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Investing in Gold and Silver Bullion in London: How to Navigate the Gold Market and Find the Best Deals

Published by Tavex Analysts in category Tavex News on 30.01.2023
Gold price (XAU-GBP)
2,072.80 GBP/oz
  
- GBP10.12
Silver price (XAG-GBP)
23.38 GBP/oz
  
- GBP0.55

Investing in gold and silver bullion is a smart financial move, as these precious metals hold their value well, even during economic downturns. For those looking to invest in bullion in London, understanding the market and knowing where to find the best deals can be crucial.

One important consideration when investing in bullion is the purity of the metal. Gold and silver bullion is typically sold in the form of bars and coins, and these bars and coins are graded based on their purity. The most common grades for gold bullion are .999 and .9999, with the latter being more pure, therefore containing more gold and due to containing more gold, more valuable. For silver bullion, the most common grade is .999 and the most common form of silver bullion are also bars and coins. When buying bullion, it’s important to check the purity of the bars you are considering, as this will affect their value.

Another important factor to consider when investing in bullion is the price. The price of bullion is determined by the spot price of gold and silver, which fluctuates based on supply and demand. To find the best deals on gold and silver bullion, it’s important to shop around and compare prices from different dealers. You can also check online resources such as the London Bullion Market Association (LBMA) for up-to-date spot prices.

When it comes to buying bullion in London, there are a variety of options available. One popular option is to buy bullion from a local gold dealer. Tavex Bullion is based in London and has a long history of bullion trading and can provide you with high-quality bullion at the best prices.

Another option to purchase gold is to buy bullion online. When buying online, it’s important to ensure that you are dealing with a reputable dealer. As mentioned before, Tavex Bullion boasts a rich history in bullion trading and offers top-notch bullion at competitive prices. It is also important to check the delivery and insurance options. All packages from Tavex are always fully insured and shipped immediately.

Here are a few key things to look for when investing in gold online:

  • Reputation: Look for online dealers with a good reputation in the industry. Check customer reviews, ratings, and industry awards to get a sense of the dealer’s track record. You can find reviews for Tavex here.
  • Product authenticity: Make sure the gold you are buying is genuine and of the purity level advertised. Check for any certifications or guarantees of authenticity provided by the dealer. You can make sure the dealer has direct supply of products due a partnership with the mints that produce the products they sell. If you wish to find out more about the mints and refineries that Tavex is partnered with here.
  • Pricing: Compare prices from multiple online dealers to ensure that you are getting a fair price for your purchase. It’s also important to keep in mind that the price of gold can fluctuate, so it’s a good idea to keep an eye on the current spot price. Tavex displays its premiums just next to the prices. Here is a quick guide on how to calculate the premium price yourself and you can read more here about calculating spread.
  • Payment options: Make sure the online dealer offers a secure method of payment, such as a credit card or wire transfer. Avoid paying with cash or personal checks to protect yourself from fraud.
  • Delivery: Understand the options for delivery of your gold. Some online dealers offer the option to store your gold in a professional storage facility, while others will ship it directly to you. For every order you make, Tavex promptly dispatches your parcel and does not store your assets in a safe.
  • Customer service: Make sure the online dealer has a responsive customer service team that can answer any questions you may have about your purchase.

In conclusion, investing in gold and silver bullion can be a smart financial move due to their tendency to hold their value well, even during economic downturns. For those looking to invest in bullion in London, it’s important to understand the market, know where to find the best deals and be mindful of the purity and price of the bullion. Whether you choose to buy from a dealer or online, it’s important to do your research, check the reputation and authenticity of the bullion, compare prices, and consider options for delivery and storage. By taking these steps, you can make an informed decision and invest in bullion with confidence.

PAMP Fortuna is a well-known and stunning Swiss investment gold bar Out of stock

100g PAMP Fortuna Gold Bullion Bar

6598.97 6598,97 6598.97 6598,97 6598.97 6598,97 6967.05 6967,05 6953.71 6953,71 6933.71 6933,71
We buy £6,598.97
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Gold price (XAU-GBP)
2,072.80 GBP/oz
  
- GBP10.12
Silver price (XAG-GBP)
23.38 GBP/oz
  
- GBP0.55

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