Investing in gold is generally considered to be a wise choice. Gold is a cornerstone of any strong investment portfolio. The United States has more than $7.6 trillion in gold either circulating or deposited, and of course that’s not even accounting for gold worldwide. When buying gold online, it is important to consider many factors, such as the reputation of the seller, the amount you want to purchase, and what form of gold you are buying.
While many small investors start with gold coins, gold bars are standard for any larger investment. If you are in the market for gold bars, there are a few additional factors that you’ll want to consider.
Mint bars vs. cast bars
There are two kinds of gold bars: mint bars and cast bars. Mint bars go through several extra steps of refinement than cast bars. Apart from being aesthetically pleasing, they are often marked by the mint and are generally from reputable sellers. Cast bars don’t look as nice, but are generally less expensive than mint. With cast bars, take the extra step of ensuring that they are from a high quality seller.
Look for purity
The purest form of gold is 24 karat, and around 99% of the world’s processed gold is 24 karat. If any seller is throws out a number that is higher or lower than 24 karat, they are not reputable.
Storage and Security
There is a great advantage in having claim to physical gold rather than investing in stocks that carry more risk, however, you must consider how you will store and insure your gold bars. Try to find a seller that will store your gold in insure vaults.
If you do your research and keep a close watch on the financial landscape, gold is one of the smartest investments you can make.