Cheap Gold
Buying Gold
The most popular sources of gold for collectors are mints, gold dealers, auctions, post offices, shops etc, and how much you pay for the
gold depends very much on the following four factors:
- What type of gold you purchase
- Where you purchase it
- From whom you purchase it
- How much you purchase
Here are some points to be aware of when puchasing gold.
If you purchase from Post Offices, shops and small gold dealers and you purchase small coins with little value of gold but look nice and come in expensive looking cases, you are probably purchasing the most expensive gold around. The cost of mark up as the coin goes from the mint through to wholesalers and then the shop plus the shipping, cost of the presentation case, often more than the value of the gold, will almost certainly guarantee you have paid top dollar for your gold. It will take a long time for you to recoup the value of your gold this way.
But if you purchase solid gold coins and large bars with little presentation, just a hermetically sealed thin plastic transparent case, from a mint or established dealer, you will, in most cases, get more gold for your dollar in that you are paying for gold and not thin plastic, wood or whatever the presentation is made of.
The premium or mark up you pay for bullion bars is usually less than coins also. A 1 oz(ounce) gold bullion bar will attract less mark up than a 1 oz(ounce) gold coin. The Perth Mint, for example, sells bullion bars of gold by the gram. From 1 Gr up to 10 Gr's. Guess which is the cheapest per gram to purchase? The 19 gram bar of course. purchasing 1/2 a kilo or 1 kilo is better although you have to outlay more m1y initially of course.
In other words. the larger amount of gold you purchase at 1 time, proportionately, the smaller the mark up by the seller. This means laying out thousands instead if hundreds of dollars, but if it is for forinvestment purposes rather than just a hobby then it is a worthwhile investment.
Also always purchase in at the top end of your budget.
But if you like gold coins, puchasing established and popular 'in demand coins'. These command a better resale price and so keep, and can even increase, their value over time.
Buying cheap gold involves browsing the various gold dealers and mints and becoming acquainted with who the best gold dealers and mints are and what the best coins and bars to purchase are. Doing the due diligence, in other words.
Following the above will certainly give you a grounding in how to purchase cheap gold and give you also the best chance of building a nice, satisfactory collection of gold bullion in the form of gold coins and gold bars.
Cheap gold"..."Where can I buy gold cheap?". That is the question many new buyers often ask.
In fact cheap is a relative term and really you will never purchase gold at less than the current value of the gold at the time you purchase it unless you can find a place where it is being liquidated, like here! We have hundreds of online gold auctions from Ebay to choose from.
"When should I buy gold?" Another common question...The best time to purchase gold of course is to buy it before the value increases. Then you have bought your "cheap gold". As gold is rising year by year, and sometimes by the week, now would be the best time to buy gold. You simply can't go wrong buying gold!!!
