How To Buy Gold

Many people are wondering how to buy gold to increase and protect their prosperity and wealth in today’s difficult economic times. Whether you should be buying gold is probably answered by the fact that multi-millionaires and billionaires worldwide are making very significant gold investments right now.

The rush to buy gold is not confined to wealthy individuals though. Emerging powerhouse countries like China and India are doing the same. But is this something beyond the reach of everyday folk? Not at all – private, inexperienced individuals have plenty of opportunity to buy gold, it’s just a matter of knowing how to go about it…

How To Buy Gold > First Check Out The Options Available

There are 4 main methods you can employ to buy gold:

1. You can buy ETFs (Exchange Traded Funds)
2. You can buy shares in gold mining companies
3. You can buy gold futures
4. You can buy physical gold

For the first 3 options it is best to have experience of trading and investing so for the novice or inexperienced gold investor the least risky option is to buy physical gold. That is what we are going to concentrate on in the rest of this article – how to buy gold in its physical form.

Buying Physical Gold > The Options

When exploring how to buy gold that you physically hold you have to first decide on your motives. The options available to you are:

1. Gold jewellery
2. Gold bullion

If you love gold for its beauty and intrinsic value you may decide to buy gold jewellery. But you have to recognise that this falls short as an investment strategy if you want to maximise your returns. This is because the price includes the costs involved in designing and making the jewellery, meaning that the value of it is not determined exclusively by the prevailing market gold price and you may not recover this crafting cost when you come to sell.

The next option is to buy gold bullion and here you have 2 choices:

1. Gold bullion bars
2. Gold bullion coins

A lot of people think that gold bullion means the type of ingots or bars that you see images of in bank vaults. So you may be surprised to learn that gold bullion comprises both gold bars and gold coins.

The more practical option for smaller investors is gold coins. The reason for this is that they can be bought in denominations which are much smaller, thus making them more liquid. For example you will find it more easy to sell $50,000 worth of gold coins (because you could sell to multiple buyers) rather than one bar worth $50,000.

When buying gold coins you have two options:

1. Standard bullion gold coins
2. Rare gold coins

Standard bullion gold coins comprise those produced in government mints and which are accepted as legal tender. Examples of these include the American Eagle, the South African Krugerrand and the Canadian Maple Leaf.

Rare gold coins on the other hand are the category of coins which are either no longer being produced (minted) at all or are being minted in much smaller numbers which restricts their supply. An obvious consequence is that they tend to become collectable items. Such examples are the St Gaudens, British Sovereign, Swiss 20 Franc and the Liberty Head.

Whilst rare gold coins have enhanced values compared to standard bullion ones there are quite a lot of forgeries and fakes in circulation. For that reason standard gold bullion coins are a safer and less risky option for inexperienced gold investors. You should not necessarily let this put you off buying rare coins if this is your preference, however, as you can mitigate the risks by buying from a reputable and trustworthy source.

Where To Buy Gold

Having figured out how to buy gold by working through the options available to you the next step is to decide where and who to buy it from.

You should only make your purchase from outlets or vendors who provide certified gold. Most of the coins have the weight and purity stamped on them and gold bullion should come with certification regarding the weight and purity. It is essential that you request such a certificate at the time of purchase and you should keep away from any vendors who are not prepared to provide one. This is for your protection as you will need to provide this to a future buyer if and when you decide to sell.

When buying gold your options to do so are online or offline from physical vendors. Whichever option you choose you should research the vendor to make sure they are authentic, reliable and trustworthy. It is safer to avoid buying from individuals or from organizations that have not been in existence long enough to have a track record that you can check out.

Preferably you should choose a vendor that is accredited with a trade organization who will have vetted them in advance.

Irrespective of whether you make your purchase on or offline it is advisable to buy from vendors who have representatives available who you can discuss your requirements with and who will talk you through the buying process.

Most of the larger and more reputable vendors will send out complimentary gold investing kits to prospective buyers. These usually carry a lot of useful information including background information about their organization, details of the products they have on offer and their Terms and Conditions. When speaking to them don’t forget to check out their delivery terms such as how they ship the product to you, what insurance they include and what guarantees they give about delivery times.

