Is It Safe To Buy Gold Bars Online
It is safe to buy gold online from Texas Precious Metals because our credibility is untarnished:
- We are a subsidiary of Kaspar Companies, a South Texas company that has been continuously operating since 1898.
- TPM has processed more than half a billion dollars in client transactions since 2011.
- These transactions represent more than 42,000 orders to all 50 states.
- We have sold more than 300,000 troy ounces of gold and 10 million ounces of silver .
- In 2014, TPM was recognized as the No. 1 fastest growing Aggie-owned or Aggie-led business in the world by Texas A& M University.
- Since 2015, we have been the No. 1 seller of precious metals coins on Amazon.com.
- In 2015, Inc. Magazine named TPM the No. 200 Fastest Growing Private Company in America.
While few people may have aurophobia , it is safe to say that many more have a reasonable fear of losing their gold. It is also quite understandable that some might worry about getting scammed by counterfeiters when purchasing precious metal products online. That is why Texas Precious Metals goes to extreme measures to ensure that all orders are carefully and expertly fulfilled. Some of the processes we undertake to guarantee your sale include:
Buy Gold In Workable Sizes
Gold bar buyers should consider the ease with which they can liquidate the bars as part of the buying process.
For example, if gold is selling at $1,400 per ounce and an investor has $14,000 with which to buy gold bullion, they will usually have an easier time selling the gold down the road if they buy 10 one-ounce bars rather than one 10-ounce bar. They can sell the one-ounce bars one at a time as needed, while they might have a harder time finding a buyer for the 10-ounce bar if they need to sell quickly.
Conversely, considering the tiny size of one-gram gold bars, investors sometimes save up to buy bars of a more substantial size.
Q: How Big Is A Gold Bar
A: Gold bars may look big in pictures, but theyre relatively small in size. Heres a rundown:
- A 1-oz. gold bar from the Perth Mint is about 0.95 inches wide, 1.65 inches long, and 0.08 inches thick.
- A 10-oz. gold bar from the Perth Mint is about 1.46 inches long, 2.28 inches long, and 0.35 inches thick.
- A 1-kilo gold bar from the Perth Mint is about 1.58 inches wide, 3.15 inches long, and 0.71 inches thick.
- The standard gold bar, the type youd find at Fort Knox, is about 7 inches wide, 3.63 inches long, and 1.75 inches thick.
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Best Gold Bars To Buy
Whether youre new to the gold market or not, conducting research to find out which are the best gold bars to buy is a smart way of improving your chances of investment success. In this guide, well be covering some of the key questions surrounding investments in gold bars to help you decide which of the many bullion products available is the best option for you.
Hallmarks and stamping
When youre looking for the best gold bars to buy, one of the key things youll need to look out for is recognised hallmarks and stamping. They signify quality and mean youre getting a pure gold bar from a reputable supplier.
Pure investment gold bars should be stamped with their weight, purity, refiner and registration number.
The easiest way to ensure youre buying a top-quality pure gold bar is to choose a brand that is widely recognised.
These are some of the best and most trusted brands:
Price of a gold bar
With prices starting from around £60 for a 1g gold bar and rising to upwards of £45,000 for a 1kg bar, there are plenty of options for both small and large investors looking for the best gold bars to buy.
The Gold Bullion Co. offers real-time pricing based on the gold fix price from the London bullion market, which is set twice a day and is determined by specialists from 12 global banks, including Barclays, Goldman Sachs and UBS.
View our how to buy guide for more information on pricing and investment options.
Selling gold bars
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Q: How Much Does A Gold Bar Weigh
A: A standard gold bar is pretty heavy. It weighs about 400 ounces, or 27.5 pounds. Thats the type of gold bar stored at Fort Knox. Its about the size of a regular brick.
However, the kind of gold bar you would buy for your portfolio doesnt weigh that much. For instance:
- A 1-oz. gold bar weighs 1.097 ounces . Thats about the weight of a slice of bread.
- A 10-oz. gold bar weighs 10.97 ounces . Thats about the weight of a grapefruit.
- A 1-kilo gold bar weighs a little over 2.2 pounds. Thats about the weight of 1 liter of water.
Oldest Gold Assaying Ceremonies
One of the worlds oldest gold assaying ceremonies happens in the United Kingdoms annual Trial of the Pyx, which is a yearly process for assaying both cupronickel circulation coins and bullion products produced by the Royal Mint.
It tests not only coin and bullion product purity levels, but also honesty of measurements and guarantees made. Below is a short video documenting the ceremony and the reasons for its existence.
