Many People Ask ‘What Type of Gold Should I Buy?’
If you are new to gold buying and precious metals investing then you may be asking yourself a few questions about your future purchases. One of the most frequently asked questions is “What type of gold should I buy?”
As a newcomer to the gold investment market you may believe that all gold investments are made in solid gold bars like the type of gold bars you see in Fort Knox. The truth is, however, that there are a number of different types of physical gold to choose from.
The type of physical gold that you purchase will vary depending upon a few factors. One of the most important factors will be the budget that you have to work with. For example, if you have a very minimal budget you may want to begin with purchasing gold coins which come in much more affordable denominations than larger gold bars. Your gold purchase will also depend upon the vendor you choose and what they have to offer. We purchase all of our gold through Regal Assets who offer gold bullion, gold bars, gold proof and gold coins. This variety of selection allows for us to maintain a diverse portfolio. Additionally, Regal Assets also offer silver, platinum and palladium so there is the opportunity to add even more variety to our investments if we so choose.
If you are looking to invest a larger amount of your investment in to gold, you may decide that gold bars are the better choice for you. Gold bars allow you to make larger purchases at a single time. If you do make larger gold purchases it is important that you have a secure place to store them – although this is recommended anytime you have made a precious metals purchase.