Buy gold jewelry or buy gold?
In times of economic crisis, gold buying is very popular. A person who wants to invest his money in gold, often does not know how to do it in practice. What actions should be taken to buy gold?
Buy gold, how and where?
There are three simple steps to buy gold.
• Determine how much money you want to spend and what item you want to buy (coins, bars or jewelry); then contact a bullion dealer, a bank, a jewelry or search the Internet, where there are gold stocks and know how high the gold price is. Then compare the prices with each other.
• Place an order. In larger banks, gold can be ordered and delivered easily online. You can also order online at various gold bullion dealers. It is also possible to buy gold at fairs or on eBay, but the risk of counterfeiting is present.
Several Items Of Gold
To invest in gold, you can buy the best gold bars, coins or jewelry. The gold price is denominated in US dollars. Gold is measured in terms of ‘troy ounce’, a unit of weight is used in the US for measuring the weight of gold. One troy ounce is equivalent to 31,103 grams.
Gold bars are available in different weights ranging from a gram to a kilogram. In the market, it comes in bars that weigh 250 grams, 500 grams and 1000 grams. Gold bars contain 99.99% pure gold including a signed certificate.
Gold coins are all over the world and they are traded as investment items by governments. You can buy the gold coins in different weights, one-tenth ounce, quarter ounce, half-ounce or a full troy ounce.
Gold jewelry you should be quite familiar with the weight, the gold content and value. It is wise to buy it from specialized business, which has been issued a certificate.
Where the gold can be stored?
The purchased gold can be stored in a relatively safe and inexpensive manner in a bank vault. This takes you to the condition that the gold is insured and also provided supporting documents. Of course, the purchased gold can also be stored at home in a safe with the risk of theft.
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