How to Buy Gold the Cheapest Way
Throughout history, buying gold has often been one of the smartest ways of carrying out an investment. By buying gold, you can secure your wealth amidst the monetary fluctuations in the economy. If you would like to start an investment in gold, continue reading in order to discover how to buy gold the cheapest way.
Here’s how to buy gold the cheapest way
Before we divulge tips on how to buy gold the cheapest way, the first thing that we would like you to know is that the price of gold changes daily and that it is the same for everyone. The reason why gold behaves this way is that it is an independent kind of business. In other words, the gold business is not controlled by specific monetary policies of different countries. Rather, the progression or digression of its price is controlled by the forces of demand and supply. Now that it is clear that the gold price is the same everywhere, is there a way of how to buy gold the cheapest way? Well, it is possible, depending on the type of gold purchase you make and the returns that accrue from the investments. There are three places from where you can buy gold at the moment: from goldmines in Africa, online stores, banks, gold companies and jewellery stores. More so, this gold comes in different presentations with varying degrees of purity which range from 10, 14, 18, 22, and 24 karat gold. That said, here are the ways of how to buy gold the cheapest way:
- Buy gold from remote locations in Africa
- Another way of how to buy gold the cheapest way is to buy scrap gold
- Buy cheap gold from online stores
- Gold exchange traded funds(ETFs)
- Buy gold bars
- Gold is cheaper when you buy in bulk
Over the last two decades, many gold investors have been buying gold from the Democratic Republic of Congo, Uganda, Tanzania, Rwanda and Kenya. Not only is the gold in these locations cheap, but you can also buy the precious metal at prices that are slightly below what is charged at the international gold markets. If you would like to access this gold, then you should consider travelling to the locations mentioned above. However, you can also buy this gold online. There are many gold companies operating in the East African region while selling gold online as well. So, if you have been searching for tips on how to buy gold the cheapest way, then you should consider going to East Africa, or buying online.
Investing in scrap gold jewelry is another of those popular ways to start an investment in gold. The reason why this type of gold investment is recommended is that it doesn’t attract high risks. In addition, first-time investors in gold are encouraged to adopt this method, as it doesn’t create losses. If you are a saver who wants to protect their money from monetary devaluations, learn how to buy gold the cheapest way by investing in scrap gold jewelry. There are many ways to source cheap gold jewelry. To begin with, you can contact your friends and family and find out if they have some gold jewelry that they would like to resale. Secondly, you can place advertisements on newspapers, social networks, or commercial media, in which you communicate to people that you are a scrap gold buyer.
Nowadays, there are retail gold sellers that operate gold businesses online. In the past, gold investors were limited by choice. Only high grammage gold bars were tendered for sale online. This meant that only investors who had a lot of money were the ones who could buy. However, nowadays, it is possible to buy gold bars whose range is between 1 gram and 100 grams. Through network marketing, you can acquire this gold, without spending huge sums of money. Online gold sellers store their gold in secure vaults and locations. As an online buyer, you can contact these traders and buy gold cheaply, and quickly. Want to know how to buy gold the cheapest way? Contact us for details.
Another way how to buy gold the cheapest way is to invest in the gold ETFs. If your priority is the price, without considering owning the physical gold, then the ETFs are what you should invest in. Investors buy and sell these funds in the same way stocks are sold and bought. Actually, many ETFS are backed with real gold.
Buying gold bars is another way of how to buy gold the cheapest way, while also serving as a form of gold investment. Gold bars come in many sizes and weights. You can find them in ounces, grams, and the hefty kilogram bars. In East Africa, for example, there are many private mints that make gold bars. Some are in the Democratic Republic of Congo. Kampala alone has over 19 gold refineries that make gold bars. The existence of many of such establishments has resulted in competition, meaning you can get cheaper prices. Actually, when you buy East African gold that is not stamped, you save a lot of money.
The more gold you buy, the lower its price per ounce. Many investors who want to buy bulk gold often do so from the Democratic republic of Congo. Some travel to Kampala, Nairobi and Darussalam for this gold. With some gold sellers supplying up to 50 kilograms on a weekly basis, this could be the best way of how to buy gold the cheapest way.
Would you like to start an investment in gold?
If so, then you should partner with us. We are East Africa’s leading supplier of gold bars, gold coins, raw physical gold, and gold dust. If your purpose is to invest in physical gold, then you should consider buying from us. You can physically come to our physical shops in Nairobi, Kampala, Darussalam, and Kigali. However, you also have the option of buying this gold online. Feel free to get in touch with us in order to learn more about how to buy gold the cheapest way from Africa.