While it's true that you can keep your gold at home, many investors prefer a custodian. Buying physical gold bars online is a fairly simple process. A common way to buy gold bars is through authorized online retailers. Look for gold bullion products on reputable retail websites, such as American Precious Metals Exchange (APMEX), JM Bullion, and Wholesale Coins Direct.
Select the gold bars you want to buy by weight, quantity and price. Yes, you can store your gold in your home (except for Gold IRAs). The question is if you would want to do it. Nothing beats the security of having your gold stored in a reputable depository, such as Brinks Global Services, which has warehouses across the country.
Gold exchange-traded funds (ETFs) and mutual funds are accounts that buy gold on behalf of an investor. The stocks that make up these funds represent a fixed amount of gold and can be bought and sold as shares. This is one of the best ways to invest in gold, as ETFs and mutual funds allow investors to work with gold, without having to deal with physical property costs (such as security or gold insurance). There are fees associated with buying and selling gold through ETFs or mutual funds, but they are often much lower compared to managing other assets.
If you come to the conclusion that more than one confidant may know that you own gold or think you may be a natural target, you may want to keep less gold in the house, or at least reconsider your home storage plan. The top online gold traders are trusted sellers offering everything from investment-grade bars, coins, collectible gold pieces, and more. On the contrary, business owners, such as a gold miner, can benefit not only from the increase in the price of gold, but also from the increased profits of the company. We interviewed Don Durrett, a longtime investor and author of the book “How to Invest in Gold and Silver”, to help answer the five most common questions about buying gold.
Gold futures are a good way to speculate on the rise (or fall) in the price of gold, and you could even receive physical delivery of gold, if you want, although physical delivery is not what motivates speculators. This is in contrast to business owners (such as a gold mining company), where the company can produce more gold and, therefore, more profits, which increases investment in that business. Although BGASC offers a full line of gold products, its main focus is to sell gold bullion coins. Since gold tends to perform well when the economy is in recession, most people buy gold as a type of financial insurance policy to hedge their bets against the value of the dollar in the market.
For this reason, plain gold bars tend to be a popular choice among investors looking for gold as a safe haven investment. From an investment perspective, investors who want to add the physical product that tracks the price of gold may want to avoid gold coins. Since most investors turn to gold to diversify their existing portfolios, a good rule of thumb is to keep around ten percent of their assets in gold investments. For those who prefer to keep their gold close to them, the ideal place to store gold is a safe well hidden at home.
This way of buying and selling gold is well known and often more convenient than gold bars because of their smaller size.