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How to Buy Gold Bars

Published by honor in category Precious Metal Information Guides on 05.07.2024
Gold price (XAU-GBP)
1,860.88 GBP/oz
  
- GBP0.06
Silver price (XAG-GBP)
22.50 GBP/oz
  
- GBP0.16

Investing in gold has long been a popular choice for those looking to secure their financial future. Gold bars, in particular, offer a tangible and reliable form of wealth that can withstand economic fluctuations.

Whether you’re a seasoned investor or a newcomer to the world of precious metals, this guide will walk you through everything you need to know about how to buy gold bars as a gold investment.

At Tavex, we make purchasing of gold bars simple and easy. Take a look at our selection of gold bars here. If you have any questions email us at tavex@tavexbullion.co.uk, or call us on +44 (0)20 4541 4145 to speak to our experts.

Additionally you can book a time to have a consultation either in person or on the phone here.

Understanding Gold Bars

Gold bars, also known as bullion, are precious metal products that are typically rectangular in shape and are valued based on their weight and purity. They come in various sizes and can be an excellent way to invest in physical gold.

There are two main types of gold bars: cast bars and minted bars.

  • Cast Bars: These are created by pouring molten gold into a mold. They tend to have a rougher, less uniform appearance.
250 gram Valcambi Suisse cast gold bar Preorder

250g Valcambi Suisse Cast Gold Bullion Bar

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We sell £15,294.46 14786.5 14786,50 14786.5 14786,50 14786.5 14786,50 15369.25 15369,25 15339.34 15339,34 15294.46 15294,46
We buy £14,786.50
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  • Minted Bars: These are cut from a solid piece of gold and then stamped with various designs. They usually have a more polished and uniform look.
10 gram PAMP gold bar depicts stunningly the Roman Goddess of Fortune In Stock

10g PAMP Fortuna Gold Bullion Bar

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Reasons to Invest in Gold Bars

1) Hedge Against Inflation

Gold is known for maintaining its value over time, making it a reliable hedge against inflation. When the purchasing power of paper currency declines, the value of gold often rises.

2) Long-term Value

Gold has been valued for thousands of years and is likely to continue holding its value in the future. It’s a stable investment that can be passed down through generations.

3) Diversification of Portfolio

Adding gold bars to your investment portfolio can reduce risk and increase stability. Gold often performs well when other investments, such as stocks or real estate, are underperforming.

Different Sizes and Weights of Gold Bars

Valcambi products

Gold bars come in a variety of sizes and weights to suit different investment needs.

These typically range from 1 gram to 10 grams and are more affordable for beginner investors. They’re also easier to sell when needed.

These bars range from 20 grams to, to 1 troy ounce, to 100 grams. They strike a balance between affordability and value, making them popular among regular investors.

Weighing 1 kilogram or more, these bars are often used by serious investors and institutions. They offer the best value in terms of cost per ounce but can be harder to liquidate quickly.

Purity and Quality of Gold Bars

Gold purity is measured in karats or fineness. Pure gold is 24 karats or 999.9 fine. It’s essential to understand these measures to ensure you’re getting high-quality gold.

Gold Purity Chart

Reputable gold bars come with hallmarks and certifications that verify their purity and authenticity. Look for bars from well-known refiners and mints that provide these guarantees.

How to Identify Reputable Gold Dealers

Reputable bullion dealers will have a track record of positive reviews and be transparent about their pricing and policies. Look for dealers accredited by industry organisations.

Take a look at our Trust Pilot reviews here.

Be cautious of dealers offering prices that seem too good to be true or those who lack verifiable credentials. High-pressure sales tactics are also a red flag.

Gold Bar Pricing

Gold prices are influenced by market demand, geopolitical stability, and economic conditions. Stay informed about these factors to time your purchases effectively.

The spot price is the current market price of gold, while premiums are additional costs added by dealers

These premiums cover production, distribution, and dealer margins. Additionally, the larger the gold bar the lower the premium. This could be something to consider when investing in this yellow metal to get the most for your money.

Storing Gold Bars Safely

home safe

A home safe can provide secure and convenient storage for small to medium-sized gold bars. Ensure the safe is fireproof and bolted to the floor.

Some banks offer safety deposit boxes for a fee. This option provides high security but limited accessibility.

For large investments, professional storage facilities offer maximum security. These facilities are often insured and climate-controlled.

Conclusion

Investing in gold bars can be a wise decision if done correctly. By understanding the various aspects of buying, storing, and selling gold, you can ensure your investment remains secure and profitable.

Buying and selling of gold bullion, including bars and coins, can be simple. Remember to do thorough research, buy from reputable dealers, and consider your storage and insurance options carefully.

Gold price (XAU-GBP)
1,860.88 GBP/oz
  
- GBP0.06
Silver price (XAG-GBP)
22.50 GBP/oz
  
- GBP0.16

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