Gold is a universal currency and asset, and if you want to investment in the metal, nothing works better than the bullion. Bullion refers to gold/silver, which is at least 99.5% pure and is usually sold in form of bars. Pure gold bullion is also called parted bullion, while others that contain more than one metal is known as the un-parted bullion. Depending on where you stay, you can buy gold bullion from known dealers, such as City Gold Bullion. Below are some of the relevant aspects you need to know.
- It is rather easy to buy Gold bullion from any known metal dealer. Typically, you need at least one or more proof for buying the gold. This can be your driver’s license, passport of any relevant document.
- Find a reputed dealer. Known and credible dealers offer all kinds of purchase assistance for buyers, and you can ask relevant questions before you make the purchase. For new buyers, this can be quite handy, because you can evaluate how and how much they should invest in bullion gold.
- Again, depending on your location, you may not need to pay sales tax or GST on your high-purity bullion investment. For example, if you are in Australia, you don’t need to pay GST on silver and gold bullion, which are considered investments, while 10% GST is applicable on palladium.
- If you are wondering about investing in gold, you should know that it is a good addition to your portfolio. Your financial advisor might not have said about it, because it obviously doesn’t earn them commission. However, gold should be a part of your profile, especially if you are not sure of stocks, mutual funds or even bitcoins.
- Many people are also confused about buying physical gold and Exchange Traded Funds. For certain reasons, physical metals are a better choice, because ETF prices are largely determined by the market. With physical gold, you have a tangible asset that can be easily sold off when you need money the most.
There can be also some confusion over minted vs. cast gold bullion. Minted bullion is basically polished, while a cast bar is not but is branded with a logo. Minted bullion is better to look at, and since the minting is done with a machine, everything related to measurements and purity is extremely accurate. Check online now to find more details on investing in gold bullion.