Important Information For Gold Buyers

Many people acquire assets in form of buildings. Unfortunately, a building is quite bulky and will also involve maintenance costs. Gold is one alternative through which you can store immense wealth without the issue of bulkiness. This aspect has made it quite popular for many people all over the world.

When Is The Best Time To Buy Gold?

If you're keen enough, you'll notice the key aspects that spur expert investors to buy gold. One such aspect is the periods of low interest rates. Gold presents a much safer option, compared to other investment options, during such periods. Moreover, investors can benefit from the inherently low opportunity cost of holding such an asset. This is because they won't lose out on other high yielding investment options.

Buying Gold

Investors can buy gold in form of bullion coins. You have two options of bullion coins, which are produced by the Royal Australian Mint:

- Proof bullion coins: This variety is sold directly by the Royal Australian Mint. It's typically sold in protective display cases and specially minted for collectors.

- Uncirculated bullion coins: This type is particularly intended for investment. Unlike proof bullion coins, uncirculated bullion coins are priced based on the prevailing market rates. You can buy these coins from major banks, brokerage firms, coin dealers, and precious metal dealers.

Helpful Advice

The U.S. Federal Trade Commission (FTC) provides a useful guide that investors should consider when buying gold:

(i) Before agreeing to buy any coin at a particular price, you should first find out what its melt value is. You can easily get such information from reliable sources.

(ii) Always seek advice from a trusted financial advisor who possesses specialized investment knowledge on the issue. You can also get valuable information from other investors.

(iii) You can always get a good deal by comparing the prices of various dealers. However, don't just focus on price, but also consider the dealer's reputation.

(iv) Make sure that you get an independent appraisal of the coins, since a seller may inflate his/ her appraisal.

(v) Just as building investments have related maintenance costs, so also will you need to factor in various costs related to investing in bullion coins. Such costs may include: buying insurance, buying a safe deposit box, or renting offsite storage for the safety of your bullion. Remember that such costs will affect the overall investment potential.

(vi) In some instances, particular sellers may claim to deliver your bullion to secured facilities, instead of handing it over to you. This is a tactic that unscrupulous sellers may use to sell metal that is of poor quality, doesn't have any insurance or doesn't even exist.

(vii) You should always be aware of the risks related with owning this type of investment. Hence, you should avoid sellers who try to minimize such risks or disregard them altogether, merely as simple formalities. Only reputable sellers will inform you of all the attendant risks associated with such an investment.

(viii) Just as you should avoid sales pitches that seek to undermine the risk of your investment, you should also avoid sales pitches that emphasize the urgency of such an investment. Making rash investment decisions can lead to losses.


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Abraham has been quite successful with his investments in bullion. His ideas can help you achieve similar success in your investments. Visit us at http://sellgoldsydney.com/ for more information on Sell Gold Sydney.