Buying gold and silver bars is the cheapest way to buy gold and silver. Bullion usually has the lowest premiums than cash notes because they are cheaper to manufacture than gold or silver coins. Another simple principle is that buying in bulk is practically always cheaper. Most dealers offer a lower premium per ounce (or whatever unit of weight you measure) when you buy a certain amount of ingots at a time.
Although BGASC offers a complete line of gold products, its main purpose is to sell gold coins in ingots. If you decide to store your gold, you can open a deposit account and store your gold directly in SD Bullion and fully insure it by Lloyd's of London. However, if you want the best overall, a one-stop shop for your gold purchases, Money Metals Exchange should be at the top of your list. In addition to a wide range of gold and silver coin and ingot products, APMEX also has a wide selection of platinum and palladium products.
Buying gold online is as safe as any other transaction you make over the Internet, as long as you know that you are trading with a reputable company. When they buy their gold bars to sell to the public, the supplier will offer them cheaper prices on larger orders. Another option that allows customers to buy precious metal stocks is mining stocks, except that these shares are obtained through the stock exchange of gold and silver mining companies. The secret is to pay the lowest premium per unit of weight, which is not always deducted from the price of a finished gold product.
SD Bullion offers a full range of precious metals, such as gold, silver, platinum, copper and palladium, but its product selection is more limited than that of some of its main competitors. New investors will appreciate the APMEX resource center on its website, which provides educational information along with current information on buying gold. Including physical gold bars in your investment portfolio is a good way to protect yourself against stock market volatility. Buying copper and platinum from an online seller entitles them to the same benefits offered when ordering gold and silver online, such as easier accessibility, better prices and more privacy.