How to Buy Gold Bars for:

1. Understanding the gold market: Before deciding on purchasing gold bars, first familiarize yourself with the gold market. Follow market financial news and trends, understand what influences gold rates, read about gold investments in different articles, understand the potential risks, and learn how to get great gold deals.

Consider safe storage options;

You can decide to keep your gold in a safe deposit at home, but if it is in large quantities, you will need to keep it in a professional vault storage or bank deposits, and this comes with an extra storage fee. Therefore, all these need to be put into consideration for accurate budget planning.

Decide on the Bar Size 

Gold is manufactured and produced in different sizes and priced depending on those sizes; therefore, it is very crucial to know your budget plans and purchase depending on them.  Gold bars are commonly measured in grams and ounces, and the common sizes on the gold market include 1 gram, 10 grams, 1 ounce (approximately 31.1 grams), 100 grams, and 1 kilogram (approximately 32.15 ounces).  Potential investors prefer investing in 1 kilogram and more compared to other gold sizes because big bars usually come with low premiums.

Verify the Purity and Authenticity

Pure gold bars come with a purity level of 99.99%. go for gold bars with a face value usually hallmarked with 99.99 fine pure gold, stamped and accompanied by a certificate of authenticity. Authenticated gold bars also come with unique serial numbers labeled on them.

Understand the additional costs

such as the premium, an extra fee over the gold spot price covering manufacturing, distribution, and the dealer’s margin. And if you are purchasing it online, you should account for shipping and insurances, which ensure that your gold is protected while in transit to your destination.

Purchase; 

Now that you are ready to purchase, there are a variety of options through which you can acquire gold, and the top options are online gold dealers. Online dealers will offer you a wide selection of gold products at competitive market prices compared to other options. Local gold dealers help you to inspect the gold before buying it, but you are availed with a very small selection to choose from, making it very hard for you to make the right decisions. You can also buy gold from auctions and expos, but care should be taken as you are most likely to buy counterfeit gold bars.