Where Do You Buy Gold Bars

Buying Gold Bullion Coins And Gold Bars

Civilizations have equated pure gold with gods, wealth, and immortality. For centuries, gold bullion has symbolized power and used as a storage of wealth. The fact that gold neither corrodes nor tarnishes not to mention the beauty of the precious metal made it suitable for deities and royalty in ancient civilizations. A gold standard was used as a monetary policy within and between nations but the world gold standard ended in 1976. The 1930s was the last time gold was used in minted coins designated for circulation. Historically, the value of gold was based on perceived rarity and its distinctive color.

Almost half of the new gold consumed each year is for jewelry, 40% is for investments and 10% for industrial purposes. The high malleability and conductivity of gold are characteristics that make gold used in many types of computerized devices. The precious metal is also used in tooth restoration, as an anti-inflammatory, and infrared shields.

Paper currencies have come and gone but gold remains in demand and has an inherent value. Gold bars, gold ingots, gold coins, and Investment Grade Coins are all popular ways to invest in the yellow metal.

Gold Bars Vs Gold Coins

When it’s time to start investing, you will decide whether to invest in coinage, bullion gold metal, or a little of both.

According to Forbes, both methods have pros and cons, but there are some important takeaways to consider when buying gold bars or coins.

How To Buy Gold Bullion Coins

Gold bullion coin price is based on the weight of the precious metal and the scarcity of the coin itself. The scarcity arises from the fact that once a mintage of a coin is done for a specific year there will never be another coin of that year produced. Minted coins also offer the guarantee that comes from a reputable mint like the U.S. Mint. Gold bullion coins are generally legal tender in the country that the coin was minted.

You May Like: How Does Goodrx Gold Work

A Note On Where To Buy Gold Bars

Almost ready to make your move? Where you choose to buy gold bars can impact the size, type, packaging, and price of the bars available to you. You can buy gold bars online, over the phone, or locallythough youll want to weigh the pros and cons of each option.

Shop with a local dealer and you could walk away with gold bars almost instantly. While instant gratification often feels satisfying, it can come at a price. Will you be able to comparison shop and evaluate all of your product and price options side-by-side? Comparison shopping over time and across products is one of the best ways to help decide where to buy gold bars.

Apart from gold bar prices, there are security concerns to take into account, too. How far do you want to travel with real, physical gold in your vehicle? How far do you live from the nearest reputable gold company? How far will you need to carry your gold bars to get them in and out of your vehicleand are you capable of doing so?

Holding a one-kilogram gold bar feels about the same as holding a liter of water. You can carry one liter of water. But lets say you buy 10 gold bars. Are you ready to carry the equivalent of 10 liters of water from a local gold dealer to your car, then into your home or storage location? Even if you dont break a sweat, do you feel comfortable carrying all of those gold bars safely?

Gold Bar Storage In A 3rd Party Non

You can elect to deliver and enjoy third party gold bar storage safely and securely with Kitcos Allocated Storage Program.

Kitco offers multiple non-bank gold vault options all of which are fully insured, segregated, and would have your allocated gold bars recorded as your direct property at all times.

Our top-tier gold vault network includes some of the most secure gold storage facilities located in Canada, Hong Kong, the United States , and the Cayman Islands .

Keep your physical gold bullion bar purchases safe outside of the banking and financial systems with our Gold Storage Solutions.

Also Check: How Much Is 1 Oz Of 24 Karat Gold Worth

Increase Your Wealth With Precious Metals

• Store Directory

United States Gold Bureau is a private distributor of Gold, Silver & Platinum coins from the U.S. Mint and is not affiliated with the U.S. Government. Information on this website is intended for educational purposes only and is not to be used as investment advice or a recommendation to buy, sell, or trade any asset that requires a licensed broker. As with all investments there is risk and the past performance of a particular asset class does not guarantee any future performance. The United States Gold Bureau, principals, and representatives do not guarantee to clients that they will realize a profit or guarantee that losses may not be incurred as a result of following its coin collecting recommendations, or upon liquidation of coins bought from the United States Gold Bureau. All content and images are owned by USGB and may not be reproduced without written authorization.

