Investors often wonder what the best gold bar to buy is, where to buy the best gold bars, and much more. The process of acquiring these products is often lengthy and daunting. This is the guide’s focus – it offers everything you must know about purchasing gold bullion and choosing the perfect company to do so.
What Will I Learn?
- What Are Gold Bars?
- Why Are Gold Bars Popular Among Investors?
- Why You Should Buy Gold Bullion and Gold Coins
- Can You Store Your Gold Bar at Home?
- The Best Gold Dealers You Can Trust
- Best Manufacturers
- Picking the Best Gold Bar Size
- The Brand Matters
- Where to Buy Gold Bars
- Can You Buy Bars at a Bank?
- How to Choose the Best Bullion Gold Brand
What Are Gold Bars?
Gold bars, also known as gold bullion, are a type of gold that you can buy. Unlike assets such as stocks, bonds, or real estate, you can keep gold bars in a safe.
When you buy gold bars, you’re investing in a long-term commodity. Even though gold is not money, society has considered it a symbol of wealth for centuries. Consequently, it’s one of the most important precious metals you can acquire.
Why Are Gold Bars Popular Among Investors?
Gold bars are immensely famous among investors because their price is not as volatile. When you invest in stocks, bonds, or cryptocurrencies, for example, you risk the prices changing and losing money.
However, when you buy gold bars, the risk decreases a lot. There will always be some degree of risk, but with gold bullion, your money is probably safer.
Clearly, people who buy gold bars usually do it to save money or work on long-term projects. In other words, if you want to get earnings now, acquiring gold bullion is probably not the best idea because the prices don’t change as much.
Since gold prices are so stable, many people are interested in which gold bars to buy because they know that in the long run, it’s a fantastic investment opportunity.
Why You Should Buy Gold Bullion and Gold Coins
Buying gold bullion or gold coins is a fantastic way to put some money away and not have to worry about it losing value.
At the same time, many people buy gold coins or gold bullion when they are nearing retirement age because they want to guarantee that their money is still valuable years from now, especially if they have children.
Regardless of whether you buy a big Royal Canadian Mint or smaller gold bars, gold bullion, coins, and any other type of physical gold are fantastic investment alternatives.
Can You Store Your Gold Bar at Home?
Acquiring the best gold bars is not only about buying them but also about storing them in the right place.
You can technically store any gold bar at home. However, for many reasons, you shouldn’t do that. If you do, you risk someone breaking into your place and stealing your belongings.
Once you buy a gold bar, you should check the options you have to store it away in a safe place. On some occasions, you might be able to negotiate with your bank, so make sure to check all your options.
The Best Gold Dealers You Can Trust
Buying gold bars also requires you to know who to buy from. You should make intelligent choices, and when it comes to your investment portfolio, examining various alternatives before acting is often a good idea. Here are some trustworthy dealers you might want to talk to:
Money Metals Exchange
Many people believe that the best dealer to buy gold bars from is Money Metals Exchange. Overall, this company offers you low shipping costs, various options to choose from, fantastic customer service, and much more.
Money Metals Exchange gives you high-quality gold bars to buy, and it also offers you additional services and deals. You can, for example, get a prepackaged starter portfolio if you’re a beginner investor.
American Precious Metals Exchange (APMEX)
APMEX is the largest precious metal dealer worldwide. With this company, you can buy gold bars and silver bullion, sell gold, purchase other precious metals, etc.
American Precious Metals Exchange excels in its customer service and offers you an immense selection of products to choose from. With a fantastic reputation and years of experience, it’s probably one of the best companies to trust.
Another company you should examine is JM Bullion, which also offers attractive options to its customers.
If you want to buy a pure gold bar, you can do it with JM Bullion. At the same time, you can also purchase silver bullion and other types of physical gold at competitive prices, and you get low shipping costs.
Generally speaking, SD Bullion is often one of the best companies to go to if you want low prices. When you’re on a budget but still want to invest in the best gold bars, this is the site to go to.
SD Bullion has a solid online reputation, but that’s not the only benefit it offers you. This gold dealer also has low-cost direct storage and a low-price guarantee, and this is why it’s the ideal option for people without much money to invest.
