Investors looking to enjoy the touch, feel, and security of owning gold may wish to buy golꩵd bars 𒁃instead of intangible investments such as gold exchange-traded funds (ETFs).

Physical, investment-grade gold, also referred to as gold bullion, can be purchased at spot price through the best online gold dealers. The spot price is the price of unfabricated gold plus additional costs, which vary depending on the seller. One of the reasons many investors buy physical gold is 💜that it can be liquidated in the unlikely event of a total economic collapse.

Buying Gold Bars

Buying physical gold bars online is a relatively si🎶mple process. One common way to purchase gold bars is through licensed retailers online. Prospective buyers can browse gold bar products on reputable retail websites such as the American Precious Metals Excha𒉰nge (APMEX), JM Bullion, and Wholesale Coins Direct. You can choose gold by weight, quantity, and price.

When you receive the gold bars, it may be a good idea to keep the🐟m in their packaging to prevent scratches and store them in a home safe or safety deposit box. You will likely be responsible for paying for delivery fees and insurance.

In Person

Some investors prefer to buy gold from local dealerℱs, alไlowing them to inspect the gold and pay for it in cash physically. However, local dealers tend to have higher prices than online retailers while having a smaller selection.

Online

Online gold retailers can provide lower prices due to their higher volumes. On the downside, it requires more research to f🌟ind reputable dealers.

Online stores may also give discounts to customers who buy larger quantities. Certain retailers provide discounts for purchasing by credit card, while others do so for wire transfers, so be sure to chooꦅse the most cost-effective payment option.

You can also bid on gold bars on eBay and similar auction sites. When shopping for gold on the auction website, reviewing the seller's feedback i🌊s important. Look out for sellers with documented negative feedback on authenticity, exorbitant shipping and handling fees, and failure to deliver.

Gold-to-go ATMs are available to buy gold bars in cities like Las Vegas and Dubai. Consumers should be cautious and aware of gold's spot price because such ATMs sell the precious metal well above this price and above the prices of most other retailers.

Considerations When Buying Gold Bars

Storage

Potential investors should also consider how they plan to store their gold bars. While it is possible to keep gold bars in a safe at home, many investors prefer to keep their gold in a safe-deposit box or with a custodian. These services typically charge a fee but provide better securi♛ty than a home safe.

Insurance

If you choose to store gold at home, you should consider taking out an insurance policy. In the event of the🅺ft, flooding, or other disasters, you may be unable t🔯o retrieve your gold.

Purity

Investment-quality gold bars should be at least 99.5% (995) pure gold. The rest is an alloy, usually silver or copper♛, that makes smelting possible.

People who purchase gold bullion as an investment should only buy a bar with its manufacturer's name, weight, and purity, usually expressed as 99.99% sᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚtamped on its face. Popular mints that produce gold bars include the𒀰 Royal Canadian Mint, Perth Mint, and Valcambi.

Size

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 澳洲幸运5开奖号码历史查询:$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 bars that weigh 1 ounce, rather than one 10-ounce bar. They can sell the 1-ounce bars 𒉰one 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 gram gold bars, investors sometimes save up to buy bars of a more substantial size.

Aside from bars and coins, it is also possible to buy physical gold in the form of jewelry. Generally, gold jewelry tends to be sold at a significant price markup because of craftsmanship and retailer costs. For this reason, jewelry is not commonly seen as a strong method of investing in gold.

Gold Bars vs. Investing

Though all forms of pure gold have significant monetary value, not all investment-quality gold is equal. From an investment perspective, investors who want to add a physical product that tracks the price of gold may wis🅺h to avoid gold coins. These coins often 🌳feature attractive designs, have historical value, and contain a lower quantity of gold but still cost more due to their numismatic value.

In addition to costing more, gold coins sometimes skew the value of an 澳洲幸运5开奖号码历史查询:investor's portfolio. For example, the highly regarded American Eagle coin produced by 澳洲幸运5开奖号码历史查询:the U.S. Mint contains 91.67% gold but costs more than plain gold bars because of its value as a collector's piece.

Some investors may want collector's items, while others may wish for plain gold bars, which typically are the easiest to hold long-term and convert to cash. For this reason, plain gold bars tend to be a popular choice among investors seeking gold as a 澳洲幸运5开奖号码历史查询:safe haven investment.

However, gold bars do not produce dividen🤪ds or yields or provide a passive income. So while gold bars are likely to maintain their value over the long run, an investment in the S&P 500 typically returns about 7% per year.

If you're still looking for exposure to gold, you might consider indirect access to gold through investments in gold mining stocks, gold-focused ETFs or 澳洲幸运5开奖号码历史查询:mutual funds, or gold futures contracts. Each of these investments may be tied to the broader performance of gold but provide a way of dive✅ꦗrsifying a portfolio beyond physical bullion.

Comparing Gold Bar Sellers

When browsing the bullion market, investors should be aware of gold's spot price. 澳洲幸运5开奖号码历史查询:Finance websites that display 澳洲幸运5开奖号码历史查询:stock tickers usually display the daily price of gold.

Gold is relatively easy to buy, but prices vary significantly as sellers include their desired 澳洲幸运5开奖号码历史查询:profit margin plus additional costs such as authentication certifica♍tes, shipping and handling, and payment processing fees. A price comparison, including the different sellers' charges, is critical t🧸o getting the best price on gold bars.

What to Look for in a Seller

Gold bar buyers should review websites like the 澳洲幸运5开奖号码历史查询:Better Business Bureau and Ripoff Report to learn more about a gold seller’s reputation. In general, reputable gold sellers must disclose all the fees req🔜uired to close a transaction upfront.

Buyers in the U.S. should also do their due diligence before buying gold from sellers abroad. Even when the gold bars are authentic, seller charges may be excessive, and buyers might face issues clearing the gold through customs, depending on the quantity purchas🃏ed.

Investors should know that gold as a commodity tends to perform well during economic 澳洲幸运5开奖号码历史查询:recessions. During periods of economic tur💎moil, many investors may be inclined to look to gold as an investment opportunity. These are periods in which potential gold scammers may also be most ac☂tive.

The Bottom Line

While gold is a popular hedge against inflation, that doesn't always mean it's a good investment. Physical gold incurs large additional costs related to transportation and storage. Moreover, authenticating a gold bar can add to your transaction costs.

Investments in other types of precious metal bullion, such as silver, provide another means of🍸 diversification beyond💙 gold bars.