As an investor interested in silver and gold, you have questions. Where should you go to buy silver and gold, what form of silver and gold should you buy, how should you store your silver and gold investments, and how can you effectively use it as an investment? Gold is a precious metal that has been used by individuals and governments to store wealth for millennia. While it does have industrial uses, it has chiefly been used for ornamental purposes like jewelry, and stored in bar and coin form. Silver has a number of industrial applications, but is also a popular commodity investment.
If you plan on buying gold and silver as investment options, buy them as bullion coins or bars. Bullion coins are minted but their value is determined by the price of gold on the market, whereas collectible coins will have numismatic value affected by the collectible market, and jewelry is generally not worth as much as the value of the gold it’s made of (hence the rise of cash for gold jewelry businesses, which earn money by turning the gold into bullion).
Storage may become an issue if you’re buying physical silver bars – a substantial investment can take up a lot of space, more than you could store in a home safe. Storing physical precious metals with a gold dealer is a good idea, but there are a few things you want to know about storage before you go that route. First, find insured and audited storage, so that you know your silver and gold investments are safe. Second, get allocated storage, something offered by silver and gold dealer Silver Gold Bull. Allocated storage means that your gold and silver is stored separately, not together with anyone else’s property. Storage with the dealer is a great solution for gold investors who are worried about keeping it at home, but don’t want their silver and gold in the banking system.
Buying gold online rather in-store can save you money on the price over spot (that’s market value of the gold). All dealers charge a small premium, but due to the nature of brick-and-mortar stores, they charge higher premiums to cover their overhead. Few brick-and-mortar metal dealers can handle large purchases, too, and you may have to wait for them to source it if you’re buying bars. The largest inventory of gold and silver in Canada is owned by Silver Gold Bull, an online dealer that mails your purchase right away, or stores it in their own facilities if you prefer. Large purchases are mailed in installments and discreetly, with no indication of the contents. Plus, they are all insured and trackable – if you still have questions about shipping, stop by Silvergoldbull.ca for answers.
Physical silver and gold is a tangible asset that retains its value over time and provides peace of mind. Investing in gold can be an effective way to protect your wealth against inflation or diversify your RRSP or investment portfolio. If you’re a first-time gold buyer, find a gold dealer who will honestly answer your questions about buying, storing, selling, and insuring gold. Buying gold online is easy and safe with the right dealer.