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Choose Wisely
As most experienced businesspeople will not need telling, it never pays
to rush into a new business venture. This is especially true if we are not
up-to-speed with all the ins and outs of the goods or services we are thinking
of putting our hard-earned cash into. Indeed, whether
we are new to the
investing in gold bullion or not, making a decision on
where to invest - whether in bullion coins or bullion bars - should take some
consideration.
However, before we make a final decision after speaking to a friend or
business associate with experience in bullion investment, it would be advisable to conduct some
research as there is no definitive right or wrong answer -- this will often vary depending on the needs and circumstances of
the individual investor. There are websites that help people new to investing in gold bullion have some idea on how to make their first
purchase.
Nonetheless, failing to carry out proper research on the internet to help
us determine whether to buy gold coins or gold bars will usually be something
an investor will regret in the long run. But as there are lots of useful
websites providing up-to-date information on all things to do with bullion
trading, we should not find it too difficult to source well-written articles on
the subject.
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Flexibility
One thing that newbie gold bullion investors should take into
consideration when thinking about which type of gold to buy is the value of
their investment and the product premiums. Moreover, it is vital to take into
account the length of time we plan on keeping the investment, the related
capital gains tax and how we eventually plan to realise the value of our
investment. If we want to buy gold now as part of a plan to preserve our wealth and then
get a return on our investment at a much later time, we will have to decide if
we are going to buy gold bars or coins.
According to
experts in the trading of gold bullion, smaller
unit gold bars like the 1oz and 50g bars - gold coins, in particular - offer
greater flexibility at resale. Indeed,
there are reasons this flexibility would come in use.
You can release part of your investment for cash, or possibly part-sell the commodities. Fortunately for
investors who would like some pointers on buying gold, there are some great
sites offering tips on this matter.
Some of the
more useful advice being provided by experts in buying gold for investment
purposes are shown here:
1. Make sure you have direct ownership of the gold
2. Invest in legal tender coins
3. Ensure you have an investment horizon
4. Use your savings to buy gold
5. Store gold outside the banking system
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| Image Source: Pixabay |
Gold Bars
Another thing
to think about when mulling over the options in gold bullion investments is
that individuals, over time, would often want to change
their portfolios’ balance. An
investor, for example, wants to release half of his 20% of liquid wealth that
is held in a 1 kilo gold bar to reinvest in stocks. However, in such a case, the
investor would have to sell the entire gold bar or just leave it and miss out
on the other potentially lucrative investment opportunities. With this in mind and everything already mentioned in
this article, it would certainly be a good idea to seek advice from someone
with proper authority on the investment of gold bullion.
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