Gold has been used for thousands of years as a highly sought-after form of currency and it still holds its value today. This precious metal has a place in every well-balanced investment portfolio due to its reliability and ability to gain value independently from the equities market.
At Sprott Money, we are here to demystify the gold buying process. We make it easy to order high-quality gold coins and bars online and offer secure storage options to protect your investment. Find out how easy it is to invest in gold today.
While gold is an excellent long-term investment, you might have questions about where to begin. Discover all the answers to your questions here so you can buy with confidence.
Buying gold is a great way to diversify your portfolio because it tends to hold its value long-term. Diversification is essential to protecting your portfolio in times when the stock market is in turmoil. It is also typically less volatile than other assets such as stocks, but still provides great liquidity so you can sell it quickly if you need to.
Historically, gold prices have risen steadily, regardless of market activity. That is why it might be a good idea to buy gold soon before prices rise, so you get the most gold for your investment. However, while all investments carry some risk, buying gold is generally a solid investment, no matter when you purchase it.
Gold bullion refers to the purity of the gold you are buying. Because gold is a soft, natural metal, it may contain some impurities. The higher the purity of the gold, the more valuable it is. Gold bullion is 99.5% pure gold or higher and is considered investment grade.
There are several different ways to buy gold, and there are advantages to each type. Learn more about gold coins, rounds and bars.
Gold coins are created by government-owned mints and could be used as a form of currency in the country where they were issued. They come in a variety of weights and sizes, and their value rises in relation to the value of gold itself.
Gold rounds are similar to gold coins, except that they are created by private mints and cannot be used as currency. They may feature decorative designs and can be sold in a wide range of sizes starting at 1/10 of an ounce. They are a great choice for collectors looking for a relatively low-risk investment.
Much like the name implies, these are solid bars of gold. Popular with high-net-worth investors, they come in all weights and sizes and feature a serial number for identification and security purposes. They are ideal for people who simply want to invest in this precious metal.
The price of gold fluctuates daily, but so far, in 2021, the average closing cost has been just under $1,800 per ounce, according to MacroTrends. This is up from an average closing cost of $1,773.73 in 2020 and $1,393.34 in 2019. Gold coins and rounds tend to cost a bit more due to production costs.
If you are interested in purchasing investment-grade gold products, we are here to help. Buying gold coins and bars is a substantial investment and we are proud to share our knowledge and experience to help get you started.
We offer gold bars, coins, and other gold bullion options for you to choose from.
After you have made your selection, you will be prompted to enter a credit card to lock in your price. We will send you an order confirmation for your peace of mind.
We offer many payment options including bank bill payment, bank wire, bank draft and credit card purchases (for orders under $5,000).
Once your payment is received, we will ship your order. If your package is lost during shipping, it is insured, and you will be reimbursed.
Because of the value of your merchandise, you are required to sign for it upon receipt. This is to ensure that it arrives safely.
At Sprott Money, we make it easy to buy gold bars and coins at competitive prices and are committed to making the process safe, secure, and seamless. Find out why we are one of the most trusted precious metal dealers in the country.
Sprott Money is committed to providing expert insight and quality service to all our clients. We have more than a decade of experience and can guide you through your purchase so you can buy with confidence.
Many people prefer to have secure off-site storage for their gold. We work with some of the most reputable vaults around the world to ensure that your investment is protected from theft or damage.
While gold prices fluctuate daily, you will find our own prices are very competitive. This allows you to get the most out of your investment.
If you are interested in adding some diversity to your investment portfolio, gold can be an intelligent choice. Browse our gold coins and bars today or check out our in-depth insights into the future of precious metals to learn more. Get started today.