Gold has been a valuable commodity for many centuries. Its value continues to rise, even though it has a few hiccups along the way and will likely continue to grow as it’s predicted to become more and more scarce. This article is aimed at those people who are newer to gold investing and is intended to provide some knowledge about different types of gold bullion bars that can be purchased, where they can be bought from, what kind of metal these bars contain and how much metal is contained in each bar, and also to provide some tips on what to look out for when buying gold. You will notice that this article includes a lot of information, but that’s because gold investing is quite complex. It’s essential not to take all of the information in this article as the absolute gospel that you have to believe 100%.
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Novice Guide For Gold Investing
1. Find the Best Online Gold Bullion Store
The first thing to do when investing in gold is to look for a reputable online gold bullion store that you can trust. The best place to start is with the American Gold Bullion Association (AGA). When you are buying from one of these bullion dealers, you have many benefits that come with it. First of all, once you sign up, you will receive a membership kit in the post containing your membership certificate, your shiny new gold card for discounts on purchases, and lots more. The kit also includes a list of verified dealers that are members of the AGA. After you have decided on one of these dealers to buy from, you are ready to continue on step two. If you need the help of a company, we already mentioned American Hartford Gold. There’s plenty of American Hartford Gold reviews that you can look into before making a decision.
2. Find the Best Type of Gold Bar
Many different types of gold bars are available to buy. These days, the most common gold bars on the market are Gold Bullion Bars, Gold Cast Bars, Gold Ingot Bars, and Gold Diamond-Shaped Bars. You can buy gold bars in a variety of sizes. The sizes tend to vary from as little as 1 gram up to 100 ounces (which is 31.1Kg). You can buy in 1 gram increments, and they go up to a 100-ounce bar. Gold bars can be purchased this way because you don’t have to buy a whole ounce; you can buy more than one gram and less than an ounce, which is convenient if you’re starting and do not know how much you will want/need.
3. Validity of the Dealer’s Business
The gold bullion dealers that are members of the AGA should be able to prove that their business is valid by providing you with a certificate of good standing. This certificate can be shown to anyone asking where you got your gold. Sometimes, it may be necessary to establish this certificate, for example, when having your gold checked at customs when traveling by plane. It’s also not a bad idea to research the company on google before you buy. There are many reputable companies out there, and if you choose the wrong type of company, then there is a possibility that they may not be able to provide you with the gold bullion you requested. The website may show that they have a proven track record, but this doesn’t always mean that the business is legitimate. Remember a company like Onegold can surely help you out. Just like American Hartford Gold, there’s plenty of Onegold reviews that you can take a look at before making a final decision.
4. How Much Gold Is Contained In The Bars?
When you purchase a gold bar from any dealer, their gold bars are guaranteed to have a certain percentage of fine gold to the total weight of the gold bar. The percentages vary from dealer to dealer and even from 1 gram up to 100 ounces. The chart below shows approximate percentages.
5. How Much Gold Is Contained In The Bars?
The most common type of gold bullion bars is gold bars that are stamped with the “London Good Delivery” mark and have a guaranteed weight per gram of fine gold. These bars tend to be slightly more expensive than the other metal bullion bars discussed in this article, but they are also more reliable than the made-up-of-base-metals ones. The weight per gram of London Good Delivery gold bars can be found on the stamping on the bar, which is stamped with the engraving “Good Delivery” and has a crown over a ledger.
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6. What Type Of Metal Are The Bars Made Of?
The bars are made of pure fine gold, which means they contain no base metals such as silver or nickel. However, these bars can contain certain other metals along with gold. It is demonstrated in the chart below; you can see that bars marked The London Standard Good Delivery Bar are made up of 95% pure gold and 4% other metals.
Because there are many different types of gold bars, this article will not go into detail about all of those types. Instead, this article will focus on the most popular styles: Gold Bullion Bars and Gold Ingot Bars. Gold bars are similar to gold bullion bars in that they have a stamp with a crown over the “LGS” mark and a number to identify where it was stamped. However, these are not registered to any gold bullion dealer for legal or tax purposes. These bars can be used in other industries than just precious metals, such as jewelry or electronics craftsmanship.