Who I Recommend and Why

If you prefer to get more information about Regal Assets you can visit their website here: Regal Assets

How To Buy Gold – Quick Checklist

1. Decide your preferred method – EFTs, gold shares, gold futures or physical gold
2. For physical gold choose between jewellery and bullion
3. For bullion choose between coins and bars
4. For coins chose between standard bullion coins and rare coins
5. Decide whether to buy online or offline
6. Research the vendor and choose only a reliable, trustworthy and accredited one
7. Request a gold investing kit (use the form at the top of this page)
8. Speak to a representative to discuss your requirements
9. Buy your gold!

So there you have it – How To Buy Gold broken down into 9 steps. I hope this has assisted you.

How To Buy Gold as Part of a Retirement Plan

Because of the economic uncertainties around the globe at this time many people are worried about their retirement investment plans and are considering gold and other precious metals as an alternative. Precious metals retirement plans are a wise choice because they are less volatile and also offer you a way to buy gold with considerable tax advantages.

Your first consideration should be whether to transfer or roll over your retirement plan. Then you need to decide what coins to hold in it. Certain bullion and rare coins are allowed by the American government to be included in an IRA. This is a specialist topic and it is best to take advice from experts in the field, an individual or Company with expert knowledge of both precious metals and retirement plans.

One such Company that I highly recommended is Regal Assets whom I already referred to above, and whom I have used to set up my own gold IRA. They are a California based precious metals dealer who specialise in gold and precious metals IRAs, 401ks and retirement plans. You can get further information from them plus you can schedule a one on one telephone consultation with one of their experts by sending them your name, email address and phone number in the form at the top of this page, then one of their representatives will get straight back to you.

Alternatively if you prefer to go to the page on their website all about precious metals retirement plans and gold IRA’s you can click on this link:  Gold IRAs .

The Case For Buying Gold

In the video that follows Mike Maloney, the renowned author of  ‘A Guide to Investing in Gold and Silver’, gives an explanation based on mathematical logic and historical facts as to why gold prices could climb to $15,000 an ounce within the timeframe of just 3 to 5 years:

Everyone is aware of the turbulence in the global economy right now. The Eurozone is in crisis to such an extent that the future of the Euro is in doubt. Countries such as Iceland and Greece have been unable to pay their debts. The United States has had its credit rating downgraded from AAA to AA+ for first time ever.

Governments worldwide are addressing this crisis by printing more and more money. Take the US as an example. In 1971 President Nixon made the decision to remove the gold standard from the US dollar. This meant that no longer was each dollar bill printed backed up by an equal amount of gold in the US reserves and the US dollar became a fiat currency.

From that time on the value of dollar has increasingly declined and the National Debt in the US has increased from $414 million to $14 trillion. That represents a staggering 3,381% increase. The reality is that it has spiralled out of control. The printing press is in charge.

Compare this with the fact that the price of gold is up 600% since 2002. Why? Because gold has a negative correlation with stocks, bonds and the US dollar’s value. When these fall the price of gold increases. Gold is seen as a safe haven when times are difficult.

Gold is a scarce commodity with intrinsic value. It can’t be manufactured in the same way that paper money can be printed. So it will always hold its value. If you check out the historical price of gold you will discover that it has always gone up over time.

The price of gold is never affected by the performance of any industry, business or economy. Plus it is extremely liquid meaning that it effectively is a means of currency.

So that explains why nations, billionaires and millionaires are purchasing gold in such volume at this present time. They see gold as a wealth protection mechanism that paper currencies cannot offer them.

Not surprising that so many individuals now want to discover how to buy gold, eh? Are you ready to get started? An excellent starting point is to request a free Gold Investing Kit from a highly recommended precious metals Company. The one I recommend because I use them exclusively now and because I’m really happy with their service is Regal Assets. All you have to do is enter your contact details in the form I’ve put at the top.

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Many would be investors in physical gold wonder how to get started and more specifically how to buy gold coins. If you are one of those let us start by congratulating you on your decision to invest in gold.

Introduction

With the global economy experiencing such turbulent times right now and with the prospect of things getting worse before they get better now really is the perfect time to convert some of your investment portfolio into gold.

There are many reasons for buying gold. It has always been a valuable asset and a commodity that has proven to give maximum returns. The gold price over time has always trended upwards.

Gold also acts as a safe haven during uncertain economic times, such as those prevailing. As the value of major currencies weaken or the stock market experiences a downfall, gold prices go up. For this reason it is always wise to include gold as an integral part of your investment portfolio.

