Common Bullion Investment Questions Answered

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Gold has long been the very foundation of wealth and in these uncertain times we are going through, many private investors are turning to the safety of gold. Making any investment requires some serious research and with that in mind, here are the answers to common questions regarding the acquisition of gold bullion.

Common Bullion Investment Questions Answered

Q: What exactly is bullion?

A: The term bullion relates to gold that is at least 90-99.5% pure and when buying gold bullion, start with a Google search to find the offices of a reputable gold bullion dealer and make an appointment to carry out the transaction in comfort.

Q: What is the karat?

A: The karat is to grade the purity of the gold, it defines the ratio of pure gold and alloy metals. The karat uses a measurement from 0-24, with 24k being pure gold. Jewellery typically uses 9-18k, which is harder than pure gold. Most gold bars are 99.9% and there is a stamp on the ingot. In Asian cultures, only 24k gold is used to make jewellery and this enables a person to realise cash, as all gold shops accept 24k gold.

Q: Is it better to buy gold bullion or gold coins?

A: That is a difficult question to answer. Many private investors hold known gold coins like the American Eagle, the American Buffalo, the Great Britain Britannica and the Canadian Maple Leaf. You can buy one ounce and half-ounce gold coins and one of the reasons gold coins are popular as a form of investment is you can start a collection. There are many gold coins minted in the world and all can be acquired from the gold bullion dealer. Online platforms like Goldcore are really helpful if one wants to invest in gold or silver.

Q: What is the safest way to buy gold bullion?

A: The safest way to acquire gold bullion is to visit registered gold bullion dealers Adelaide or your city has and take physical possession of the precious metal. While gold dealers would use documentation for convenience, we do not advise you to part with your money until you have possession of the asset. Once you have the gold, you can store it in a concealed safe at home or rent a safety deposit box in a local bank, whichever you prefer. You can check daily for the spot price of gold using the Internet and should you ever wish to make a quick sale or purchase, the website of a leading bullion dealer is easily found.

Q: Should I invest in platinum?

A:This is a precious metal that is used extensively in many industries and the best time to invest in platinum is during an economic downturn, as the demand for platinum drops slightly. Of course, much like gold, you should carry out some research into long-term precious metal investment. The spot price of platinum can fluctuate a lot more than gold or silver, so be aware of that.

If you are holding currency or stocks, now is the right time to switch to gold bullion, which has performed well since the pandemic arrived in 2019 and with a Google search, you can locate the offices of an established gold bullion dealer and make an appointment for the acquisition.

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