Another gold dealer you should consider is BGASC, which stands for Buying Gold And Silver Coins. This company stands out for being one of the best to go to if you want to buy bars online.
Trusting online sites with something as precious as your investment money is daunting. However, this gold dealer is trustworthy, has a fantastic reputation, and offers great deals when buying gold and other precious metals.
Golden Eagle Coins
The last dealer on this list is Golden Eagle Coins, and this is a family business but now has thousands of positive reviews.
Even though Golden Eagle Coins started as a small business, it’s now one of the dealers to offer the best deals if you want to invest in precious metals.
With top-notch customer service and numerous options to choose from, this dealer definitely stands out from the competition. It now has more than 45 years of existence, so it’s one of the most reputable companies to trust.
Navigating through the world of gold bars can be a challenging process, especially if you don’t know which company can produce high-quality gold bars that are available at a great price.
Since finding the best gold bar brands is often complicated (particularly if you’re a beginner), the following list offers various options to choose from.
Numerous companies manufacture gold bars. In many ways, it’s about choosing which one you prefer among the different options. Here are some alternatives to consider:
PAMP Suisse Gold Bars
This brand is in Switzerland, and it has been manufacturing gold bars since the 70s. PAMP Suisse Gold Bars offers pure gold products, and it’s often a fantastic alternative if you want to buy high-quality coins and bars.
Royal Canadian Mint
The RCM or Royal Canadian Mint is a manufacturer from Canada. Unlike other alternatives, the Canadian government runs this manufacturer, which is why it’s no surprise that it offers so many fantastic deals.
Buying gold bars from the Royal Canadian Mint means you can get some of the most beautifully crafted products in the world.
Credit Suisse Gold Bars
When you look for manufacturers to buy physical gold, you might come across Credit Suisse Gold Bars, which is another famous manufacturer.
The national bank of Switzerland backs this manufacturer, and this is one of the reasons why Credit Suisse is so famous. Clearly, the other one is that it offers beautiful gold bars at a great price.
Valcambi Suisse Gold Bars
One of the most famous products in the gold market is Vacambi’s 50-gram gold bar. This manufacturer is also immensely popular because it offers unique alternatives, for instance, the previously mentioned bar and regular one-ounce bars.
Johnson Matthey Gold Bars
In this case, you can buy gold bars from one of the oldest manufacturers out there: Johnson Matthey. The company has been selling gold bars for more than 150 years, so it’s fair to say that it has a fantastic reputation and that it offers wonderful deals.
Perth Mint Gold Bars
Australia’s national mint is Perth Mint, which produces the country’s coinage. At the same time, it offers gold bars and coins to anyone who wants to invest.
Perth Mint stands out because it offers various options, and these are all certified to be pure gold.
Getting products from the Australian Perth Mint means you’re buying some of the most popular bullion investments you can add to your portfolio since this is a very reputable dealer.
Argor-Heraeus Gold Bars
This is another Swiss manufacturer. Argor-Heraeus offers bullion bars that are usually 99.99% pure. Additionally, its products come in a myriad of different sizes, for example, half an ounce, an ounce, or even a pound.
Ohio Precious Metals
Also known as OPM, Ohio Precious Metals is another immensely famous option for precious metals investors.
Ohio Precious Metals is America’s largest supplier of LBMA-approved bullion bars. With this option, you can acquire gold at low prices since the dealer’s price per ounce is usually lower than other alternatives.
Engelhard Gold Bars
This company has been around for over a century, and its home is also America. People who buy from Engelhard usually look for gold with odd shapes because the dealer’s products are usually unique, appealing, and eye-catching,
Another American brand you should look into is Sunshine Minting, which originated in Idaho. This dealer manufactures various precious metal products, including gold bars and silver bullion.
Buying gold bars from Sunshine Minting means that you get high-quality products. You get a few alternatives to choose from, which might be what you’re looking for if you’re unsure of what to buy.
The Arizona-based brand, Scottsdale Mint, is also a very popular example of a high-quality dealer to offer you top options when it comes to buying gold bars.
Gold bar brands like Scottsdale Mint are hard to find, particularly because this one offers unique security methods to keep your bullion safe. Its partner is Heraeus, and this makes both dealers sturdy options to consider.