Gold Bars Raise The Bar For Investors

Gold bars are a valuable addition to investment portfolios that can help protect wealth for the future. Gold bars are sometimes referred to as gold ingots or gold bullion. A bar is shaped from refined metallic gold. Find out why buying bars in gold bullion are one of the most coveted types of precious metals for investors.

Read Also: How Do You Clean Gold

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:

Choose A Gold Company

One of the smartest ways to ensure you’re getting the best gold bar at the best price is to buy from a reputable gold company that puts your needs first. How do know if you’re dealing with a reputable company? Look for

• Third party ratings and a long history of client reviews.As the Federal Trade Commission advises, Check out the seller by entering the company’s name in a search engine online. Read about other people’s experiences with the company. Reputable, established gold companies can show that they have a long history of great service. Many also have the highest ratings from consumer advocate groups like the Better Business Bureau and the Business Consumer Alliance.
• A focus on education.A company that prides itself on client education won’t rush you into making a purchase that’s not right for you. We specialize in educating customers not only on the gold industry, but the type of portfolios they can use to protect their , said U.S. Money Reserve’s CEO Angela Koch in an interview on Enterprise Radio.

Sign up to receive U.S. Money Reserve’s free Gold Information Kit to learn everything you need to know before purchasing precious metals. Explore special offers, discover diversification strategies, and dive into U.S. Money Reserve’s exclusive precious metals guidebook. This expertly prepared tool is our gift to you!

Also Check: What To Do With Old Gold Jewelry

How Do You Find The Best Deal

For starters? It pays to be aware of the latest bullion prices. Check out the bullion price tickers for up-to-the-moment gold spot prices. Knowing the current price of gold will help you get a better idea of what a fair price is for gold bars.

Use these prices as a baseline gauge, so youre aware of where the market stands when youre ready to buy gold, but dont go into the bullion marketplace expecting to pay spot price.

Buying precious metals always means that you will pay a nominal amount over the spot price. In the industry it’s called a premium or mark-up. Fair market value for a gold bar varies, but you can expect to pay anywhere from 2% to 5% over spot at a minimum.

This is mainly due to refining costs, distribution costs, andof coursea minimal amount going to the gold bar dealer or bullion broker to cover their overhead operating expenses. Those thin margins over spot are still better than the relatively higher premiums over spot you could expect to pay for gold coins .

Royal Canadian Mint gold bar

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.

You May Like: Is Kendra Scott Jewelry Real Gold

Frequently Asked Questions About Buying Gold In Canada

• How do I store my gold?

  Once youve purchased your gold, youll also need to find a safe place to store it. There are several options to consider, including the following:
• Bullion dealers. Many gold dealers will also offer a storage service where you can keep your gold bars or coins for a fee, so ask about the storage options available when you make your purchase.
• Safety deposit boxes. You can rent a safety deposit box at a bank to securely store your gold bullion.
• Secure vault storage. For high-level security, you may want to research vault storage companies near you and the storage options they offer.
• At home. You can also choose to store your gold at home. This obviously may not be as secure as some other options, so you may want to get a home safe installed. Youll also need to update your home and contents insurance to make sure your precious metal is covered by your policy .

Disclaimer:

Things To Avoid Before Buying Gold

Many newcomers make common mistakes when buying gold. They think that buying gold bars or coins is protection all by itself.

However, like any other investment, there are risks to consider.

1. Choosing a company that won’t help you sell the gold as needed. You should have the full right to sell the precious metals you own, and maybe even transport it.

2. No strategy in investing. Only buying gold and storing it might not be enough.

3. Working with a company that has a poor reputation. Some of these unscrupulous companies use fear-mongering/pushy behavior to get you to buy.

