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Have the multiple investment gurus and dozens of advertisements finally convinced you to invest in some gold bullion? If you are new to gold as an investment, you have some important learning to do first. You most likely have questions like: Where can I safely buy gold? Is gold easy to sell? What, specifically, is meant by the term “gold bullion?” You definitely need the answers to these questions before you buy. Here is some information to get you started. First, the world markets for gold, which might include mining companies, sovereign banks, investment companies, jewelry manufacturers, etc. set the “spot” price. This is the current price of the commodity of refined gold. As a gold investor, you want your gold in a form you can handle. That’s called bullion, and it typically comes in three shapes – ingots, bars, and coins. Bullion usually costs slightly more (5-10%) than the spot price. Because spot price goes up and down, the cost of gold bullion goes up and down. There is one additional gold coin market which we will not discuss here, and that’s numismatic coins. Those are gold coins which have collector value because of their rarity.

You can buy bullion from any number of dealers, both online and in your local town. Before you buy, do some research and compare prices. Different dealers charge different premiums. If you have a local dealer who has good prices, definitely buy in person. That way you know what you are getting, you know what the options are, and you don’t have to worry about shipping. If you are buying online, be sure to factor shipping and insurance into the price. Know who you are buying from. That’s very important.

Gold bullion is easy to sell when you are ready to do so. Again, you will want to compare dealers so that you get the best price. A dealer who has very low premiums when you buy will not always be the dealer who will give you the best price when you sell. However, almost any dealer buys as well as sells. It is true that some forms of gold bullion are easier to liquidate. If it is especially important to you to have your bullion in a form that is easy to sell, then you might ask several dealers for their opinions about the most easily traded options. Owning physical gold makes many people feel safe in a topsy-turvy world. Gold has also proven to be an excellent investment vehicle over the last ten years. Now that you have this information, you are ready to become a bullion investor yourself.