Category Archives: Buying Gold

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-collection2. 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…Continue Reading

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…Continue Reading

Buy Gold in Greensboro NC

If you want to find a quality gold seller in Greensboro NC, here are some places that you can check out for yourself.  Buying gold has never been an easy affair and you always have to be on the lookout for fake gold dealers.  You need to find a reliable and state authorized gold dealer…Continue Reading

Buy Gold in Las Vegas

For some, it may not come that easy to find a reliable and trusted gold dealer in the city of Las Vegas.  With gold being a highly priced metal today, more and more people are thinking of it as a way to protect their wealth and investments.  There are a lot of ways with which…Continue Reading

Buying Gold vs Silver

Two metals have gained wide popularity when it comes to storing wealth in their forms but do you know which is most highly recommended when it comes to buying gold versus silver as a way to secure wealth? A lot of people have usually debated as to which of the two would be of better…Continue Reading

Buy Gold in Portland

Interested in finding the best places to invest in gold and other precious metal items in Portland Oregon? Buying gold can be a difficult task if you don’t know what you should buy and how to get around to get the best store that will offer you the best prices for a piece of gold…Continue Reading

Buy Gold in Seattle

Would you like to find a reputable gold seller in Seattle to help diversify your investing portfolio? Buying gold is now one of the best moves you can make when thinking about where you should place your money. A lot of investments are so unstable that you cannot really know if you can ever really…Continue Reading

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…Continue Reading

Buy Gold in Reno Nevada

Want to discover the best ways to purchase gold in Reno, Nevada? Buying gold is one of the ways in which people make their investments secure whenever there is a crisis in the economy. Gold has always been traded and used for commercial purposes from time immemorial and has been considered to be a universal…Continue Reading