How To Buy Gold Bullion And Gold Coins

With the price of gold at near record highs many people have recently wanted to know how they can buy gold bullion and gold coins. The good news is that buying gold has never been easier. In the past you had to deal with local gold dealers in your limited geographical area. This generally meant you never got the best deal. Fortunately, this has all changed with the help of the Internet.

You can also compare prices for popular gold bullion coins:

$25 Gold American Eagle Bullion Coin 1 2 OZ fine gold    US $800.00

2 x 1 oz PAMP SUISSE bar coin bullion GOLD 9999 24k    US $2,800.00

2010 Gold Panda 1 10 999 Fine Bullion Coin Sealed Mint    US $159.95

50 2010 1 10 oz $5 AMERICAN GOLD EAGLE BULLION COINS    US $7,395.00

FIFTY 2010 1 10th oz AMERICAN GOLD EAGLE BULLION COINS    US $7,395.00

FIVE 2010 US GOLD BUFFALO $50 GOLD BULLION COINS SEALED    US $6,845.00

2x 2010 1 ounce Gold Maple $50 CAD 9999 bullion coins    US $2,897.00

1986 American Eagle $50 Gold Bullion Coin 1 oz    US $1,999.00

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In fact you now have several different options if you want to buy gold bullion. I will do my best to outline each of the different options along with their pros and cons. However, before I go any farther I just want to make it clear that I am not advocating buying gold as investment device. I am not a financial planner and I have no idea where the price of gold is heading. However, if you want to buy gold I promise to do my best to help you find the price for it.

If you are looking to buy large amounts of gold bullion you have two practical options in my opinion. First, you can always consider buying a gold ETFs like GLD or IAU. You can trade these instruments more or less how you would trade stocks. You have to pay broker commissions when buying or selling them and small management fees will reduce your return by a small amount. These ETFs are generally backed up by allocated gold which means their value should be guaranteed.

The other option for buying large amounts of bullion is to sign up with a dedicated gold bullion exchange like BullionVault. Their gold is also allocated, just like ETFs, which means it should also be secure. However, BullionVault does offer a few advantages over just buying gold ETFs. First, they are open 24 hours a day 7 days a week, whereas you can only trade gold ETFs when the stock market is open. Second, you buy and sell gold not only in US dollars but also in Pounds and Euros as well, giving you some added flexibility. Finally, sign-up is free and they even offer you a free gram of gold. How cool is that? You can find out more about BullionVault by visiting their website.

On the other hand, some people like to be able to physically see, touch and hold the gold they own. If this sounds like you, then you probably want to own gold bullion coins and bars. The main advantage to owning gold this way, is that you can be 100% certain of what you own. The downside to this is that it is the more expensive way to own gold. And there is also the risk of theft. Thus, buying gold coins and bars makes sense only for relatively small purchases.

Again, you have two options when it comes to buying gold bullion coins and bars. You can either buy them from a dedicated coin and precious metal retailer or from auction sites like eBay. When you buy from a dedicated retailer you can be more sure that you are getting what you pay for. The downside is that they are more expensive.