Gold has been a valuable commodity for thousands of years, and has been used as a form of currency and a store of value. In today's volatile market, buyers are turning to gold as a way to diversify their portfolios and protect their assets. If you're considering buying physical gold, it's important to understand the different types of gold bullion available, and to know how to buy gold bars with confidence.
Gold bullion refers to any form of gold that is valued by its weight and purity, rather than its face value. This includes gold coins, gold rounds, and gold bars. Gold bullion is typically bought and sold for investment purposes, rather than for collecting or numismatic value.
Gold coins are a popular form of gold bullion, and come in a variety of sizes and designs. The most popular gold coins include the American Gold Eagle, Canadian Gold Maple Leaf, and South African Krugerrand. Gold coins are generally sold at a premium above the current spot price of gold, which can vary depending on the coin's rarity, condition, and historical significance.
Gold rounds are similar to gold coins, but are not considered legal tender and do not have a face value. They are typically sold in smaller sizes than gold coins, and can be purchased for a lower premium above the spot price of gold. Gold rounds may be produced by private mints, and may have unique designs or themes.
Gold bars are the most cost-effective way to purchase large quantities of gold bullion. They are typically sold in sizes ranging from 1 gram to 1 kilogram, and may be produced by government mints or private refiners. Gold bars are valued based on their weight and purity, and may be stamped with a serial number and the manufacturer's logo.
Gold has historically been seen as a safe-haven asset that can protect buyers from market volatility and economic uncertainty. Because gold is not tied to any particular currency or government, it can provide a hedge against inflation and other economic risks.
Buying gold can help diversify your portfolio, reducing your overall risk by spreading your investments across multiple asset classes. This can help to protect you from market downturns in any one particular asset class.
Gold has historically been a hedge against inflation, which can erode the value of traditional paper currencies over time. By holding gold, buyers can protect themselves against the effects of inflation and preserve their purchasing power over the long-term.
When buying gold bars, it's important to consider the purity of the gold. The most common purity levels for gold bars are 99.9% and 99.99%. The higher the purity level, the more valuable the gold bar will be. Be sure to check the purity level of any gold bars you're considering purchasing.
Gold bars are typically sold at a premium above the spot price of gold, which can vary depending on the size of the bar, the manufacturer, and the demand for gold at the time of purchase. Be sure to shop around and compare prices from multiple dealers before making a purchase.
Before buying gold bars, consider your long-term investment goals. Do you plan to hold onto the gold for a few years, or are you looking to pass it down to future generations? Consider the size of the bars you're purchasing, as well as the purity level and overall quality.
Once you've purchased your gold bars, it's important to think about how you will store and protect them. Some options for secure storage include safe deposit boxes at a bank, home safes, or professional storage facilities. Be sure to research the options available and choose the one that best meets your needs and budget.
Are you tired of the traditional, outdated process of purchasing gold that involves long wait times for shipping, expensive storage fees, and inconvenient selling processes? With Matador, you can easily buy gold straight from your smartphone, starting with a minimum purchase of just 1g. Rest assured that your gold is kept safe and secure at the Royal Canadian Mint, or can be shipped directly to your doorstep with just a click of a button.
Our network of certified gold vaults and trusted Canadian partners ensures that all transactions meet the highest standards of quality and security. Whether you're an experienced buyer or just starting to build your portfolio and buying gold bars, Matador is the perfect solution for hassle-free gold buying. Join our waitlist now or download the app.