If you want to
invest in gold you've probably wondered which form of gold bullion to buy:
coins or bars. The coins vs. bars debate is an ongoing one. Some believe that
it boils down to personal choice but the truth is: if you want to pay the
lowest price per ounce, gold bars are a sensible choice. Coins may be
attractive and if you are buying gold because you want to start a coin
collection or add to one that would matter. The attractiveness of gold coin,
the intricate designs and fancy packaging comes at a price.
As you look for where to buy gold bullion
Brisbane consider this:
·
Gold bars have lower premiums than gold
coins. You get more ounce for your money
than you would with gold coins.
·
Gold bars are easier to store. A 1kg
gold bar would take up less space than the same number of kilograms of coins.
·
Gold bars are portable, liquid and will
last forever.
Gold Bar Brands
Matter
It's important
to buy gold bars with recognized hallmarks. These hallmarks are a guaranty that
you are getting high quality gold bars from reputable mints. A high quality,
reputable god bar should have stamps showing its weight, purity name of
refiner, and a registration number. These marketing are important. If you buy
gold bars without recognized hallmarks or bars from private mints, you won't know
what you are buying. It will be a hassle to sell these later without having
them assayed.
Tip: Look for
hallmarks listed in the LMBA's Good Delivery Bars list
The LBMA (London Bullion Market Association)
plays a big role in the bullion markets. LBMA certified or Good Delivery status
is given to companies that meet the strict standards set by the London Bullion
Market Association. The association is the base for some of therichest gold
traders in the world, including refiners, investment funds and banks. The LBMA
has been regulating the bullion market since 1980. They set the purity
standards..So as you go about looking at Where
to Buy Gold Bullion Brisbane on the internet, start by looking for dealers
who are on the Good Delivery list.
Look for a buyer
who has plenty of positive feedback and who is not pushy, is generally worth
considering. Perhaps the best indication of a reputable buyer is their
willingness to educate you about investing in gold. You should go with a buyer
who is not push you to make a purchase without considering your needs.
How can you tell
that you are dealing with a reputable dealer? There are a couple of things you
can look out for:
#1. Look out for
the Trustpilot logo and give preference to dealers with the most experience. By
all means, look at the reviews but more important note the number of repeat
customers - this is an indication of a good experience. Pushy sales people will
try and sell you the most expensive gold bars.
#2. Look at the
variety and volume of gold products they sell. Dealers that have larger volumes
are flexible and they usually carry a wide selection of products. Small dealers
may have a limited selection of products and they may not be able to handle
large orders. Find out about their shipping and delivery times. Buyers who
cannot deliver within 4 days of your payment should be avoided.
#3. Choose a
dealer with a buyback policy. It is helpful for the dealer to be around when
you do need to sell. You won't go
through the tedious process of assaying since he would be the dealer who sold
you the gold to begin with.
#4. Choose a
dealer with multiple forms of payment. Cash is and always be king. Cheque or bank
transfer should be fine. Keep in mind that your gold can only be shipped or
collected once your payment has been received and cleared.