You May Like: How To Invest In Gold Stocks

Where Can I Buy Gold Bars Online

Bullionjoy is a reliable supplier of gold bars with a huge selection of the best value gold bars online. We stock small and big bars and PAMP, Umicore, Perth Mint, and Metalor, among other manufacturers. Take advantage of low prices and price breaks on large orders today by browsing the gold bars for sale on this website.

You can track the price of gold, on our real-time charts which provide live data and historical information on market changes. Our gold price chart makes it simple to compare the current metal prices to those from the past.

Buy Gold Coins And Gold Bars From Mints Around The Globe

Gold is the only investment that has been used to preserve wealth for centuries. Precious metals like gold help to diversify financial portfolios to help protect your hard-earned assets against the volatility and fluctuations of a global economy. A balanced portfolio incorporates precious metals like gold.

Add stability to your financial future by purchasing gold bullion or investment grade coins. Take physical possession of your investment and easily store it in your home. The United States Gold Bureau offers gold bars and coins and is the home to the Ed Moy Signature Series Gold American Eagle PF 70 and Gold American Buffalo PF 70 investment grade coins. We also offer gold coins from mints around the world like the Canadian Maple Leaf, the Australian Gold Kangaroo, and the South African Gold Krugerrand.

Specific investments in gold can be included in a self-directed IRA. There is specific paperwork to be completed when acquiring precious metals to be included as part of an official IRA or 401K retirement account. Please contact our Retirement Services Division at 800-775-3504 to learn more about this opportunity.

You May Like: How Much Are Golden Goose Shoes

Get To Know More About The Fineness Of Gold

Beyond weight and the manufacturer, the purity of the gold makes a difference in its value. A scale of millesimal fineness is used to determine gold that is almost pure. Many fine gold pieces are labeled .9999, which means they contain 99.99 percent gold. Since 100 percent purity is practically impossible to achieve, the highest level of purity on the market is .99999. This is often used to make certain circulated gold coins for sale. For minted products, the most common fineness is .9999. The next category is 995, which is the minimum amount permissible in a Good Delivery gold bar. A Good Delivery gold bar is the standard 400-troy-ounce gold bar held as gold reserves by central banks and traded among bullion dealers. Because fine gold is so soft, it is not used for everyday products such as jewelry. It is reserved for investment purposes to use in gold bullion bars and coins. Fine gold has little or no impurities.

Easy To Handle And Store

Like their smaller 1 oz counterparts, 10 oz gold bars are easy to handle and store due to the fact that, despite their massive value, their size is quite small. Ten oz gold bars are able to fit just about anywhere safely and securely. Many people are under the impression that in order to invest in precious metals it is a requirement to own a vault or lock box, though such is not the case. So long as you have a small, safe place set aside in your residence, your gold bars will be just as safe as they would be in a lock box.

Don’t Miss: What Was The Price Of Gold 20 Years Ago

Common Weights Of Gold Bars

The most common weights purchased by investors are 1 Troy oz and 10 Troy oz bars. 1 Kilogram bars are also popular among gold buyers because the weight combined with the singularity of a product offers a better value when you consider the cost of gold per ounce in that singular 1 Kilogram bar. However, gold bars are popularly offered in a wide range of weights that surpasses the variety of any other precious metal product. Youll find gold bars for sale in the following weights:

• 1/2 Gram
• 500 Grams

Why Buy Gold Bars From Kitco Metals

When considering where to buy gold online or locally, find gold bar dealers who promptly deliver quality gold bars and gold bullion at fair and reasonable prices. We have been working in the gold bullion industry for over 40 years and seen many local and online gold bar dealers come and go.

Since 1977, Kitco has been buying and selling gold and other precious metal bullion. We are the worlds #1 Gold News website and a trusted online bullion and gold bar dealer.

You May Like: Is The Price Of Gold And Silver Up Or Down