The Smartest Ways Investors Can Buy Gold

If stocks and equities are investments that help the rich get richer, gold is the investment that helps them stay rich when others are losing their savings. Gold is a place to park your money when you’re not confident in the market’s ability to help you grow your savings through interest, dividends, or asset appreciation.

In recent decades, gold bullion has gained acceptance as a mainstream investment product. Many countries have dropped sales or luxury taxes on gold bullion purchases, treating them like bonds or stocks, and even including them in tax advantaged savings plans.

Buy Gold Bars

And going online will save you money. Online gold sellers face much smaller costs than coin shops that pay high retail rents. Gold sellers such as Silver Gold Bull offer fully insured delivery on any amount of gold coins and bars. You can have your purchases safely delivered to your home, the bank, or placed safely in fully allocated storage. However, there are several different types of gold bullion available to you. Before you buy bullion online today at Silver Gold Bull, learn about the smartest ways you can buy gold bullion.

Gold Coins

Gold coins are the standard bullion format most investors turn to. What differentiates gold coins is that they are all produced by national mints and have a face value and are technically legal tender in their countries, though the gold content is worth considerably more. At most gold sellers, you can find gold coins made by mints from around the world. Some of the most common types of gold coins include:

  • American Eagles
  • Canadian Maple Leafs
  • Chinese Pandas
  • Austrian Philharmonics
  • Britannia Coins
  • Australian Kangaroos
  • South African Krugerrands

You may also be able to find collectible gold coins, such as vintage coins, modern collectibles, wafers, and other options.

Gold Bars

 Gold bars are right for you if you value lower premiums or you are purchasing larger quantities. You can find bars ranging in weights anywhere from grams to 1 kg. bars. They often come with lower premiums because they do not have the same kind of designs that make gold coins unique, or security features like the Royal Canadian Mint’s coin authentication system which can make purchasing coins safer.

Gold Jewelry

Most jewelry does not qualify as gold bullion. The definition of gold bullion is pure and is traded for investment purposes. Most bullion is 99.9% pure, or 24-karats, though some gold coins (such as the American Eagle and South African Krugerrand) are only 91.67% pure, or 22-karats.

For comparison, most jewelry is either 14-karat or 18-karat (58% to 75%). Jewelry does not make an effective investment vehicle because of the low purity and depreciating cost. The up-front cost of new jewelry is considerably higher per ounce of gold content because you’re paying for design, craftsmanship, brand name recognition, as well as the jeweler’s markup. Gold jewelry is a luxury consumer good rather than an investment vehicle.

You can buy gold bullion jewelry online for lower premiums than in a jewelry shop, but as a rule, coins and bars are the most cost-effective and liquid options available to investors.

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