This is a good time to invest in gold. Statistics show that the global gold bullion market stood at 47.06 billion USD in 2021, with experts predicting its growth to around 104.68 billion USD by 2028. Experts predict its value to rise significantly in 2022 itself.
You can invest in gold by buying coins, bullion (bars with high purity), and jewelry. However, before purchasing them, you should ensure their purity level. Since gold is a significant investment, you should conduct thorough research to determine the gold’s purity beforehand.
Gold bullion is one of the best choices for investment. If you’ve traded in this metal before, it’s a term you would be familiar with. It refers to pure gold and silver with a purity of at least 99.5%, manufactured as bars or minted into coins for investment.
Bullion bars are generally large, heavy, and highly refined. It’s an excellent way to buy gold, especially when storing it in a secure metal locking facility.
What are some reasons to invest in gold bullion, and why is it best to do so with an online dealer? Read on to know.
Why are gold bars such a good investment?
Buying gold in bars or bullion is one of the best investment decisions you can make.
Low premium charges
Gold bars have low premium charges compared to other metals like silver. The low premium costs are attributable to the mining and refining costs, which are much lesser with gold than silver.
They are tangible
Another advantage that gold bars enjoy is that of tangibility. Unlike paper assets like credit cards or brokerage accounts, these are immune to erasing, hacking, or other similar fraudulent practices. These are the easiest to hold on to for long periods and quickly convert into cash during financial emergencies.
Enjoy a high liquidity
Gold bullion bars enjoy high liquidity, making it easier for you to sell them through a reputed and trustworthy online dealer. The selling process with these is much faster than with assets like stocks, which require at least three business days before you receive their cash value in your brokerage or securities account.
It helps hedge your stocks
If you want to protect your investments in the stock market, investing in gold is a good idea. By their very nature, stock markets are incredibly volatile and subject to constant fluctuations, putting your stocks at continual risk of crashing.
However, investing in gold is an effective way to hedge your stock market investments. Hedging is a financial process that helps you minimize the risk of one asset by buying another.
When stock prices fall, gold costs rise automatically, increasing even when the share market collapses completely. Gold guarantees an increase in value when other assets don’t, which is a significant advantage.
Reason to invest online through dealers
The best and safest way to buy Scottsdale gold online or bars made by any other company is through an online dealer. You can be sure of getting investment-grade bullion with a purity of 99.99%.
Because of their years of experience, they can offer you valuable advice with buying, selling, storing and investing in bullion. You can choose from multiple buying options, including website, email, telephone, or visiting the Public Trading Office.
Most of all, they offer you a highly secure vault and storage facility. You can choose from various storage options, including pool-allocated and private storage. They also charge reasonable storage fees, calculated as a percentage of your bullion’s total value.
Gold investment has many advantages, including tangibility, high liquidity, hedging, and low premium. The safest investment method is through an online dealer, as they provide security, offer various options and make the process extremely convenient.