How to buy gold complete guide?

BUY GOLD: What are the different ways to buy gold for a private investor?

The gold market is organized in such a way that only professionals can buy physical gold and resell it at the best prices safely. In general, private investors cannot access this market …

Until Thegoldbullion appeared and thanks to its innovative platform, it gave private investors access to the same advantages of the professional market when buying gold.

This section also explains the different ways to buy gold: coins, small bars, ETFs, certificates, gold futures and mining stocks, among others. By knowing all the methods, you will be convinced that Thegoldbullion is the best way to invest in gold.

Thegoldbullion has more than 42,000 users worldwide. In recent years they have purchased more gold through Thegoldbullion than through any other physical gold purchasing method.

Thegoldbullion guards more than 30 tons of gold, much more than the central banks of some countries. Every gram of gold guarded is the private property of users who purchase through the platform.

But how does the gold market work? How does Thegoldbullion manage to offer the best prices in this market?

Gold bars, Good Delivery and the professional gold market

· The official price of gold , which are published in newspapers and on price charts on the Internet, are only accessible to those involved in the professional market: gold traders, refiners, governments, banks and large investment firms.

· In this professional market, only Good Delivery bullion is traded. If a buyer does not operate with this type of bullion, he is automatically excluded from the professional market and its competitive prices, which means that he will be forced to pay more when he buys and receive less when he decides to sell.

100% fine gold

· Good Delivery bars are distributed by a small group of refineries accredited by the professional gold community in London, Zurich, Singapore, Toronto and New York

· They are thoroughly tested and their purity is at least 99.5%. The market trades its content in pure gold, known as fine gold, so it does not pay for impurities.

Safeguarding gold in a vault to maintain its integrity

· From the day they are manufactured, Good Delivery bars are stored in guarded vaults that are recognized by the gold professional community. Every time the bars are moved, this change of location is registered, proving that the gold does not leave the circle of safety and that it is always in good hands (chain of integrity). This guarantees the maximum purity of the bars and high levels of security that are not found when storing gold at home, even when done in safes.

· Thanks to this assurance, professional buyers accept delivery from the seller’s vault without having to verify its purity, greatly reducing transaction costs. This is why these bars are called Good Delivery.

· Good Delivery bars are large — typically 400 troy ounces each (12.4 kg) and the professional market does not allow ownership of only part of the bar.

· But having enough money to buy a whole bullion would only solve half the problem. It would be necessary to have a commercial relationship with a good vault company that promised to guard the gold. For these companies to agree to store gold, the customer must enter 15 or 20 of these 400 troy ounces. Also, the deals are long and expensive.

· All of these barriers prevent most private investors from accessing the professional gold market.

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Direct access to the best gold prices

· Thegoldbullion changes everything. It allows people from anywhere in the world to buy gold from the professional market and store it in one of their vaults in London, New York, Zurich, Singapore and Toronto.

· All Thegoldbullion gold is in Good Delivery ingots. So when you want to sell, the buyer can trust the purity and weight of gold, which Thegoldbullion guarantees because they know that no one has had a chance to corrupt it.

· You can buy a portion of a whole ingot. The minimum amount is one gram.

Save money with the best gold trading service

· Thegoldbullion users also save money by eliminating the broker and transacting directly with each other. This is made possible by Thegoldbullion’s market platform, which functions as a stock exchange for the purchase of physical Good Delivery gold. Thanks to free price competition — in which each user sets the purchase or sale price that is most convenient for them — the cost and spread (difference between purchase and sale price) are greatly reduced.

· In this market, Thegoldbullion operates as one more user of the platform. Sell ​​and buy gold in the same way and under the same rules as the rest of the participants in this gold bag. In other words, to execute your transactions Thegoldbullion must offer attractive prices on the platform. This guarantees users that they will be buying gold at the best price and selling it at the most convenient.

· You also have to have the time and cost of the transaction. First, the user can forget about the costly cost of secure mailings. All the gold that is purchased is already safely stored in a vault.

· The amount of gold available on the Thegoldbullion market varies based on user demand. When in high demand, Thegoldbullion introduces new Good Delivery ingots purchased from the professional market.

Buy gold safely

· As long as the customer owns the gold, it will be kept in the security facilities reserved exclusively for Thegoldbullion customers, managed by a fully independent professional Thegoldbullion security camera operator. The client is isolated from any systematic risk from the financial system. He is the direct and legal owner of his gold in physical form. Unlike most investment products, the bankruptcy of one of the companies cannot deprive you of your gold. Lloyds, the vault companies and Thegoldbullion could declare insolvency and the gold would remain with the customer.

· Every business day, Thegoldbullion publishes the complete registry of all gold owners on the Internet, maintaining anonymity thanks to the pseudonym that only they know.

· This record is checked against the official bullion list that is also published. This listing is compiled by the vault operator and is independent of Thegoldbullion. There is no other custody company in the world that publishes its records on a daily basis.

· To provide further assurance on the accuracy of records, the daily audit is verified annually by an independent firm. Albert Goodman’s auditors. They review our procedures, confirm the calculations, check that the vault operator has provided the bullion listing, check that the banks have provided the extracts, and with all this information prepare a report on Thegoldbullion that is posted on their own website.

· The custody contract with the camera companies prevents Thegoldbullion from withdrawing the gold from the vault without previously declaring the operation publicly on its home page 48 hours in advance. Otherwise, the company would refuse to give up the metal. Offering transparency is one of the main features of Thegoldbullion.