Gold has always had an intrinsic value. Since it is not something that is manufactured, it is always considered as precious as well as being a commodity that is used in many different ways. Whilst most women love to possess gold jewelry because of its beauty, jewelry should be judged just for that and not as an investment vehicle. This is because the value of and demand for gold jewelry is determined by more than just the price of gold.

Gold coins on the other hand hold their value and are priced in accordance with the spot gold price.  They are also a liquid form of investment meaning they can be bought and sold very quickly and easily.

When considering how to buy gold you should be aware of the options available to you such as trading gold futures, ETFs (Exchange Traded Funds), buying gold mining stocks and buying physical gold. The least risky option is to buy physical gold and for most people the simplest way to do that is for them to buy gold coins.

Advantages of Buying Gold Coins

When you are considering buying gold bullion there are many advantages to be gained from buying gold coins. A lot of people don’t realize that gold coins actually are bullion too. There is a general misconception that bullion is just the gold ingots you see pictures of in bank vaults. But that is not so. One definition of bullion is ‘a refined and stamped weight of precious metal’.

Gold coins are more liquid than gold bars. It is much more difficult trying to sell a big chunk of gold worth maybe $100,000 than it is to sell the same amount of gold bullion which is in smaller, more tradable sizes.

Gold coins are readily available and you can buy them in various denominations or weight. Their liquidity makes it easy to exchange or trade them anywhere in the world.

How To Buy Gold Coins Without Taking Risks

When evaluating how to buy gold coins the first step is in knowing the varying types that are available. These are labelled in two categories: firstly standard bullion coins and secondly rare numismatic coins.

Most countries mint their own bullion coins, which are considered to be legal tender. The most common ones are the South African Krugerrand and the American Gold Eagle. Others include the Canadian Maple Leaf, the American Buffalo, the Chinese Panda and the Austrian Philharmonic.

These sell for almost their core value and are the safest form of investment because they are guaranteed by the countries that mint them.

Rare gold coins are coins that are either no longer being minted or otherwise are just being minted in small quantities.  Because they are in shorter supply they will always sell for a higher price than standard bullion coins. Some examples of rare coins that fall into this category are: British Sovereign, French 20 Franc, the Swiss 20 Franc, the Indian Head, the Liberty Head and the Saint-Gaudens.

Rare gold coins can be a more risky purchase for inexperienced investors. Not only are they more expensive but they should also be purchased with care.  Novice investors may not realize the exact difference between fake and original rare collectible coins. Unless you consider yourself to be an experienced gold coin investor it is recommended that you seek advice from experts before purchasing rare coins.

Bullion coins are produced in fractions of an ounce – normally half ounce, quarter ounce and one tenth ounce. Sometimes a face value is minted on the coin to give it legal tender status. You should be aware though that the face value is always a lot less than the bullion value. This is because the true value is governed by the troy weight – the prevailing gold market price of the precious metal contained – and whatever premium that particular bullion coin is commanding in the market.

Where To Buy Your Gold Coins

The next step in the process of how to buy gold coins is discovering the best place to buy them from.

Firstly it is wise to compare various prices on offer from different sellers for the particular type of coin or coins that you wish to buy. You can find sellers online and these should be checked out diligently before making your purchase

A safe option for buying gold coins online is from the government mint, the reason being that all these coins come with a guarantee of weight, price and purity. The certification that you receive at the time of purchase will make it easier for you to get the right price in the future when you come to sell.

There are also reliable private firms which have been selling gold coins for many years, such as Regal Assets, Apmex and Monex. You may also want to consider online portals like eBay. The one that I recommend because of their high reputation for the most competitive prices, reliability and excellent customer service is Regal Assets. In fact they are the only seller I use now and I feel very comfortable using them and recommending them. What I suggest you do is send them your contact details on the form I’ve put at the top of this site. Once you’ve done that you’ll get a call from one of their knowledgeable representatives to discuss all your requirements, answer all your questions and to arrange to send you one of their complimentary Gold Investment Kits.

It is important that you receive a purity and weight certificate when you make your purchase and you should be wary of any sellers not willing to provide you with one.

If you are considering buying from individual sellers, vendors or dealers you should always do your due diligence beforehand.  At the very least make sure they have been in the business of selling gold for a minimum of 5  years.

Finally, you could consider online auctions as a lot of these will provide you with a guarantee.

