Best profitable way to Buy Gold Bars; A Beginners Guide 2024
Best Way to Buy Gold; During rough economic uncertainties and inflation, an investor will need a safe harbor to secure his wealth, and one of the best options to achieve this is buying or investing in gold.
Allocating a portion of your investment portfolio however small it is to this precious mineral is the safest and most profitable way of securing your wealth beyond your expectations.
There are various ways of investing in gold some of which are intangible investments such as Gold Exchange Trade Funds ( ETFs), stocks, and IRAs but the most profitable way of investing in gold is by buying it physically commonly known as a Gold Bullion.
Physical gold will always grow in value over time and it is highly liquid meaning it is very much easy for you to sell it anytime you need cash.
However, you don’t have to enter the gold market and just randomly buy gold, your purchasing behaviors can have a great impact on the profitability of this precious metal. In this article, we are going to explore the best profitable ways to buy gold for investment, factors to consider when buying gold for investment, and the best gold bars for investment.
Best way to buy Gold in Africa
Online gold Retailers;
This is one of the popular ways used by potential investors to invest in this precious metal. Buying gold bars from an online retailer is a simple process requiring you just a few steps to close your gold deal at your comfort coming with lots of benefits.
We are choosing online retailers as the best option because they are easily accessed, have price transparency, and offer a variety of products to choose from, you can browse the gold bar products, and choose what you want depending on the price, quantity, and weight then your gold bars can be delivered to your destinations, well packed through reputable delivery companies.
We divide the bill of delivery fees and insurance with our clients so that we don’t leave everything on them after a great deal is closed most especially to clients buying in large quantities.
Some Online gold retailers offer discounted rates for their customers most especially to those buying in bulk and to those paying using credit cards and wire transfers and that’s who we are.
When buying gold online, invest in time, don’t rush out in the gold online market, compare prices to get the best gold deal, and try to find reputable sellers because there are scams out there waiting on you to fall in their trap.
Bear in mind that prices from physical gold local retailers are always much higher than those of online retailers because of the high maintenance costs of the gold brick. make sure that you know the gold current spot price so that you come up with the right decision on which retailer to buy from.
Buying Gold in Person
Some investors will prefer getting to the physical local market, exploring around, inspecting, chose on what they want, and then paying in cash. However local retailers will offer you a very small option to choose from hence charging you highly compared to online retailers.
6 Crucial Factors to consider when Buying Gold
When buying gold to add to your investment portfolio, there are some factors that you should always put into consideration in order to come out of the gold market with the right product at the best price and some of these include;
Purity level; The best investment gold grade must be 999.99% pure, and the least it can must be is 99.5%. Look out for gold bars that are marked with “999.9 fine gold” on their faces inclusive of the manufacturer’s name.
Storage; Potential gold investors buying in bulk must consider how they are going to store their gold. True, gold can be kept at home but for top security, we recommend that you store your gold with a custodian or in a safer deposit box, it will come with an extra storage fee but just know it is worth it rather than keeping it in a safe at home, risking it and your lives.
Weight; the standard weight of gold for investments usually ranges from 1 gram to 1 kilogram. Remember that it is the weight and size of the gold that determines its cost therefore go for that gold weight falling in your budget plans. 1-kilogram gold is the most common among potential gold investors, other popular units invested in include 1 ounce, 10 ounces, and 100 grams.
Insurance; It is not you to worry about taking out an insurance policy for your gold when you keep it in a safer deposit box or bank gold deposits, but When you choose to keep your gold in a safe at home, then you should consider putting it under an insurance policy so that in case of theft or any natural disaster which can lead to a loss, you can easily be compensated.
Market price; Browse the gold market, and compare market prices with the current gold spot price to get the best price.
Serial numbers, look out for gold bars with serial numbers as they are proof of genuine and origin of the gold bar.
