Tips for First-Time Gold Buyers and Smaller Investors

Are you new to the world of investing and are considering making your first investment in Gold? Not to worry! You are not alone. Gold has been a symbol of wealth and security for centuries now, which has attracted Investments from seasoned investors, central banks, and of course novice investors alike. Here are some tips for first-time gold buyers and smaller investors to help you get started investing in Precious Metals. 

Understanding Gold Pricing

For starters, it’s important to know how gold is priced. When we look at the price of gold, it is priced per ounce and its value is determined by various different factors. these factors include semicolon inflation, Supply and demand, world affairs, and currency values. 

When we are looking at the price of gold, it is called the spot price. the spot price is determined based on the current market price of which it can be bought or sold immediately. as gold is an investment asset, it’s price fluctuates on a daily basis, which is influenced by the global economic markets and conditions. 

It is important to note that when you’re purchasing gold you will often have to pay a premium over the spot price. this premium covers the cost of mining, refining, distribution, and small dealer markup. When you are buying gold it is important to know the spot price, as well as compare the premiums amongst different dealers to ensure that you are getting the best possible deal on the market. 

Investing in Smaller Gold Bars

If you are a first-time investor, investing in a smaller gold bar can be a great option for you and here’s why:

Affordable: Smaller bars, such as gram sized bars require less money to invest in compared to larger bars or gold coins. this makes it easy for small or new investors to start building their portfolios. 

Liquidity: When investing, liquidity is a big thing to consider. smaller bars are a lot easier to sell or trade, which provides investors with more flexibility and liquidity on their investment. This is especially useful when you need to access your investment quickly.

Diversification: When you invest in smaller bars, it allows you to diversify your portfolio over time. As a result, it allows you to average out the cost of your investment rather than having to spend a big chunk of your wealth in one go. this also reduces the risk of Market volatility. 

Buy from Trusted Sources

Nowadays there are lots of counterfeit products circulating in the market. in order to safeguard yourself it is crucial that you purchase directly from reputable gold dealers. AU Bullion is a dealer that you can trust! We are an authorized Royal Canadian Mint authorized Bullion DNA Dealer. This prestigious title keeps us accountable for ensuring all our clients are getting the best quality service and products. Moreover, we also work directly with various other renowned notable mints and refineries around the world to give our clients a wide selection of high-quality products to choose from!