Where to Buy Gold

Gold is a precious metal that has been used for centuries due to its wide range of purposes. It can be used to protect against losses as it has an intrinsic and extrinsic value, unlike traditional currency, which can be a volatile investment. Other uses for gold include jewelry, computers, electronics, dentistry, medicine, etc. It is a conductor, nonallergenic, beautiful, and retains its shine, which might make you ask where to buy gold from.

Different Physical Forms of Gold

Coins

Gold coins are a standard investment option as they have been used for centuries by monarchs and sovereigns as currency and a show of wealth. These coins come in different sizes and involve a higher minting cost than bars as they typically have intricate designs on the face, but this adds to their value as a collector’s item.

Bullion or Bars

Gold bars are used to store a large amount of wealth in limited space as they are available in sizes ranging from 1 gram to 1 kilogram. These bars are minted with the Karat value as they are usually made of 99.99% gold, and they are priced close to the gold spot price due to their simple design.

Jewelry

Gold jewelry has been a popular option for purchasing gold as it acts as a decorative commodity and a store of value. Before buying gold jewelry, keep a check on the purity of the gold before making a purchase and verify the jewelry item is solid gold and not gold-plated if you’re looking to buy it as an investment.

Where to Buy Gold

Mints

Mints manufacture coins to be used for currency and as collector items, bullion bars, and rounds. They can be government or privately-owned bodies for manufacturing gold and other precious metals for sale. Investment quality gold should be at least 99.5% pure gold, and it is important to check for purity certification before purchasing gold coins or bars. Purchasing from renowned mints such as the US Mint, Royal Canadian Mint, Perth Mint, Austrian Mint, Valcambi, etc. is a good option as they have purity and weight standards and are backed by the government, ensuring it is a trusted source that can be easy to resell if the need arises.

Jewelers

When buying gold in the form of jewelry through jewelers, it is important to note that the cost of the gold is linked with the craftsmanship of the piece. The jewelry will be sold at an inflated price as the cost of alloys used to dilute the percentage of gold is also accounted for in the making, and the gold percentage varies according to the different karats used. The most commonly used gold in jewelry is 14K which has 58.3% gold, 18K, which has 75% gold, and 22K, which has 91.6% gold.

Gold ATMs

Gold ATMs are available in large cities such as Dubai, and they are normally placed in shopping malls and airports, providing a convenient method of investing in gold. Gold-to-Go ATMs dispense gold bars made of 24 karat gold which is sold in different denominations and coins. The price of gold is updated according to the market value, but there is a significant markup compared to other gold retailers. It is therefore important to know the current market rates before buying gold.

Online

There are different online platforms available to purchase gold bars. One of the most common options includes gold retail websites such as JM Bullion, APMEX, and WholesaleCoinDirect, which allow you to buy gold at different weights, quantities, and prices. Online gold retailers often have special deals for customers who purchase gold in large quantities, and they have discounts for using different modes of payment such as credit cards which makes this a cost-effective option. The gold is delivered to a specified location, and it is recommended to keep the coin or bar in its original packaging to maintain quality if it is being used as a store of value.

Gold can also be bought from verifiable online e-commerce platforms such as Amazon In multiple forms.

1/10 oz Gold American Eagle Coin

ASIN: B07BLKH7SR

There are different types of gold coins available online with unique designs, and some might even be highly valued if they are collectors’ items. This gold coin weighs 2.81 grams, and it’s a brilliant uncirculated coin manufactured after 1986. The coin is minted with 22K gold with 91.6% fine gold purity, and it comes with a certificate of authenticity by CoinFolio, which will be delivered to your doorstep.

 1 oz Gold Australia Dragon Bar

ASIN: B07XYGTYJJ

This gold bar weighs 1 oz, and it features a dragon on one side with an image of Queen Elizabeth II on the other. The Australian government-backed brilliant uncirculated bar has manufacturing dates starting from 2018. The 24K gold has 99.99% purity with dimensions of 41.6 mm x 24.6 mm and a thickness of 2.4 mm. The bar also comes with a certificate of authenticity from CoinFolio.

GELIN 14K Solid Gold Line Bar Ring

ASIN: B08M9H5DHZ

This solid gold band comes with a minimalist design made of ethically sourced and sustainable 14K gold with a purity level of 58.3%. This metal ring can be used for daily wear, and it is available in different sizes with a 1 mm thickness and shiny finish. The ring is free of lead and nickel while also being hypoallergenic, and it will retain its shine and color over time.

Our Final Thoughts

There are multiple sources for buying gold depending on its intended use, ranging from decorative purposes to being a store of value and investment. As gold is a high-value purchase item, it is important to do some research, including the relevant certifications required to ensure the purity and market values to ensure you’re getting the best deal out there.