Picking the Best Gold Bar Size
When you visit your local coin shop, the seller might offer gold bars, but you may not know how to choose the ones that fit your needs. There are numerous artistic precious metals products, but if you’re an investor, there’s much more to it than simply picking beautiful bullion.
You must choose the gold bar that fits your future needs. Thus, you should examine what you want before deciding.
If you constantly have needs that arise, you might want to acquire a one-ounce gold bar. However, if your net worth is higher, you can get larger bars, coins, and different products.
One of the first decisions you must consider is the size of the gold bar you’re going to buy. These products are available in various sizes, so you have to keep this in mind before buying.
You might be able to get products as small as a one-gram gold coin, and as large as a 50-gram bar. Central banks, exchanges, and important organizations often buy larger products, and overall, the bigger the bar, the smaller the premium.
Even though you might be tempted to buy the biggest gold bar you can afford after what was just mentioned, you shouldn’t do that. Most investors often act impulsively when they’re just getting started, but you should consider different factors before making your purchase.
Bigger bars don’t offer the same liquidity that smaller-sized bars do. If you’re planning on selling your products and getting a specific amount of money for that, you should get coins and small bars, which might be more profitable.
Buying a big gold bar means the premium is smaller, but you lose all the advantages you get when you acquire smaller ones. Therefore, consider all your options before spending any money, and if you need extra help, make sure to consult with a financial advisor to make the most convenient choice.
The Brand Matters
After reading the list of the best brands to offer gold products, there is no doubt that the brand matters a lot when you’re buying gold bullion. Remember: each dealer or manufacturer offers specific products, and these not only have different qualities but also distinct characteristics.
If you want to make sure that you buy the most convenient products for your investment portfolio, you should consider all the brands’ offers and determine which one is the most beneficial for you.
At first, this might be challenging, which is why getting expert help is sometimes the best idea. However, once you get used to it and learn how to differentiate between the products you should buy, the process will be much smoother, not to say more enjoyable.
Where to Buy Gold Bars
You can buy gold bars from dealers or manufacturers. On many occasions, people wrongly believe that you can acquire them in banks, but this is not the case at all.
Banks often don’t sell gold or precious metals products. Instead, these institutions buy them. Therefore, going to a bank to ask for gold is usually not the best decision you can make.
Another common mistake is to buy gold from someone random. This is a very reckless alternative because there is no way to know that what you’re getting is a high-quality product.
Overall, you should contact dealers and manufacturers when you want to buy gold bars and similar products, and before you do, checking their reputation online is often a good idea.
Can You Buy Bars at a Bank?
The previous section mentioned it – you can’t buy gold bars at a bank. Instead, some banks might offer you storage options if you want to keep your bars safe.
However, to know for sure, you have to contact your bank representative before you try to start the process.
How to Choose the Best Bullion Gold Brand
Choosing the best bullion brand is one of the essentials of guaranteeing that you buy top-quality products. Therefore, fine-tuning this process is imperative – you have to know how to pick between different dealers.
First of all, you should recognize the difference between dealers and manufacturers. Dealers are companies that sell gold bullion and similar products.
On the other hand, manufacturers actually make the products and sell them too. Therefore, most manufacturers are dealers, but dealers are not manufacturers.
Now that you understand that, go back to choosing the best gold bullion brand. One aspect you might want to keep in mind is whether or not the company has a good reputation. Fortunately, this is something that you can quickly find out by going online and searching its name on Google.
Once you find out if the company is a reputable dealer, you should check its products. This comes second because you might want to discard companies that have a poor reputation – you probably don’t want to risk buying anything there.
Each company offers specific products, and you might want to look into what you can get depending on the manufacturer you buy from. Some companies give you more options, whereas others focus on specific, unique offers. Therefore, you have to determine which one works for you.
Finally, contact the company and ask any questions you have. This is the perfect moment to voice your doubts and concerns, so make sure you tell everything to the manufacturer’s representative.
Buying gold bullion is often a big step for all investors. Therefore, you have to make sure that you choose the best products and brands. Now that you understand the basics of this process, get started and add this to your investment portfolio.