How to Buy Gold
To attempt to mitigate potential risks associated with individual investment portfolio components, investors may choose to diversify their assets. Within each of the four key investment classes - cash, securities, real estate and tangible assets - one should look critically at the trends and risks inherent to each. Monex account representatives are ready to discuss the potential benefits of gold bullion and how to buy physical gold today.
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Buying Physical Gold Bullion Bars & Coins
Buying gold bullion bars can be an effective method to acquire physical gold at a relatively low cost per troy-ounce. Bars are available in a variety of sizes ranging from a standard 1-troy ounce to 400-ounces. Gold ingots are generally pure gold, with an industry standard minimum fineness of .995 fine, ensuring the highest quality, purity and clarity. Gold bullion bar prices include a small premium to cover manufacturing costs.
A popular alternative, gold bullion coins are easy to buy, hold, divide and trade. They are issued by government mints and are legal tender in the country in which they are produced; and thus, the coins' face value, metal purity and content are guaranteed. Most modern gold bullion coins contain exactly one-ounce, half-ounce, quarter-ounce or tenth-ounce of pure gold, while older issues contain other fractional amounts.
Where to Buy Gold
As with any investment, knowing the background and legitimacy of the gold dealer you are investing with is of the utmost importance. Established dealers offer gold bars that are produced by recognized manufacturers and refiners. However, investors should expect to pay an assay fee when selling or buying gold bullion through a dealer to ensure the purity and authenticity of the asset. These assay checks determine the legitimacy of the metal, assuring the safety of both parties. With billions of dollars in transaction volume, a sizable buy-and-sell market, high quality gold bullion products and consistently competitive prices, Monex remains a preferred source for buying gold.
Call a Monex Account Representative at 800-444-8317 to discuss how to buy gold today. Our Account Representatives are well-versed in the forms of gold bullion investing, and are eager to help investors begin the process of buying physical gold.
Monex account representatives are available between 5:30 a.m. and 4:30 p.m. Pacific time each Monday through Friday (except national holidays) and on many weekends.
(which are 22 karat, or .9167 in fineness and contain 10% copper) are: