A Complete Guide on how to invest in Physical Gold: Buy, Store and Secure Gold

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Investing in physical gold has been a popular choice for centuries due to its stability and ability to hold value during uncertain times. For those new on how to invest in physical gold, the process can seem overwhelming. In this guide, we provide a comprehensive overview of the benefits of physical gold and a step-by-step guide on how to buy, store, and secure your investment.

How to Buy Physical Gold: A Step-by-Step Guide

Determine your investment goals:

Before buying physical gold, consider your investment goals and the amount of risk you are willing to take if you want to learn how to invest in physical gold like a professional investor.

Research reputable dealers

Look for a reputable dealer that has a good reputation online with verified reviews, always keep in mind that when buying gold and the dealer asks several questions it is mainly for added security and not to divulge private information.

Down below we have a special section that includes where and how you can buy physical gold from the best dealers online.

Decide on the type of gold: 

There are several types of physical gold available, including coins, bars, and jewelry. Consider the size and price of each option and choose the type that best meets your investment goals.

Types of Physical Gold

Gold Coins: 

Popular gold coins include the American Eagle, Canadian Maple Leaf, and South African Krugerrand.

Gold Bars: 

Bullion bars come in a variety of weights and sizes and are a cost-effective option for larger investments.

Gold Jewelry:

While not recommended as a primary investment, gold jewelry can have added value and can be sold in times of need.

CoinsEasy to trade, widely recognized, and come with certificationsMore expensive than bars due to added production costs
BarsCost-effective option for larger investmentsNot as widely recognized as coins and may be harder to sell
JewelryMay have added value and can be sold in times of needNot recommended as a primary investment due to the added costs of production and design

Verify the authenticity of the gold: 

If you want to fully learn how to invest in physical gold, keep in mind that before making a purchase, you have to make sure to verify the authenticity and weight of the gold.

Store the gold safely: 

Keep your physical gold in a secure location, such as a safe deposit box or a home safe, there are many people who underestimate this part of bullion investing but when it comes to learning how to invest in physical gold correctly, one must definitely not overlook this aspect of the investment process.

Where to Buy Gold Online: Short Comparison of the Best Online Gold Dealers

In recent years, buying gold online has become an increasingly popular option for investors. By purchasing gold online, you can enjoy greater convenience, lower costs, and a wider selection of products than you would find in a physical store. In this section, we’ll compare some of the best online gold dealers to help you determine which one is right for you.

Online Gold DealerProsCons
BullionVaultWide selection of gold bars and coins, competitive pricing, secure storage optionsHigher fees than some other online dealers
Money Metals ExchangeLarge inventory of gold coins, low premiums, easy-to-use websiteLimited selection of gold bars
APMEXExtensive selection of gold bars and coins, competitive pricing, secure storage optionsHigher fees than some other online dealers

Each of these online gold dealers offers its own unique advantages, so it’s important to carefully consider your investment goals and preferences when choosing one. For example, if you’re looking for a wide selection of gold bars and coins, BullionVault or APMEX might be the right choice for you. If you’re looking for low premiums and a large inventory of gold coins, Money Metals Exchange could be a great option.

How to Store and Secure Your Physical Gold Investment

Choose a safe storage location

Storing gold in a safe location is critical for ensuring the protection of your investment. Physical gold is a valuable asset and should be kept secure from theft or damage. Without proper storage, your gold could be lost or damaged, resulting in significant financial losses, and many people don’t give much importance to this aspect of how to invest in physical gold but we can assure you that covering this risk is vital.

To minimize the risk of theft, many investors choose to store their gold in a secure facility, such as a bank safe deposit box or a high-security storage facility. 

These storage options provide a high level of security, insurance, and peace of mind. In addition, storing your gold in a safe location helps to ensure that it will be readily accessible when you need it, whether you’re selling, trading, or using it as collateral. 

Ultimately, the importance of storing gold in a safe location cannot be overstated, and it’s a critical step in protecting the value of your investment for the long term, so please do consider using a safe deposit box at a bank or a high-security storage facility. 

Insure your gold

Physical gold is a valuable asset that is susceptible to theft, loss, or damage, which is why it’s important to have insurance coverage in place. In the event of theft, loss, or damage, insurance can help to compensate you for your losses and ensure that your investment is protected. Furthermore, insurance provides peace of mind and helps you sleep soundly knowing that your assets are protected.

There are different types of insurance coverage available for gold assets, including personal property insurance and specialized precious metal insurance. 

The type of insurance you choose will depend on the value of your assets and the specific risks you’re concerned about. Before buying insurance, it’s important to carefully consider your needs and to compare coverage options from different insurance providers to find the best policy for your situation.

A brief look on the best insurance companies for Gold

Company NamePolicy CoveragePremium CostClaim ProcessReputation
GEICOComprehensive coverage for theft, loss, and damageCompetitive rates based on value of assetsEfficient and straightforwardHighly rated by customers and industry experts
HWinternationalCoverage for theft and loss onlyAffordable rates for low-value assetsQuick and easy claim processStrong reputation for customer service
SDBIC InsuranceCustomizable coverage optionsHigher premiums for comprehensive coverageThorough and fair claims processWell-established with a long history in the industry
Axaxl InsuranceSpecialized precious metal insuranceCompetitive rates for high-value assetsEfficient and fair claims processHighly rated for reliability and financial stability

Please Note: The information in this table is for illustration purposes only and is not a comprehensive comparison of all insurance companies offering coverage for physical gold assets. It’s important to carefully research and compare insurance options to find the best policy for your specific needs and situation.

Keep records and receipts:

Keep detailed records of your physical gold investments, including receipts and appraisals, for tax purposes and to verify authenticity, for addes privacy: we do recommend that you do not tell anyone about your possession of this physical gold as information can be leaked even by the ones closest to us like our partner, friends or family, so it would be best if you kept this a secret and only include it in your will.

This is a key part on knowing how to invest in physical gold as keeping track of your assets in essential to calculating your profit, loss and if you have had theft among your asset class.

Different options for storing your gold : Pros and Cons

Storage OptionProsCons
Bank Safe Deposit BoxSecure, insured by the bankLimited access hours and may not be available in all locations
High-Security Storage FacilityHigh level of security, flexible access hoursCan be more expensive than a bank safe deposit box
Home SafeConvenient, accessibleLess secure than a bank safe deposit box or a high-security storage facility

In this table, you can see a comparison of the pros and cons of three common storage options for physical gold. Each option has its own advantages and disadvantages, so it’s important to consider your specific needs and preferences when choosing a storage solution. Whether you opt for a bank-safe deposit box, a high-security storage facility, or a home safe, you can ensure the safety and security of your physical gold investment.

Why Invest in Physical Gold?

There are several reasons why physical gold is a sought-after investment:

  • Diversification: Physical gold can act as a hedge against stock market volatility and provide diversification to a portfolio.
  • Inflation protection: Gold has been a store of value for thousands of years and can help protect against inflation.
  • Tangible asset: Unlike stocks, etfs, or bonds, physical gold has intrinsic value and is a tangible asset that can be held and passed down to future generations.

Bottom Line

Investing in physical gold can be a valuable addition to your portfolio, providing diversification and stability during uncertain times. By following the steps outlined in this guide, you can feel confident in your decision to buy, store, and secure your physical gold investment. With careful consideration of your investment goals, type of gold, and storage options, you can ensure that your investment is protected and secure.

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