Where Is The Best Place To Buy Gold Bullion? All You Need To Know
As an investor, you know diversification is key. Precious metals like gold can provide an alternative to balance against more traditional options like stocks and bonds. But buying physical gold also opens up questions – where is the best place to purchase it? Who can you trust to offer authentic bullion at fair prices?
Navigating the gold dealer marketplace brings its challenges. You want a company with ample expertise to guide novice and seasoned investors alike. One that deals exclusively in genuine gold coins and bars from reputable global mints. Security and storage options should be top-notch as well.
Essentially, you need a partner you can trust to simplify the gold buying process while maximising the value of your investment. One that combines veteran experience with a sterling reputation for customer satisfaction. One that can deliver everything from secure storage to flexible buyback programs.
The good news? Companies that check all these boxes do exist – you just have to know what to look for. By conducting thorough research and understanding the hallmarks of a premier gold dealer, you can invest in physical gold bullion with confidence. Working with a trusted partner is key to maximising the unique diversification benefits gold offers.
At Physical Gold, our team brings over 20 years of experience assisting both new and veteran investors in purchasing physical gold bullion. Over time, we have developed specialised expertise that allows us to provide best-in-class customer service to our clients.
Along with the wide range of gold bars and coins, we offer state-of-the-art insured vault storage for client bullion. Rather than choose to sell thousands of different gold coins and bars which may appeal to niche collectors, we focus only on gold products most suitable for UK investors. This narrow approach enables us to offer better prices on the gold that counts and offer specialised guidance geared towards profit.
Physical Gold also provides a buyback guarantee on all products. This allows clients to liquidate at current market prices as needed. Our buyback program provides flexibility and confidence in the investment.
At Physical Gold, our goal is to streamline gold ownership through expert consultations, extensive selection, secure storage, and buyback guarantees. We understand that gold investing can seem complex. Our advantages make us the premier destination for investors looking to buy physical bullion in the UK.
The name itself provides the reassurance that your gold can be trusted and is of top quality and condition. The restriction with this avenue is that The Mint only sells new gold coins (such as the Sovereign and Britannia), it doesn’t offer circulated coins or gold bullion at all.
So, if you’re looking for tax-free gold coins, then The Royal Mint can certainly offer you pretty coins. However, if gold investment is your main driving force, this option is extremely expensive. You will essentially be receiving far less gold for your money than if you source the gold elsewhere. You cannot sell the gold back to the Mint, so you will need to sell at the prevailing rate to a gold dealer to realise a profit on your gold investment. Paying this initial premium on the gold will severely hamper your returns.
However, I’d say that The Mint are a decent source for obtaining presents for a family as some of their coins come in wonderfully packaged boxes, albeit at inflated prices. They also offer a huge number of collectors’ editions if that’s your interest.
A source you can trust to obtain top quality gold bullion at competitive prices and you can also sell back to them when you need? The answer is a UK gold dealer like PhysicalGold.com. The best place to start is the British Numismatic Trade Association (BNTA), who registers all the trustworthy gold dealers in the UK.
If dealers are a member of this association, they need to adhere to a strict code of ethics, and you will have a dispute process should their service and goods fall below this code. Generally, you will have a decent choice of gold bullion and coins with a dealer, depending on their area of speciality. Some may focus on numismatic or collectors’ coins, while others focus on investment gold coins and bars and many enable you to buy gold online.
Prices are very competitive (particularly for bulk deals) when buying a kilo gold bar and crucially they may be able to provide access to circulated tax-free gold coins, which provide the best value of all. You will receive full documentation from any good dealer and even benefit from market guidance on the gold price and types of gold.
Free ultimate guide for keen gold investors
Let’s be frank – the global market for gold bullion unfortunately faces issues with counterfeit coins and bars. These fake gold products prey on unwitting buyers, posing major financial risks. This shines a spotlight on the critical need to purchase only from reputable, tried-and-true dealers.
Faux gold bullion is crafted to mirror the real thing. But it contains little actual gold if any at all. Unknowing investors hand over their hard-earned money based on full gold value, oblivious that they’ve acquired phonies. A rude awakening awaits when the sham is exposed.
So, how does one avoid becoming a victim of counterfeit gold fraud? For starters, thoroughly vet any potential dealers. Only firms with long-standing, solid-gold reputations should make the cut. We’re talking companies with decades of experience, direct partnerships with mints, and rave customer reviews. Trustworthy dealers stand firmly behind their products, offering buyback guarantees. They won’t risk sullying their good name by peddling fake gold.
Doing due diligence on dealers is key to sidestepping the damaging financial blows of counterfeit gold. Partnering with veteran, proven companies gives customers confidence they’re receiving the real deal. When investing in gold, dealer reputation should be priority number one.
Many people we speak to ask us where the best place to buy gold bullion is and they often mention eBay. Clearly, eBay is a wonderful marketplace to pick up some great prices on almost anything you may wish to buy. However, I would strongly urge you never to buy gold bullion through eBay. Gold appeals because it reduces your overall risk of being hit by market downfalls and shocks. So why would you want to take on the huge risk of buying from eBay?
Unless you have very sophisticated testing equipment, there is no way of knowing whether the gold is genuine, its purity or quality. You are leaving yourself exposed to fraud. If you are happy that it is the right time to buy, then the other consideration is price. Gold is not a great fit for eBay due to the associated PayPal fees. Any seller will have to factor these fees into their gold price and pass them on to you.
When looking to invest in physical gold, there are several steps buyers can take to help ensure they are making a genuine purchase:
By doing thorough research and following tips like these, gold buyers can take proactive steps to avoid counterfeits and feel confident they are working with a genuine, responsible dealer. Taking the time to make an informed purchase is a vital part of the gold investment process.
Calling the dealer is an excellent idea and any reputed dealer worth its salt will be open to answering any questions that you may have regarding investments. They could also offer you a buyback scheme guaranteeing the quality of the gold they’re selling. Of course, if the dealer refuses to buy back what they’re offering, clearly something could be wrong.
Most reputed dealers would also offer you the option of storing your gold with them in an LBMA-approved vault. They would also offer you a secure, insured delivery option in the event you choose to collect the gold at your home. Once you’ve gone through these steps, you’re likely to shortlist a couple of reputed online dealers with whom you can start doing business.
For both novice and seasoned investors alike, physical gold bullion can be an excellent addition to a diversified portfolio. Gold provides a tangible asset that historically holds its value over time. As financial markets fluctuate, the stability and security that gold offers is increasingly attractive.
For beginners, purchasing physical gold coins or bars is often the simplest way to gain exposure to this precious metal. Leading gold dealers provide guidance and education to help even first-time buyers make informed investment decisions.
More experienced investors might want to allocate a portion of their investment portfolio to physical gold as a hedge against inflation or market volatility.
To speak with our investment experts, please call 020 7060 9992 or get in touch with us online. Our team of experts are always on hand to assist you in making the right investment decision.