Buying gold bullion is now cheaper and easier than ever before. And it’s still, by a long way the safest way to own gold. Learn how.
To learn more about what gold bullion is please read on …
Gold Bullion is valuable precious metal – namely gold or silver. It comes in two main forms :- Gold bullion bars, and Gold bullion coins. What makes it gold bullion is simply that its value derives entirely from its precious metal content.
Unlike jewelry, or numismatic coins, gold bullion has no artistic component in its value. Some people do not understand why without that artistic component a relatively useless material like gold should have such a high value. To understand that you need to understand gold’s monetary role.
If you want to buy some gold bullion these days it is relatively easy to do so. Latest Bullion Coin Offers
What is the cheapest most efficient way to buy gold?
There are many ways to buy and own gold. Coins and small bars offer a popular but costly way of doing so. The coin’s price is only one element of its total cost. Think about how much money you will get back when you sell. Also add the cost of shipping and insuring bullion bars or coins kept at home.
Gold coins for delivery
As explained above, owning wholesale bullion in a market-accredited vault is the safer, cheaper and easier way to own gold, silver and platinum. That said, we recognize that some people also like to keep a little bullion at home
Collecting Gold Coins
Coin collecting is something that dates back to the when coins were first issued for trade. It was only in the Middle Ages that people turned this into a hobby because of the art work and the historical value.
Coin collecting today is still a hobby that many people enjoy. One of the most precious and most expensive collections that anyone can ever have are those of gold coins. The most expensive gold coin ever bought was worth around eight million dollars. This was the American 1933 Gold Eagle. This is why the collecting of gold coins deserves to be called the hobby of kings.
Gold coins were one of the oldest forms of money. This was later followed by silver coins. Gold coins were in circulation in the United States from 1838 to 1933. The design was the Liberty Head bust but this was only made until 1907. The design was then changed to the Indian Head and Saint Gaudens motifs and was used until 1933 when the Great Depression began. This prompted the recall of gold coins which makes them very difficult to find today.
Since these are no longer in circulation, the price for one of this rare commodity is quite high. Gold is now used for other things such as jewelry or bars that people retain as an investment.
South Africa minted its first gold coin called the Krugerrand in 1967. This coin has no face value but merely stands as a symbol. It is made of 1 ounce of gold and can be purchased for investment purposes.
Since then other countries also minted bullion coins. Canada made the Gold Maple Leaf in 1979 and Australia made the Nugget in 1981. These two are much more popular than the South African coin because of its 24 carat purity.
A lot of people retain gold today as an investment because they speculate that the demand will cause its market value to increase. Others hold it as a form of insurance should the financial situation become worse. There was a point in time when the more paper money that was made, the higher the price of gold which maintained gold and cash as equal value. After this standard ended in 1971, this enabled government to produce more paper currency without increasing the price of gold.
Since gold coins can longer be used to purchase merchandise most coin collectors just keep them to remember that people once used them.
How to Buy Gold?
Our investment guide provides essential reading for all investors on how to buy gold. If you’ve never bought gold before then we can help explain how to invest in gold for beginners. Even seasoned investors can benefit though, and this guide is packed with must-read information and advice on how to invest in gold coins and bars, including why buy gold, where to buy gold and storing gold.
Why Invest in Gold?
In order to know if gold is a good investment, it is important to understand why people buy gold. In times of economic uncertainty and instability, buying gold makes more sense than other assets. With confidence in the banking system and worldwide economy at an all-time low, gold bullion could be the ultimate insurance and should act as an essential part of everybody’s investment portfolio. With the famous yellow metal in greater demand than ever, there are many reasons why people should buy gold. Owning gold could be the ultimate way to preserve your wealth, and possibly make a healthy return in these uncertain times. It’s an age old question which people have been asking for centuries – where is my money really safe? And more and more people are now choosing the oldest answer: GOLD.
Why Buy Physical Gold? Physical Gold Vs ETFs
As the old saying goes; if you don’t hold it, you don’t own it. There really are numerous benefits of physically holding your gold in your hands, as opposed to buying electronic gold (ETF) or paper gold. In these unpredictable economic times of banking instability, low interest rates, underperforming currency markets, volatile stocks and repeated rounds of printing money, gold offers a welcome safeguard to the turbulence. However this is not just any form of gold, but physical gold. Physical gold is a timeless asset which will always have a value and always lasts the test of time. Holding physical gold bars and/or gold coins provides the ultimate control and insurance for your wealth against financial crisis in an underperforming wider economy.
Where to Buy Gold?
Research is everything. Your decision to buy gold online wouldn’t have been taken lightly and should be backed by your own research. Much the same, when it comes to selecting your chosen bullion dealer, again research is vital. The internet is the best place to conduct your research. The internet holds information about the impartial experiences, opinions and recommendations of millions of people all around the world. It sounds obvious, but why not start your research by simply typing in the bullion dealers brand name into Google. The internet really is the world’s largest open forum in which companies have no control. It will quickly become apparent if a bullion dealer has a negative online reputation, in which case they should be avoided at all costs.
When to Invest in Gold?
Looking back at historical data; in hindsight it is easy to identify 2005/06 as a great time to buy gold bullion, before the constant rises when the price of gold stood at just £250 per troy ounce. We are often asked whether it’s a good time to invest in gold, and whether the price will rise?
Unfortunately, there’s no exact science to knowing when to buy gold, but there are lots of effective and timeless techniques and indicators that most successful investors use to help them spot the right time to buy gold.
Gold Bars Vs Gold Coins?
Whether you’re new to bullion investment or not, deciding whether to invest in bullion bars or bullion coins should take some consideration. Before making this decision, it would be advisable that you conduct your research as there is no definitive right or wrong answer, it will vary depending on the needs and circumstances of the individual investor. However, as when making any other investment there are several factors to consider including: the value of your investment and the product premiums, how long you plan on holding your gold, how you will store it, capital gains tax (CGT) and how you plan on realising the value of your investment.
Should I Buy Gold & Silver?
Many investors spend time deciding whether to buy gold or buy silver, however the savviest investors own both. Whereas gold could offer the ultimate insurance and protection against uncertain economic times, silver is a more speculative investment. Despite gold and silver both being commonly invested precious metals, silver is an entirely different investment which can realise substantial profits despite the initial VAT outlay. It’s because of these differences that owning both gold and silver together can be of benefit.
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