Saturday, April 26, 2014

Where / How to Buy Gold Coins or Bars

If you're a first-time gold buyer, you shouldn't be intimidated by the prospect of buying gold. Though the task may seem daunting, the process is rather easy once you know the basics. You should start by asking yourself several questions.

1. How much money am I looking to exchange for gold?

Note, that despite the fact that most people refer to gold as an investment, gold is not a traditional investment because gold does not produce a dividend. Gold is money, and as money, its true value is measured by its purchasing power in relation to other assets. Determining whether you have $1,000 to exchange or $100,000 to exchange will go a long way in helping you select the right gold vehicle.

2. Do I want to take possession of my gold?

In the modern market, there are many ways to invest in gold, such as purchasing through a custodial service, like,, or the Perth Mint. These companies allow you to purchase gold and keep it in their audited vaults. The advantages are ease of buying, ease of selling, and a safe place for storage. The disadvantages are cost (you pay yearly fees and higher premiums) and lack of access to your holdings.