gold-coin-for-collection 2. Gold comes in various purities and weights. If you would like to invest in gold, make sure that you know exactly the type and amount of gold that you plan to invest in. The higher the purity, the more value it would have even possibly for a lesser weight.

3. The less fancy your gold is, the more value would it have for its weight. By fancy, I mean the various designs and added historical value that an item could have. For example, a collector’s item gold coin would be priced much highly than a gold round which comes at a greater weight. But, when you sell it eventually, the round will have a higher selling price due to its weight.

4. It is best to invest in several different pieces of gold. One of the major principles in investing is diversification of assets. The same applies with gold – you should buy not only the larger bullion types but in several smaller pieces as well so you can sell smaller items if you have emergency or other smaller needs.

5. Don’t sell your gold within a few short years. The value of gold tends to attain its highest peak after 10 or more years by which it could have doubled more than 10 times its original buying price.

6. Should you choose to collect some gold coins, make sure to buy the African Krugerrand. It is the standard in purity and is recognized in almost any part of the world if you ever decide to sell it.

7. Don’t try to buy a large amount of gold all at once. Make your purchases over regular intervals of time. Your personal budget must be considered and if budget-wise, large acquisitions can also mean large losses for your other personal expenses.

8. There is a spot price of gold and you should base your purchases on them. Although there are indeed some premiums added to the actual price, there should not be a large difference between spot and the buying price.

9. Buy from a trusted source. Buying stolen items can eventually get you into difficult circumstances.

10. Make sure that you have a safe and secure storage for your gold before you buy any.

Should You Buy Precious Metals in this Economy?

Gold and silver, among many other precious metals in the market have experienced several swings, from high to low for the past couple of months. Given the rather unstable nature of the economy nowadays, you may just be wondering whether you should buy precious metals in this economy? The answer to this will eventually depend upon a full understanding about the risks and the uncertainty that accompanies almost any type of human endeavor on earth which includes investing and trading these commodities.

If you are interested in precious metals as a long-term investment, you probably know that these materials usually come at a high cost. The extraction and mining process are all very expensive and given the fact that more and more of their raw sources are getting fewer by the year, you can expect most of them to rise in value as time goes on. But, you may say, gold and silver had just gone through some significant lows during the past few months, so how can you expect them to perform well in the future?

swiss-gold-bar-1-ounce There are indeed some times when supply may become more available than as expected and this can cause a drop in the price of these metals. Some of these instances are triggered by selling used gold back in the market or “recycling” them. Although these events can rather be discouraging for a new investor, this should not be so as these circumstances are rather the “exceptions” to the rule. They can occur at any time but they usually do not become a general trend of what precious metals investing are like.

These “lows” often occur for a short-term period only compared with the overall performance of precious metals for centuries. You cannot compare these short-lived setbacks to what can be gained within 10 or 20 years. Yes, you may be prevented from buying or selling these precious metals for a time due to their low prices in the market, but if you look ahead of you after 10 or more years, you will see just how much you can really profit from having these assets currently. As most investing gurus have stated, gold will not provide you with huge profits in the short-term. If you are trying to invest in gold, you should look into keeping them for at least 10 years before selling them in the market in order to realize the full profit potential of these assets.

In addition to this there is believed to be a considerable amount of market manipulation going on with national currency which has an effect on precious metals in today’s market. For instance, the United States is continuing its policy of quantitative easing, or money printing. Basically this process of QE is a reckless monetary policy used by central banks to try and help stimulate the nation’s economy. For the U.S. Treasury it translates in to creating more dollars to purchase paper (bills, bonds, & notes) as well as mortgage backed securities. As currencies are devalued, investors tend to want to gravitate toward hard assets to help protect their wealth.

The economy may not have had such a favorable rate of return in the last few months. However,if you can only look at how precious metals have played in the long history of human trade, you will see that it is only a short setback. If we are going to base how these metals have done through various wars, economic collapse, political turmoil, and now the prospect of widespread money printing., you will give them a lot of credit for coming out strong in the end. So the question as to whether you should buy precious metals in this economy would be a definite yes.

[The information found on this website is for general information purposes only. Please do your own due diligence before investing. All risk associated with your investing, including any loss is your responsibility.] photo attribution: epsos

Bullion Vault Review

Are you searching for a Bullion Vault review to help you decide whether buying their gold bullion is a good investment strategy? With the ownership of gold being considered as the best way to protect one’s assets, it is a good opportunity to review those who offer an easier and more practical way of owning the precious metal. In times of economic crisis, an investment in gold is seen to be very wise investment when monetary values become useless. As for owning physical gold, it can become very costly with the other expenses needed for storage, transportation and with the additional mark-ups by dealers. Bullion Vault removes all these costly expenses and provides everyone with an opportunity to own gold at lesser quantities. The application for an account is also easier as this can be done online with a few clicks.

If owning gold is used to be for corporate entities and the moneyed ones only, this has definitely changed with the arrival of Bullion Vault. With their system, you can own gold as little as a single gram and transact the buying and selling process in a matter of seconds anytime of the day.The Bullion Vault has several advantages for the public that did not used to be available before. You can apply to have an account with them through the internet or transfer your gold in three different locations in the world instantly.

There are also other advantages such as the quality of their storage facilities and its lower storage fees. There is also no sales tax charged when you sell gold using the Bullion Vault system. Trading has also been made easier with the use of online services which can be used any time of the day, any day of the year. One can easily transfer the location of his gold through the three storage locations of Bullion Vault in New York, London and Zurich with a simple click. The business also has a large amount of gold and silver bullion in their inventory. The creation of an account in Bullion Vault is also very easy which will be guided with a step-by-step process. They also have an excellent customer support anytime of the day. They are well-trained, courteous and efficient staff which will be able to help with any inquiry.

What can be a very interesting perk from the Bullion Vault is their free gram of gold when you sign-up for an account. It comes free whenever someone creates an account with them. Aside from that, the business also conducts a transparent account of transactions in the accounts which makes them a very trustworthy business entity. You can rely on lower costs of charges when speaking of storage, commissions as well as the spread. This makes it more attractive to open a gold account with them. If ever you want to sell back the gold to them, they will do so anytime you want to.

The advantages of Bullion Vault can be summarized as follows: they have made gold ownership more viable for those who have lesser financial capabilities; gold investing has become safer with their high-end security storage facilities; and the ease of transporting and trading gold has never been made easier.