Gold Assay at the Trial of the Pyx
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The Advantages Of Buying Gold Bars
Tip: Youll get more ounces for your money with bars than coins.
The primary reason investors choose a gold bar is that its less expensive than a gold coin. Premiums are lower because coins have a more intricate design and thus greater labor and machining costs. Coins may be prettier, but youll pay extra for that appeal. The other advantage of gold bars is that theyre easier to store. A gold bar takes up less space than the same number of ounces of coins. In fact, bars were originally designed specifically for ease of storage.
Buying gold bars doesnt compromise any of the core advantages of gold: theyre portable, private, liquid, and will last forever.
Choose The Size And Type Of Gold Bar
Gold bars are produced in various sizes and are available at many price points. Choose from bars ranging from 1 ounce to 1 kilo, depending on your budget, personal preferences, storage capabilities, and holding strategy.
Size and price
The market value of a gold bar is almost entirely based on its weight in gold. A bar’s price closely follows the spot price of gold, i.e. the price at which you could buy one ounce of gold right now as opposed to some date in the future.
In general, the larger the bar is, the greater the price. What amount of your wealth would you like to safeguard with gold? With this number in mind, you can narrow your options down to only bars that fall into your price range. Note that a bars final purchase price will vary slightly from the spot price of gold depending on the current market supply and demand, as well as local, national, and global economic conditions.
Minted vs. cast
Apart from the bars size, you also have different types of bars to choose from, typically minted and cast. Minted gold bars are hand cut or punched from a large flat piece of gold and are often produced with glossy finishes and artistic designs . Minted bars, depending on their size and refiner, can be packaged in sealed assay cards that provide details about the bar’s authenticity and protect its condition.
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Choosing A Silver Bar Mint Or Brand
As you begin to shop, youll quickly find out that there are a lot of different refiners in the silver market. The main guideline here is to buy silver bars that are made by a reputable refiner. So whats a reputable brand?
To begin with, all reputable refiners will have proper stamping. You should see this information on any silver bar you consider buying:
Content or weight Purity Refinery Serial number
There are some private mints in the world that dont include all of this information, which could mean its not a pure silver bar or has low quality. You can avoid these problems and assure that your silver is real by buying a bar with proper stamping.
Without these markings, a silver bar will likely be harder to sell. A buyer may demand an assay. Or they may not be willing to buy it at all.
Here’s a list of the most reputable mints in the world, including both sovereign and private mints.
Another good indication youre buying a quality bar is if its eligible for IRAs. That signifies it is a reputable brand and meets quality standards. There are silver bars that are ineligible for IRA that are high quality too, so dont automatically assume its lower quality if its not IRA eligible.
The easiest way to avoid getting ripped off is to buy a well-known and established brand.
Investing With 1/2 Gram Bullion Bars
World markets and economies are perpetually changing. Geopolitical tensions and crises are a recurring theme, and one that investors should prepare for. One of the most important lessons of the 2008 financial crisis is that Wall Street is peddling diversity, but a bankers idea of a well diversified portfolio contains nothing but securities. These stocks, bonds and mutual funds all carry counter-party risk and can collapse in value especially during times of crisis.
Genuine diversification means owning some tangible assets, and not just securities. Yet most investors are not properly protected, especially in their retirement accounts.
It is time to consider holding 1/2-gram gold bars and other physical bullion products inside a Gold IRA. Precious metals have a track record of preserving wealth through inflation and crisis which extends back thousands of years. Banks and brokerages come and go. Companies and sometimes even governments go bankrupt and collapse. Valuable gold and silver endure.
A Precious Metal IRA is self-directed, meaning the IRA holder calls the shots. They can hold a wide range of assets in addition to the usual menu of Wall Street approved stocks, bonds and mutual funds. It is possible to own bullion, real estate and shares of privately held companies for example.
If you own gold inside a Precious Metals IRA and decide to sell it, the profits from the sales are tax-deferred. The tax advantages and rules are just like those governing conventional IRAs.
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Why Buy Gold Bullion
Gold has been the most coveted precious metal in the world since antiquity, for it is relatively scarce and impossible to create without nuclear reactions and prohibitive expense it is also easily identifiable, malleable, and untarnishable.
The top three reasons people buy gold:
- to stabilize investment portfolios
- to ensure indestructible purchasing power
- to collect heirloom-quality assets
These properties make gold a preferred monetary metal and have ensured its place as a symbol of wealth and power, as well as a guarantee for the value of currencies, for centuries.
