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How to Buying Gold and Silver Guide to Precious Metal Investment

How to Buy Gold and Silver: Guide to Precious Metal Investment

May 31, 20231713 view(s)

Investing in gold and silver is a smart strategy to diversify your portfolio, preserve wealth, and safeguard your savings purchasing power. In times of economic uncertainty and fluctuating markets, many investors turn to the stability of precious metals like gold and silver. These timeless assets have a long history of serving as a hedge against inflation and protecting wealth. If you're considering venturing into the world of gold and silver investment, this beginner's guide will provide you with the essential tips you need to know in order to make informed decisions. In this comprehensive guide, we'll explore how you can start your investment journey of buying gold and silver.

How to Buy Gold & Silver

Buying physical gold and other precious metals is easier than you may think. Gold and other precious metals are usually purchased through licensed online retailers, such as the U.S. Gold Bureau. Retailers allow you to browse their products by weight, quantity, and price to help you find the right investment for your needs. 

If you don’t know where to start, the U.S. Gold Bureau has trained precious metals experts who are ready to assist you with all of your investment needs and can help answer any questions you may have. Whether you’re a seasoned investor who's ready to buy or just want to dip your toes into the precious metals market, our website, live chat, and trained precious metals experts can help you along the way. You can start the process directly on our website or call us at (855) 752-2302, and our precious metal experts will help get you started.


Different Types of Gold and Silver

Precious metals allow investors to take physical possession of their investments while diversifying their portfolios. Before diving into the market, investors should familiarize themselves with all the types of silver and gold they can invest in. These can range from bullion bars to investment-grade coins. Learning about their unique characteristics, such as purity, weight, and collectibility, will help you determine which options align with your investment goals and risk tolerance.


There are many options when it comes to investing in coins. There are proof and bullion coins. All have unique qualities that every investor should consider before purchasing. 

Coins are produced in set production runs, while bullion like bars, rounds, and ingots can be produced in unlimited quantities. This leads to a collectible aspect for coins, resulting in a higher price per ounce. 


Bullion Coins

Bullion coin price is based on the weight of the precious metal and the scarcity of the coin itself. A coin's scarcity is associated with the fact that once the mintage for a particular year has been completed, no more of those coins will be produced. Minted coins also offer the guarantee that they come from a reputable mint like the U.S. Mint.


Proof Coins

Proof coins are investment-grade coins that are produced with a special process to create a frosted design and a mirror-like background. These coins are the highest quality produced and are extremely detailed. Proof coins are struck more than once to help create the finer details. The most popular proof coin is one you may be familiar with, the Gold American Eagle coin

These coins come in different variations, like reverse proof and enhanced reference proof. In general, investment-grade coins like these are for investors planning to hold onto for at least five years. 

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Bullion refers to coins and other forms of precious metals, like bars and ingots, that are valued based on their weight and purity, not rarity like investment-grade coins. Compared to coins, bars and other bullion cost less per ounce. The price for bullion is determined by the market index price or “spot” price. The spot price is the price of silver and gold per troy ounce. 

The most common form of bullion investment in gold and silver is bars. These gold and silver bars are available in many sizes, including 1oz, 10oz, 1 kilo, and 100oz. The 1oz and 10oz bars are popular for investors starting or expanding their precious metals investment portfolios.

Why Buy Gold & Silver

It is no secret that a balanced portfolio relies heavily on diversity. Investing in gold and other precious metals in your portfolio is an easy way to manage risk and protect your purchasing power. In periods of high inflation, precious metals have historically performed well. This means investing in gold would reduce your losses when other investments fail. Rare coins are able to provide quick liquidity, while bars and other bullion are seen as a more long-term investment. 


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Gold and silver are assets that have a history of resilience during economic downturns. Traditional investments will lose their purchasing power when inflation rises. Throughout history, investors and governments have both used precious metals as a hedge against inflation and to preserve purchasing power. While those looking for a quick investment may be disappointed, those looking to diversify their portfolio and secure their purchasing power will find gold, silver, and other precious metals are great options.

Where to Buy Gold & Silver

If you're interested in buying and selling gold and silver, there are several options available. Investors typically purchase from reputable dealers and use online platforms. You may be able to find a physical location, like a local coin shop, to purchase gold or silver, but you will most likely be faced with a higher premium. Investors should evaluate the costs, convenience, and security of each method to make an informed decision.

Selecting a reputable dealer is crucial when buying gold and silver. Ensure that the dealer you choose has a proven track record of integrity and transparency. Reputable dealers will provide accurate information, competitive pricing, and secure storage options for your precious metals.


Storage and Security

Some investors don't feel comfortable storing physical gold and silver in their homes, so many opt for professional storage facilities to safeguard their investments. It’s important for investors to ensure that their chosen storage method provides adequate security measures to protect their investment. With the help of the U.S. Gold Bureau, you can store precious metals at the Texas Bullion Depository, which is the only state-run precious metals repository in the world.

The Texas Bullion Depository will ensure that your precious metals assets are protected and safe. Whenever you need to liquidate your gold bars or other precious metals at the Texas Bullion Depository, the U.S. Gold Bureau can assist so you can receive cash for your precious metals at your convenience.

Selling Your Gold and Silver

You’ve acquired your precious metals, but now you're ready to liquidate. This begs the question, how do I sell? Liquidity is an important feature of any investment, after all. Fortunately, there has always been a liquid market for gold, silver, and other precious metals, so liquidity will never be a concern. 

Like purchasing, you can go to an online or physical retailer. With a physical retailer, you’ll have to. You could even try a coin show if you’re looking to sell a particularly rare coin. When it comes to online retailers, like U.S. Gold Bureau, each will have its own unique selling process. 

If you purchase precious metals from U.S. Gold Bureau, we will buy them back or facilitate the sale on your behalf. As long as you buy your precious metals from the U.S. Gold Bureau, we’ll buy them back. No questions asked. 

Bottom Line

Buying gold and silver can be a rewarding investment strategy that offers long-term wealth preservation and diversification benefits. By understanding the different types of precious metals, researching market trends, and choosing reputable dealers, you can confidently navigate the world of gold and silver investment. Stay informed, be patient, and make informed decisions to unlock the potential of these timeless assets.

Remember, investing in gold and silver requires careful consideration and a long-term perspective. With proper research and a strategic approach, you can embark on a path to safeguard your wealth and preserve your savings purchasing power. Armed with this knowledge, you can confidently navigate the gold and silver market and build a resilient and diversified portfolio.


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