All About Fashion: How to Buy Gold Bars

Steps

1
Decide how much money to invest in gold.
- Examine your accounts and determine a good percentage to invest. Weigh your other investments as well; it isn't good to invest all your money in one form. If you plan to invest 10 percent of all your money, for example, invest only 1 to 2 percent in gold.
2
Figure out where you will store the gold once purchased.
- Consult your bank ahead of time to ensure the ability to store gold bars at your bank's location. Ask the highest weight allowed for safe deposit boxes and the cost of purchasing insurance for various gold bar weights.
- Purchase a fire safe for your home and choose a hiding spot.
3
Choose a type of gold bar to buy.
- Kilo gold bars weigh 1000 grams, or 32.15 troy ounces. This bar is the most traded of all gold bars because of its low premium and convenient size. It is typically much too expensive for a regular person to invest in; kilo gold bars are traded by investors and owned by governments.
- 10-ounce gold bars are named for their weight and are typically bought in large quantities by investors. 10-ounce gold bars can be difficult to liquidate.
- 1-ounce gold bars are a very popular form in which to buy gold. 1-ounce gold coins and 1-ounce gold bars are different in shape, but also gold bars are much cheaper than gold coins. 1-ounce gold bars take up less space than coins, too.
- Gold biscuits with stamped images are mostly novelty items with different designs based on the country from which you purchased the gold.
4
Research gold extensively.
- Know the price of gold on a daily basis and try to understand the fluctuations of the market.
5
Find a dealer.
- Search the Internet for online dealers.
- Scout out a local gold dealer by browsing the white pages.
- Shop around to different dealers to determine whose prices are the best.
6
Buy the gold.
- Pay with check or money order when buying gold bars. Save your receipt and ask about t he dealer's return policy.
7

Store your gold safely.