After Making Your Purchase

Once you have purchased your gold coins it is important to store them safely. Obvious choices with many investors are bank safety deposit boxes and home safes.

You should monitor the gold price regularly. It is always beneficial for you to have an up to date idea of the value of your gold coin investments

Conclusion – Your ‘How To Buy Gold Coins’ Checklist

• If you are an inexperienced gold coins investor choose the less risky option of gold bullion coins
• If you prefer to buy rare coins seek expert advice before you commit
• Be careful about who you buy the coins from
• Make sure you receive a purity and weight certificate when you make your purchase
• Store your coins safely
• Keep abreast of the current gold price and the value of your investments

So there you have it. How to buy gold coins summarized in 6 steps!

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Wondering how to buy gold online? Many different ways to buy gold have been introduced over the years and due to the extensive use of the internet these days, many people now prefer to buy gold online. That being said, there are a lot of people who still prefer to buy gold through the more traditional offline sources too. There are advantages and disadvantages of each method but since buying gold online is more convenient, many individuals and investors prefer this option.

How To Buy Gold Online > Initial Research

Gold is intrinsic in nature. Due to its versatile use and dynamic nature, it is necessary to do your research and gather sufficient information about the type of gold you are intending to buy before you make your purchase. And of course the perfect place to do that is on the internet where there is a wealth of information available.

The internet gives you the opportunity to keep abreast of the current market price. Whilst the overall trend in the price of gold is strongly upwards you will see from any chart that the upwards line is none the less jagged as the price fluctuates day to day. The more you can follow this and take time to research what is causing these short term price movements the better informed you will be about the timing of your purchase.

Before the advent of the internet that sort of research was more difficult but nowadays all the information is there for you at your fingertips.

Even if you decide not to actually make your purchase online you can still make the internet an important part of the buying process. Initial research is vital to ensure that you make not only the most profitable investment but also the type that suits you best.

The starting point of your research should be getting to know the options available for buying gold. You can consider buying gold stocks, gold futures, ETFs (Exchange Traded Funds) or physical gold. Should you elect any of the first three of these you can easily open an online account with a stockbroker or a spread betting company which will enable you to do all your buying (and selling) over the internet.

For an inexperienced investor the least risky way to buy gold is to invest in physical gold and that is what we are going to concentrate on in the rest of this article. When determining how to buy gold this way you first need to understand the options available to you. These fall into two main categories, gold jewelry and gold bullion.

Whereas it might be the initial first choice for many women to choose gold jewelry you ladies need to recognise that this isn’t the best option from a pure investment point of view. This is because at the time you buy gold jewelry you pay for the craft that is done on the gold too, but these charges are not paid back to you when you sell it.

So from an investment point of view the best option is to buy gold bullion. This comes in two forms, gold bars and gold coins. It is often misconceived that gold bullion only comes in the form of ‘bricks’ or ingots that you imagine being stored in Fort Knox.  Gold coins are also bullion.

For individual investors gold coins represent a more practical option than gold bars because they can be bought in lesser denominations and are therefore more liquid.

In order to break your research down further, you need to be aware that there are two types of gold bullion coins you can buy – standard bullion coins and rare coins.

Online Search Terms

To investigate these further online you can do simple searches on the names of certain types of coins that fall into each category.

For standard bullion coins examples of search terms you can enter into the search engines are: ‘Krugerrand’, ‘Gold Eagle’, ‘American Buffalo’, ‘Canadian Maple Leaf, ‘Austrian Philharmonic’ and ‘Chinese Panda’.

For rare gold coins examples of search terms you can use are: ‘St Gaudens’, ‘British Gold Sovereign’, ‘Swiss Gold Franc Gold Coins’, ‘French Gold Coins Napolean’, ‘Liberty Head’ and ‘Indian Head’.

These searches will take you to sites where you can find out more information about the individual coins and also to sites where you can buy them online.

Having done this initial research into how to buy gold you next need to decide whether you want to buy it online or offline. This is a matter of personal choice.

Before taking the plunge you need to know that gold bars generally come with 99.5% purity and most gold coins claim to be 99.99% pure and to be prudent this needs be verified and a certificate regarding the weight and purity should be procured from the seller.