Golds stable purchasing power and durable value makes it a strategic asset in a diversified investment portfolio. Many investors are drawn to gold’s role as a hedge against systemic risk, inflation, and volatile stock market fluctuations. Historically, gold has improved the risk-adjusted returns of portfolios, reducing losses, and provided liquidity to meet liabilities in times of market stress.
Gold is not only useful in periods of higher uncertainty or economic downturn. Scarcity has ensured that gold’s long-term returns have been comparable to stocks and higher than bonds or commodities in fact, its price has increased by an average of 10% per year since 1971, when gold began to be freely traded following the collapse of the Bretton Woods agreement.
Silver Bars Are Less Expensive Than Silver Coins
Why? Premiums are lower because coins have more intricate designs and thus greater labor and machining costs. Coins may be prettier, but you pay extra for that appeal.
Here is an example of the difference in premium between silver Eagle coins and top brand silver bars. You can see that bars are decidedly cheaper. Their premiums are half or even a third of what youll pay for Eagle coins.
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Investing In Gold Bullion For A Sipp
The 2006 Financial Act made it possible for individuals to buy physical gold bars within their pensions or Self-Invested Personal Pensions and benefit from up to 45% income tax relief. This act has allowed hundreds of UK pension savers to purchase physical gold within their SIPPs at a very low cost.
Its The Perfect Time To Buy Silver
The only countries that continue to warehouse silver are the United States, Mexico, and India. Other governments dont have silver inventories. Silver is in limited supply.
Whats more, according to a World Silver Survey 2017 report, the production of silver across the globe fell by 0.6 percent in 2016, which is the lowest volume for silver mining since 1996.
Another interesting fact emerging from this report is that the US governments silver inventories are down by as much as 73%. One chief reason for this decline is that the silver market price fell in 2011. Consequently, over the next few years, miners scrambled to cut costs so that mines could still turn a profit.
Today, the demand for silver is higher than ever before because silver plays an important role in industrial applications and silver jewelry plays a significant cultural role in countries with rising populations.
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Buy Your First Gold Bar
The advantages of buying gold bars are numerous. When youre ready, browse gold bars online and call 1-844-307-1589 to receive a free one-on-one consultation regarding your overall financial goals. Experienced Account Executives are standing by to answer your questions and help you choose the right gold bars and coins for your portfolio!
What Are Current Gold Bar Prices
Although precious metal products prices fluctuate with the commodities market every 20 seconds, it is independent from the stock market and other money markets nevertheless, stock market shifts, inflation, and elevated recession indicators can affect gold prices.
Gold bar prices depend upon:
- the current gold spot price
- your sellers premium
- world economic climate and geopolitical conditions
- federal monetary policy
- size: larger gold bullion bars have a lower premium per troy ounce than smaller gold bars
Federal monetary policy and the global economic climate affect gold prices the most but elections and geopolitical volatility periodically influence precious metal price fluctuations, as well.
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Sits Outside The Banking System
Something to bear in mind when investing in this type of gold bullion is that moving and liquidating large gold bars to extract their value can take a bit more time. However, it can also be the ideal type of investment, depending on your requirements. This is something our consultants can help you decide.
How To Buy Gold Coinswithout Seeing Them With Your Eye
It is a compulsion for us to touch and feel the weight of a gold coin before purchasing it as if that would ascertain its purity and weight. Online dealers enlist the size, weight, and purity of the gold coin along with its real image that you can zoom into and check. You will also get an image of the actual product you will receive, complete with the assay package.
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Reason For Assaying Precious Metals
Because purity is essential in gold and silver coins or bullion, as well as in platinum and palladium pieces, assaying is likewise essential. The main reason for assaying precious metals is to make sure they meet the standards put forth by the mint, or the requirements necessary for a particular coin or bar. As in the Trial of the Pyx, which is a ceremonial process for assaying still used in the Royal Mint, the procedure goes far back in history. It tested not only purity, but also honesty.
Where To Buy Silver Bars
Silver bars can be bought in numerous places
The best strategy here is to buy your silver bars from a reputable dealer. A trustworthy dealer provides sound education, helps you avoid pitfalls, and most importantly, sells high-quality products.
How do you know if youre dealing with a reputable bullion seller? Look for these things
If youre new, try comparing three dealers. Be sure to compare total costcommission, credit card or bank wire fees, and shipping and insurance. And keep in mind that cost isnt the only factor when buying silver bars: ease of ordering, delivery promptness, customer service, and buyback policies are all important to consider in where you shop.
One effective method for first-timers is to buy from two different dealers, so you can compare service, delivery, and cost. It also provides you with two vetted sources for future purchases.
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