By now you have read about how gold is a safe haven asset, a great hedge against financial uncertainty. It can get confusing for anyone who has never shopped for bullion of looked at investing in gold especially when other things like gold-exchange-traded funds are thrown in the mix. If you want something physically tangible to invest in then bullion bars are the best. These can be bought at spot price which is the cost of refined of unfabricated gold. Bullion bars can be liquidated or sold for cash in times of economic collapse.
The bullion bar buying Process
Buying physical bullion bars is easy especially if you are buying them online. You can visit a number of reputable online bullion dealers and when you find the one you want to buy from you will probably be given a selection of gold bars you can buy. You can choose the bars by weight, price quantity, etc. Some online gold dealers give discounts for bulk purchases if you’re buying small gold bars. Most credit card or EFT transfers. Delivery may vary from a couple of days to a couple of weeks. When you receive your bars, make sure that you keep them in the package they came in, they are made with the purest gold which is soft and easy to scratch. It will be easier to get the best price for them when you decide to liquidate.
You can also buy physical bullion bars from local gold dealers, this is more suitable when buying in bulk as a gold dealer cannot post you $200,000 with of gold bars. Gold dealers like this will also accept cash or fast EFT payments. Some cities around the world like Dubai or Las Vegas have gold ATMs you can purchase bullion bars from. These however, are notorious for selling gold bars way above the spot price.
What are investment grade gold bars?
Good quality gold bars need to be at least 99.5% – 99.9% pure gold. The rest will either be silver or copper. The bars should have the manufacturer’s name, weight and purity stamped on the face of the bars.
Buy Workable Sizes
When buying gold bars you should consider the ease of liquidating them. It’s easier to sell 10 1 one-ounce bars than it is to sell one whole 10-ounce bar. You can sell one bar at a time to get the cash you need instead of selling the entire bar for more money than you actually need.
How to sell gold bullion bars?
When selling gold you should always be aware of the spot price. Most finance websites display the daily spot price. Gold is as easy to buy as it is to sell. You should expect gold buyers to add their profit margins and if you are selling to online buyers you can expect shipping and handling fees and payment processing fees. Shop your bars around and do a price comparison of the different prices gold dealers are offering to buy your gold bars.
