Your financial advisor may not talk about this, but your investment profile must have some amount of precious metal. We are not talking of ETFs or Exchange Traded Funds here, but about physical metal, and in that department, nothing is better than gold. If you want to invest in gold, the best choice is bullion bars, which are 99.5% pure. The gold you buy is extracted directly from the ore and is cast into bars, which are available for sale. In this post, we will talk about gold bullion investment in detail.
Why buy gold bullion?
Because it is a universally accepted currency! Yes, you heard that right. NO matter which part of the world you live in, you can always buy and sell gold easily. In case you are wondering if physical gold is better than ETFs, you should know that there is always a chance of incurring losses with ETFs, because these depend on many exchange and economic factors. Physical gold, on the other hand, is always open for transaction. If you want to buy swiss gold bullion in Brisbane, you will find many dealers for the same, and there are no concerns with regards to investment, because everything is fair, transparent and recorded. Depending on where you stay, you may not have to pay sales tax or GST either, especially in Australia, where gold and silver bullion is seen as investment.
Things to know
The simplest way to make money out of gold bullion is to buy a lower price and sell off when the prices are higher. Of course, for that you need to keep an eye on the market. If you are investing in gold bullion for the first time, do your homework and find a credible dealer. You can buy physical gold, silver and platinum from other countries too, and in some cases, you won’t be charged for export too. In case of physical gold, you have to be careful about storage. While bullion bars are easy to stock, don’t invest in a lot all at once. Keep a check on the factors that may influence the gold prices and sell of when the price is right. Making money with gold bullion is always easy, especially if you know the right place to sell.
Gold is a tangible asset and it must be included in your investment profile to ensure enough liquidity. Unlike jewelry, gold bullion coins are easy to trade.