With the whole globe being charged with economic depressions, people are in search of lucrative and safe investment options in order to safeguard their assets and also to reap decent profits. The popular investment options such as mutual bonds, shares and debentures are not attractive anymore due to sluggish nature of the market.
Most of the people are now turning to gold investment in order to increase their asset base. Though buying gold is an easy task, but most of the prospective buyers are often plagued by a question as in where to buy gold bullion.
Though, where to buy gold bullion is a very common query, but it has a remarkable impact on the investment as a whole. Thinking about where to buy gold bullion from, most of the buyers happen to come up with the common answer – jewelry shops or gold dealers. However, if you explore the topic – where to buy gold bullion extensively, you will be literally amazed with the options.
Factors to consider before you decide where to buy gold bullion bars or coins
Before deciding on where to buy gold bullion, certain factors that bear a crucial impact on the selection process should be considered. The very first factor before deciding on where to buy gold bullion is the type of gold bullion you desire to purchase.
If you are looking forward to investment in gold bullion in the form of gold bullion coins then you have abundant choices at your disposal. Gold bullion coins are ready made coins and are available with all local gold dealers, online gold dealers, jewelry shops, etc. On the other hands, only few gold dealers deal in gold bullion bars.
The second most important factor that must be taken into consideration when you are pondering about where to buy gold bullion is the price of the bullion. If you are looking forward to a small investment, then a small variance in price will be acceptable. On the other hand, if you are planning for a massive investment on a regular basis then a small difference shall also have a large impact.
The popular places of where to buy gold bullion bars and coins.
- Local coin shops are the first option that strikes when thinking about where to buy gold bullion coins and bars. In fact, this is the best and the most practical way to buy gold bullion coins. With the selection of local coin shop, you get the opportunity to closely examine the gold bullion and also to transact personally with the dealer. The only disadvantage of local coin shops is high prices clubbed with price disparity.
- The second option of where to buy gold bullion bars and coins is gold bullion dealers. Gold bullion dealers are those merchants who buy gold bullion from various sources and supply to the local shops. Through the gold bullion dealers you can avail the benefit of low prices through bulk purchases.
- The third option of where to buy gold bullion coins or bars is gold bullion mints. With the mints you can find the only recent gold bullion but at a considerable lower price than the dealers and local shops.
- The fourth option of where to buy gold bullion bars or coins is the internet web. Like most of the other things, now you can conveniently and practically buy gold bullion over the internet. Several dealers, local shops, organizations and companies have established their website and accept orders online. The only factor of consideration is that you have to be extra careful as there are several fraudulent sellers over the internet also.
- The fifth option of where to buy gold bullion coins and bars is gold bullion auctions. In gold bullion auctions, buyer bid against each other to buy the item for sale. This is a preferred method if you desire to buy rare and collectible gold bullion coins, rounds or bars.
Here some gold and silver bullion investing tips:
If you want to invest in gold and silver bullion $5,000 or less:
- two-thirds in 1-oz silver rounds or in US 90% junk silver coins;
- one-thirds in silver bullion bars (Engelhard silver bars and Johnson Matthey silver bars).
If you want to invest in gold and silver bullion $5,000 through $25,000
- one-thirds in 1-oz silver rounds or in US 90% junk silver coins;
- one-thirds in silver bullion bars (Engelhard silver bars and Johnson Matthey silver bars);
- one-thirds in 1-oz gold American Eagles or South African Krugerrands, or in Austrian 100 Coronas or Mexican 50 Pesos.
If you want to invest in gold and silver bullion $75,000 and over
- a quarter in 1-oz silver bullion rounds or in US 90% silver junk coins;
- a quarter in silver bullion bars (Engelhard silver bars and Johnson Matthey silver bars);
- half in 1-oz gold American Eagles or South African Krugerrands, or in Austrian 100 Coronas or Mexican 50 Pesos.