When looking at gold, there are many options available for would-be investors to consider. While there are some general guidelines for you to keep in mind when researching, buying physical gold is a matter of exploring which options best suit your own needs.
Why Buy Gold?
There are many benefits to buying gold, especially in times of economic uncertainty, instability and when there is low confidence in the banking system. Holding physical gold bars and coins provides ultimate control over your own wealth and offers a timeless safeguard against financial crisis.
How Much Should I Pay?
The most important factor for you to consider when paying for gold is the spot price. The spot price is the current market value of gold, and is constantly fluctuating, so it is important to find the most up-to-date price possible. You can then use this to research which bullion dealer offers the lowest premiums.
What to Buy?
Most investors buy gold bullion with the intention to make a return on their investment.
Deciding to invest in bullion bars or bullion coins should take some consideration before making your decision on which to go for.
Bullion coins and bars offer the greatest flexibility, as your investment is easily stored, readily available and is easily separated into smaller units to release part of your investment as an when you may need it. Gold coins are available in a variety of sizes such as 1/10oz, 1/4oz, 1/2oz and 1oz. Popular gold coins include the British Gold Sovereign, Half Sovereign and Gold Britannia, these are perfect for investors due to their GCT free status.
Gold bars, especially the larger unit size bars, offer the greatest value when buying due to their larger unit size and lower manufacturing costs. If you are planning on keeping your gold for a long time with no plans to sell any part of your investment in the near future, then the larger gold bars could be ideal for you. The downside to this would be the lack of flexibility, as the investor is unable to release part of their investment to reinvest or for access to cash, and would have to sell their entire gold bar.
When to Buy?
The best time to buy gold is down to personal choice. Many people choose to buy gold whenever they can, whenever they have the money, in small regular quantities.
Keep an eye on the gold price. This price changes every two minutes and is able to dip by a few percent in a single day, meaning any time may be the perfect time for an investor to buy. However, some gold investors are often happy to buy during stable periods, it is all about choosing to buy gold at whatever time it feels right for you.
How to Sell?
It is very important to invest with a bullion dealer that has a transparent market for buying back your gold at a favourable rate.
As well as having a large selection of gold coin and bars for sale, Atkinsons Bullion & Coins also buy these items back. Prices do vary depending on the item, please see our ‘Sell to Us’ page for more details and to find out how much your gold bullion is worth.
Notes to Remember
If you want to protect yourself against financial uncertainties and take control of your own wealth, gold & silver bullion could be a sensible way to invest.
Ensure you do your research and buy from a reputable bullion dealer at a reasonable price, and making sure that the type of gold you choose to invest in correctly reflects your future goals.
If you have any questions or need any advice on investing in gold and silver bullion, our knowledgeable team are always pleased to help. Please call us on 01213550620 or email email@example.com.