How to buy physical gold

Julie Brownlee, Fsp Invest, 11 Sep. 2015

Tags: gold, physical gold, how to buy physical gold, buying gold, how to buy gold,



Having a small portion of your investment portfolio in gold is a form of insurance. It’s there to protect you against chaos on the financial markets.

When markets go awry, gold tends to perform. This helps to offset the losses you’ll experience in other parts of your portfolio.

So if you want to add physical gold to your portfolio, how can you do it?

Read on to find out…



The choices you have investing in physical gold


Buying coins or bars is the oldest and most direct way that you can own gold.

The main thing to consider when buying physical gold is how you’re going to store it. You need to keep it safe.

If you own a small amount of physical gold, a good quality safe somewhere inconspicuous at home may be enough. Buying a good quality safe can be costly, but it’s worth the investment.

If you have a larger holding, you may want to pay someone to keep it for you, such as your bank. But this also comes with its costs.

If you opt to keep it at home, ensure that it’s listed on your home insurance. This way if something does happen to it, you’re covered.


What type of physical gold to buy?


You could opt to invest in coins like Kruger rands or, if you require larger holdings, bars are a better option.

Kruger rands comes in a variety of different sizes as do gold bars.

When buying physical gold, you want to ensure you’re paying as close to the spot price as possible. Anything between 3% and 6% over the spot price is acceptable, Keith Fitzgerald in Money Morning US explains. Any more than this is too much.

Stick to established dealers when buying your coins and bars.

So there you have it. How to buy physical gold.

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