How To Buy Gold Online And Minimise Your Risk – 5 Top Tips

1. Selecting a good vendor is vital. Be aware that there are many frauds and scams on the internet and disreputable vendors will often take full advantage of its anonymity. This is not confined to buying gold online of course. You might be enticed by the low prices of gold on a particular site only to discover that the gold that arrives is not pure. Therefore it is wise not to be attracted by extra lucrative offers.
2. It is best to avoid private vendors or individual sellers. It is more prudent to choose an online organization that has been trading for quite some time and that is an accredited member of a recognized body, a good example of which is the Better Business Bureau (BBB).
3. Choose an organization that has expert representatives who you can talk to and who can provide you with more information about the items in which you are interested, and assist you in placing an order.
4. Take references from friends or family who have purchased gold online before.
5. Governments in most countries have their own websites which sell gold online. There is also the US Mint’s list of authorized dealers easily available on the internet.

How To Buy Gold Online – Conclusion

In the turbulent and uncertain times prevailing right now many investors are choosing to convert at least a portion of their investment portfolio into gold to protect their wealth. Gold offers the protection that paper currencies cannot.

The internet makes buying gold a lot easier. You can use it just to do your initial research or as a means to making your purchase as well if you so choose.

As long as you do adequate research into the type of gold you want to invest in and you make sure that the gold vendor you intend to use is reputable your venture into buying gold should be straightforward when you take advantage of all the resources available to you at your fingertips on the internet. We trust that the hints above on how to buy gold online have assisted you with this process.

To assist you even further and to save you a lot of time on research, the Company that I recommend if you want to buy gold online from the comfort of your own home is Regal Assets. They are the only seller that I use now. I’ve put a form at the top of this site where you can send them your details so that they can send you one of their free Gold Investing Kits. Remember to include your phone number because then one of their representatives will call you for a chat to discuss all your requirements and to answer all your questions.

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As a first-time gold investor or somebody who is just very interested in this topic, it’s very important that you understand how to buy gold properly so that you get the best bang for your buck and you don’t accidentally let somebody take advantage of you.

There are three really important questions that people often ask themselves when they first consider the topic of how to buy gold. So let’s take a quick look at those questions right now, and I’ll answer them for you too.

How To Buy Gold FAQ #1 – What type of gold should I buy as a brand-new investor?

This is a really good question and the simple answer is that as an investor you want to buy gold bullion.

This is the ideal type of gold for investors because the way that it’s bought and sold makes it an ideal investment vehicle. Gold bullion is measured by weight and how much gold content is in each particular gold coin or gold bar that you happen to be interested in purchasing. So the value is strictly placed on the gold content and it has nothing to do with any collectors’ value or rarity or anything like that.

A lot of gold coin collectors, as opposed to gold investors (and the distinction between the two is important), will buy numismatic gold coins because their value is perceived differently to gold bullion. Numismatic coins are often looked at as much for their design as for their gold content, and also how rare they might happen to be.

I have gone into more depth on this subject about How To Buy Gold For Maximum Gain and Minimum Risk

How To Buy Gold FAQ #2 – Do I have to worry about purchasing any fake gold coins or gold bars?

This question is extremely important when first learning how to buy gold because you don’t want to accidentally get ripped off by some unscrupulous seller.

Yes, since gold is a highly sought after commodity you can obviously expect there to be counterfeits in this particular marketplace. It’s unavoidable because any time there is something of value that people want, there will always be people out there trying to scam you and rip you off. That’s just the way it goes in life unfortunately, and it goes for buying gold as well.  Which leads to the next question…

How To Buy Gold FAQ #3 – How will I know what seller to choose when I’m buying gold so that I don’t get ripped off?

I can only speak from experience here, and the best place that I personally have been able to buy gold is from a company online called Regal Assets. This is the only place that I go to now for buying gold and I have never been disappointed. They have always made me feel like a valued customer, even at the beginning when I was full of doubts and bombarding them with questions. If I tested the patience of my Account Executive he certainly didn’t show it!

They have an incredible track record and their customer service is second to none. You don’t have to worry about buying any counterfeit gold from this company because they are very well known and have a great reputation for truly taking care of their customers.

If you are ready to make your first investment in gold or other precious metals then I recommend that you send in your contact information to Regal Assets through the form below. You’ll be sent a free investors kit and one of their representatives will contact you to help you with any questions or concerns that you might have. I’m sure that sometime in the future you’ll look back at this first step and reflect back on what a wise decision you made.

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