· Thegoldbullion is also the only gold market that remains open 24 hours a day, 7 days a week. Since Thegoldbullion customers have the right to sell whole bullion directly to the official market, one of the most liquid in the world, there will always be a buyer who pays a fair price when they want to sell.

· Customers have the possibility to withdraw the gold from the vaults, although most prefer to leave it stored. In this way, they continue to benefit from the advantages of owning Good Delivery gold that never leaves the security circuit. (There may be additional charges, taxes, and other expenses when extracting gold from vaults.)

· All purchases are made instantly, after verifying that the seller has enough gold in the vault to sell. The same applies to sales, which are only carried out, after verifying that the buyer has enough money before buying. Thegoldbullion does not offer to buy on credit.

· The client can transfer their money immediately after selling their gold. The money will be transferred in a minimum period of one business day from the request from your Thegoldbullion account to your bank account. There is no minimum period to invest.

· For security reasons and to comply with anti-money laundering laws, money is transferred directly to the bank account that was originally used to deposit money into the Thegoldbullion account. Money transfers to the original bank account are fast, secure and inexpensive.

· Users can add an extra security guarantee: the anti-theft alarm, which will notify you every time you log in to your account, via an SMS message.

· This combination of security, value, accessibility, transparency and good service has quickly attracted 31,000 users. The result is the creation of a gold reserve, owned by investors from 83 different countries and with a value of more than 1,100 million euros, which makes Thegoldbullion the most popular investment service in physical gold in the world.

To take into account when buying gold

One of the most important things when buying gold is making sure that you get possession of the physical metal (even if it is in custody) and that there is a chance to withdraw it if necessary. It may seem like a no-brainer, but many buyers don’t understand this concept.

Gold ownership

When the user buys a quantity of gold bullion, he becomes their legal owner. This is assigned physical gold, which cannot be used by anyone else to pay off possible debts.

On the other hand, while it is very important to ensure that you become the sole owner of the gold, it is not so important to request the shipment of the gold to keep it in a particular (physical) way. All experts warn that keeping gold close by is a big mistake.

Gold possession

When buying gold many think that the normal thing is that they be physically delivered to them to be able to keep it nearby. Disappointment comes when they try to sell the gold and discover the transaction costs are high and their gold ends up being worth less than they thought.

Other ways to buy gold

Already knowing many details about buying gold, let’s examine other ways to buy gold.

Gold coins

Buying gold through coins or small bars means being able to keep them in a safe. Gold is your property, which is good and physically meets you (not so good if the amounts you buy increase).

It is convenient to insure these coins but it is not always easy and also, you have to declare that you have gold to be able to insure it, something that perhaps not everyone wants or is willing to do.

Also notable is the premium paid on the purchase and the discount on the sale, which will reduce the benefits if the intention is to buy coins as an investment. The estimated loss is 8%, even slightly more in loose or smaller volumes.

Gold Coin

By buying coins, you can become a “stuck” owner in the event of a financial crisis, not being able to sell when you want. You can also introduce exchange controls in your country of residence.

Buying gold coins is relatively easy. A Google search for the words “gold coin sellers” will provide a long list of results with many providers. The difference between numismatic and gold coins must be taken into account. Gold coins like the one in the image have no collecting value, but their value lies in their gold content. The numismatic coins, meanwhile, are those requested by collectors. Its value depends on many variables not directly related to the value of gold.

Gold certificates and unassigned gold

Gold certificates are normally unassigned gold with an option to become assigned if requested and paid by the investor.

As it is gold on which the buyer does not receive the delivery of title, it remains in the balance of the supplier indefinitely, because it is not advisable to invest in unassigned gold. The insolvency of the supplier is a high risk factor for investors.

Most gold certificates are unassigned gold. They give the chance for that gold to become allocated, but at an expensive price with high custody costs that are normally avoided.

So why is unassigned gold being offered? Because for providers it is very convenient. Not being the exclusive property of the buyer, they can use that gold for other purposes or lend it. In very few cases that is the intention of the investor.

Before choosing a certificate program, you have to ask if the gold is not assigned (it usually is) and make the decision to accept the risks that this entails in the long term .

Gold futures

Trading gold futures allows you to buy gold on credit, but requires advanced financial knowledge since high volatility can cause large losses due to leverage,

If you are a short speculator with a particular view on the price of gold, and especially if you are a short seller of gold, we advise you to be better informed about gold futures.

Gold ETFs

ETFs (exchange-traded gold funds) or listed funds are a type of financial instrument that replicate the price of gold. They benefit from being treated like any other stock exchange. If you already have a brokerage account, investing through ETFs can be very easy and convenient.

Gold shares

Gold stocks have a dependency component on politics, cost and geology. And surprisingly, they have performed less brilliantly than physical gold in the past.

The increasing discredit of the industry together with the increase in extraction costs, makes your investment less attractive. However, it is another way to invest in the gold industry.

The best way to buy gold bullion

We hope you found this walk through the main ways to buy interesting gold. Among them all, Thegoldbullion is the most accessible, secure and cheap for the retail investor.

If you want to see how it works, you can open an account with which you can protect yourself from mismanagement of currencies and our economy.

At Thegoldbullion, user privacy is very important. The data of the registration of a user in Thegoldbullion will never be sold or provided to third parties.

But, on the contrary, we are very open about who we are. You can continue reading about Thegoldbullion on the “Help” pages, which you can access through the main page.