Buy Gold

Why Buy Gold Online?

Throughout human history, gold has been one of the consistent standards for value. Its worth has outlasted every currency that has ever existed. Civilizations rose and fell while gold withstood the tide. In uncertain times, investors buy gold as a safety net. Demand for gold is always high and withstands dips in the economy. Indeed, gold value has historically moved completely independently of markets, stocks, and the demand for other types of products.

There is a reason that professional investors, banks, and governments all buy physical gold.

Buying gold is one of the smartest ways for a savvy investor to diversify their portfolio and protect themselves from market volatility. With today’s economic uncertainty, there’s never been a better time to create a nest egg of physical assets in case Wall Street falls off the metaphorical cliff.

How Do People Buy Physical Gold?

There are a few ways to buy physical gold. The most common options, however, are as bars and coins. The bars look exactly like what you’d expect if you’ve ever seen bullion in movies or on TV. Gold coins, meanwhile, are a currency that has existed since the metal was first discovered.

Gold Bars

Also known as gold bullion, gold bars are produced both privately and by various governments. They will range in size and can weigh anywhere from 1 to 400 ounces. Gold bars are most common in online transactions. When someone buys gold online, the bar usually carries a serial number, which can be useful for finding a gold bar in storage.

Because these bars are easy to form and do not carry complex designs, their cost is often less than their equivalent weight in coins. Spending less money on an asset is a definite advantage since you will be able to buy more of it. However, gold bars are not legal tender, so keep that in mind when purchasing them.

Gold Coins

These commonly range in size from 1g to 1kg. Coins have various pros and cons vs. gold bars.

On the pro side, coins usually have a face value and can be used as legal tender. Additionally, they are smaller than bars, which makes them easier to transport.

However, there is often a higher cost associated with coins since they often have intricate designs, and their production is more complex. Since they are legal tender, private mints do not create coins. Rather, they fall entirely under the purview of the government.

Gold Rounds

A variation on the gold coin is the gold round. They are the private mint equivalent of gold coins. While they often look like coins (and indeed, the production cost is similar), they cannot be used as legal tender. Because it is not the government that manufactures them, designers of gold rounds have full artistic freedom, which means some of these rounds can look truly stunning. If you’re looking at gold as a collector, this can be an option for you.