Gold Bullion Bars - A Safe Investment?
Owning gold bullion bars is considered a good way of securing wealth and financial stability especially in times when financial stability is at high risk. Economic downturns may hurt mining stocks, mutual funds, ETFs and other forms of indirect investment. However, if you personally own a bullion bar, your asset is safe and secure. You can simply find the right time to sell it. Several investors resort to investing in gold bullion bars or ingots when economic crisis is forthcoming. It is a real and concrete asset which many consider as a hedge when the need arises.
Do you want to invest in gold bullion bars? You may be wondering how you can acquire this form of precious commodity. Here are possible sources where you can purchase gold bullion ingots or slabs.
You can acquire gold bullion bars from banks. This way, you are sure of the quality, purity and weight of the bullion bar you are buying. Unlike coins and jewelry, gold bullion bar prices depend on spot price solely. Spot price is the value on which the actual market prices of gold are based. It varies from day to day, depending on several factors. Since prices of this type of precious commodity depend on spot price, you do not have to worry about devaluation as in the case of gold jewelry. The downside, however, of buying gold bullion bars from banks is that they charge additional premium over market price, usually ranging from 10 to 12%.
Storage programs. Due to the risks of theft, you may also want to consider the acquisition of bullion bars from companies that also offer safe-keeping programs. It is an added expense to secure and handle your bullion bars should you wish to buy and keep them. Several companies can sell you gold bullion bars and offer to secure them for additional storage fees. In this type of acquisition, there is a required minimum and the storage fees are annually collected. Thus, this is good for long-term investments. These companies are advertising online, and you may want to check the rates first before you avail.
You need to take precaution in all transactions involving gold bullion bars since there are several reports of fraudulent activity related to this form of gold. The most common case is the intrusion of tungsten metal within the bullion which takes account of most of the bar's weight. The gold simply comprises the outer layer, making the bar appear like pure gold. Knowledge and research is always your best protection against scamming. You have to deal with banks and companies that have a good reputation in the gold investment industry.
Do you want to invest in gold bullion bars? You may be wondering how you can acquire this form of precious commodity. Here are possible sources where you can purchase gold bullion ingots or slabs.
You can acquire gold bullion bars from banks. This way, you are sure of the quality, purity and weight of the bullion bar you are buying. Unlike coins and jewelry, gold bullion bar prices depend on spot price solely. Spot price is the value on which the actual market prices of gold are based. It varies from day to day, depending on several factors. Since prices of this type of precious commodity depend on spot price, you do not have to worry about devaluation as in the case of gold jewelry. The downside, however, of buying gold bullion bars from banks is that they charge additional premium over market price, usually ranging from 10 to 12%.
Storage programs. Due to the risks of theft, you may also want to consider the acquisition of bullion bars from companies that also offer safe-keeping programs. It is an added expense to secure and handle your bullion bars should you wish to buy and keep them. Several companies can sell you gold bullion bars and offer to secure them for additional storage fees. In this type of acquisition, there is a required minimum and the storage fees are annually collected. Thus, this is good for long-term investments. These companies are advertising online, and you may want to check the rates first before you avail.
You need to take precaution in all transactions involving gold bullion bars since there are several reports of fraudulent activity related to this form of gold. The most common case is the intrusion of tungsten metal within the bullion which takes account of most of the bar's weight. The gold simply comprises the outer layer, making the bar appear like pure gold. Knowledge and research is always your best protection against scamming. You have to deal with banks and companies that have a good reputation in the gold investment industry.