Many are familiar with the purchasing of gold and methods of investing on it, but it is also wise to know about the investment benefits that bars of silver offer. However when it comes to silver most of you may think to buy Canadian gold coins instead of bars. Owning coins may look seemingly captivating but do you know if you buy gold coins you have already lost a lot of capital and money and lost the benefits you would otherwise get if you had purchased bars instead.
Here Are a Few Points to Guide You Before You Think of Investing of Gold Bars
- Lower Premium Rates
Gold bars have a much lower premium rate than gold coins. Hence it becomes the ideal reason why you would want to invest on it. When compared to gold bars it raises greater percentage in price than gold bars thus making it less expensive than gold bars while purchasing and while investing it gives greater returns.
- You Can Also Buy Online
With the generation turning net savvy and literally making everything on Earth available and purchasable you can also choose to buy Canadian gold coins or bars online just with the click of your fingertips and you can also research on the websites of the various dealers who sell gold bars and gross through their galleries and find out your choice and place an order.
- Research Background of Online dealer
Once you have set up your mind to buy and invest on these gold bars online, the very next step should be conducting a research of the person who is dealing with the gold bars. Verify the dealer, contact them if there is a phone number, try to also contact with email and keep proof of your action. This is necessary to accuse the dealer in case there is a matter of duping after purchase. Always remember you are not just purchasing any other product but a very expensive metal without physically being present. So take utmost care before placing the order.
- Don’t trust the dealer and place an order blindly
Since you are purchasing a very valuable and expensive item for investment don’t make a mistake of placing an order blindly. Not only do you research the background of the dealer you must also be sure that the dealer is a well reputed one who will not cheat you with imitation gold bars.
- Check in Various Auction Sites too
You can also visit various sites that hold auction and will ship the bars too. To buy Canadian gold coins a little knowledge about various places where gold bars can be bought opens up huge possibilities of buying gold bars and that proved to be a very witty and advantageous method you can apply in investing in the future.
- What Weights Should You Buy Gold Bars?
The most important decision when you buy gold bars is the size to purchase as they come in different sizes and weights. The most suitable for investors is 1 ounce to 100 ounces bars.