Where can I buy gold and silver bars, coins and bullions?

Where can I buy gold and silver bars, coins and bullions? Exactly, what is a bullion? Is it like a coin?

I was wondering where online I can buy gold and silver bars and coins. Would I physically owned them? Or would they sit on a vault somewhere?

Also, how can I make sure that the gold or silver I buy is real and not fake?

Thanks.

Best Answer

When someone speaks of gold bullion they are reffering to the actual pure metal. Depending on the country, gold, when used in coins and jewelry has variable purity. But bullion is as pure gold as you can get. For instance, you cannot buy 24K gold in jewerly in the USA (only 18K I believe) but you can in Europe.

First you should ask yourself whether you want to buy physical gold and silver. Here are the drawbacks. You will pay a spread or increased price when you buy and you will have to sell at a discount when you sell. There are so many places to buy coins and bullion from but you will have to pay on average 5-10% to buy and sell each way. That is not good. And yes some places will store it in a vault for you for an additional fee.

You could also buy gold ETFs (GLD ticker). These are funds that sell at 1/10 the trading price of gold. They have ones for silver too. ETFs (Exchange Traded Funds) buy the actual gold (or silver) and store it in a vault. The great hing is you can buy and sell each day so your investment is liquid. If you have physical gold or silver it is not as liquid. Also, these metals are very volatile and are best traded--I buy when they sell off and sell when they have a big rally. But it%26#039;s not that simple. And if you really aren%26#039;t an experienced trader, you shouldn%26#039;t try to compete with professionals.

I would not buy gold or silver from eBay because they really do a bad job of policing fake merchandise and are actaully being sued by Tiffany%26#039;s (maybe other venders) for allowing fakes to be sold. And you can%26#039;t count on their guarantees of product authenticity. I have been screwed by eBay.

Before deciding what, how much and when you buy gold and silver you should have a good idea about investments and the economy. The best book I have read that explains things like no other is %26quot;America%26#039;s Financial Apocalypse.%26quot; You should probably get the Condensed edition. The last chapter is all about investments. Good luck mate! %26quot;America%26#039;s Financial Apocalypse: How to profit from the Next Great Depression%26quot;

Asker's Rating:: Thanks for the very detailed answer. I will check out the book you recommended.

Where can I buy gold and silver bars, coins and bullions?

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