Usually it is gold bullion bars, or gold coins or can even be GoldMoney (more on that later). This can depend on how much money you have to allocate to buying gold and why you are buying gold. If you have sufficient funds then gold bullion bars would be the way to go. These can be as small as one or half ounce bars or as large as one kilo bars or even the 400 ounce bars although buying those sized gold bullion bars would be very rare.
2. Searching around for the best price is important as the prices can vary. The smaller amount of gold you buy, for example, means the higher cost per ounce or gram. Due to fabrication costs and other factors, a one or half ounce bar (or biscuit as it is known) can cost twice as much as the value of the gold. Yet a larger bar will have a more acceptable cost attached to the value of the gold. The price you see in the news is not the actual price of gold. It is the price of gold futures . To see the actual price of gold you have to look at what dealers are charging. You can also get a very good idea from auction sites such as eBay which will show the current value people are placing on gold. Here you would not look at what people are asking but what people are paying.
3. When you have determined what gold you want to buy then the next question is where to buy it. Dealers tend to be the most expensive. You can get some good deals on eBay but that usually involves a lot of time and effort. Plus you have to verify the seller is selling the genuine article and not some fake of course. Practicing due diligence is very important when buying gold bullion online.
4. An alternative is to buy gold from GoldMoney. Here you can simply open an account rather as you would open a bank account. Deposit funds to GoldMoney who will then assign you gold at the prevailing price to your account. Your gold physically sits in a bank vault either in London or Zurich and you can add to it, cash it or a portion in and even, under certain circumstances redeem the gold in the form of one kilo gold bullion bars. The gold held in the vaults is regularly audited and is fully insured against the usual, theft destruction and so forth.
Usually it is gold bullion bars, or gold coins or can even be GoldMoney (more on that later). This can depend on how much money you have to allocate to buying gold and why you are buying gold. If you have sufficient funds then gold bullion bars would be the way to go. These can be as small as one or half ounce bars or as large as one kilo bars or even the 400 ounce bars although buying those sized gold bullion bars would be very rare.
2. Searching around for the best price is important as the prices can vary. The smaller amount of gold you buy, for example, means the higher cost per ounce or gram. Due to fabrication costs and other factors, a one or half ounce bar (or biscuit as it is known) can cost twice as much as the value of the gold. Yet a larger bar will have a more acceptable cost attached to the value of the gold. The price you see in the news is not the actual price of gold. It is the price of gold futures . To see the actual price of gold you have to look at what dealers are charging. You can also get a very good idea from auction sites such as eBay which will show the current value people are placing on gold. Here you would not look at what people are asking but what people are paying.
3. When you have determined what gold you want to buy then the next question is where to buy it. Dealers tend to be the most expensive. You can get some good deals on eBay but that usually involves a lot of time and effort. Plus you have to verify the seller is selling the genuine article and not some fake of course. Practicing due diligence is very important when buying gold bullion online.
4. An alternative is to buy gold from GoldMoney. Here you can simply open an account rather as you would open a bank account. Deposit funds to GoldMoney who will then assign you gold at the prevailing price to your account. Your gold physically sits in a bank vault either in London or Zurich and you can add to it, cash it or a portion in and even, under certain circumstances redeem the gold in the form of one kilo gold bullion bars. The gold held in the vaults is regularly audited and is fully insured against the usual, theft destruction and so forth.
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