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Buying Guide for Gold: Your In-depth Answers to Common Questions
Why invest in gold?
Gold has historically been a cornerstone of preserving wealth across civilizations and eras. Its tangible nature, scarcity, and immunity from political and economic upheavals make it a sought-after asset. In times of inflation, economic recessions, or geopolitical tensions, gold often shines as a safe-haven asset. Interested in starting your gold investment journey? Dive deep into the nuances of how to invest in gold with our comprehensive guide.
Is gold a good long-term investment?
Gold isn’t just a metal; it’s a testament to centuries of economic history. While all markets have their ebb and flow, gold’s intrinsic value has consistently stood the test of time, making it an enduring and robust investment choice. For a closer examination of gold’s historical performance and potential future prospects, check out our article on gold as a long-term investment.
How do I decide between gold bars and coins?
Your choice between gold bars and coins should mirror your investment and personal preferences. Goldbars are typically favored for more considerable investments due to their compact nature and ease of storage. In contrast, coins can offer both monetary benefits and an allure of history, artistry, and collectibility. Whichever you choose, it’s about aligning with your investment goals and aesthetic desires.
What about the purity or ‘fineness’ of gold?
Gold’s purity is often represented in karats or its fineness, which is a percentage value. While investment-grade gold can vary from 90% to 99.99% purity, it’s crucial to recognize that the purity may affect both the price and the potential resale value. Also, keep in mind that while older coins may not match the purity of contemporary counterparts, they can offer irreplaceable historical value.
Does the producer or brand of gold matter?
Absolutely. The source of your gold is pivotal to ensure you’re getting authentic, high-quality products. Tavex has built trust by partnering with world-renowned gold producers such as American Eagles and Krugerrand. When you invest with us, you’re not just buying gold; you’re buying peace of mind.
How should I safely store my gold investment?
Storing your gold securely is as essential as the purchase itself. Many investors prefer personal safes, while others turn to bank safety deposit boxes or specialized gold storage facilities. Ensure whichever method you choose offers adequate protection against theft, damage, or other potential risks.
Can I resell my gold in the future?
Yes, one of gold’s advantages is its liquidity. When considering resale, remember the condition matters. For instance, if your gold arrives in a sealed container, refrain from opening it. Breaking the seal can detrimentally impact its value on the resale market.
Still have questions about gold investments?
Our dedicated team is not just in the business of selling gold. We’re passionate about educating our clientele. Our customer service agents, with deep insights into gold trading, are always ready to assist. Whether you’re a seasoned investor or just starting, consider leveraging our expertise through a free consultation.