Gold is considered to be a stable investment as it is relatively independent of financial markets and global currencies. However, gold is also not completely risk free and several factors affect the price of gold all over the world. click here to find out where to buy gold from.
Gold bullion is available in the form of coins and bars. Gold bullion is available at spot price, which is the price that includes the premium over the cash price. The buying price of physical gold is different and usually higher from its selling price at that same time. Gold bullion bought as an investment is exempt from VAT in the UK and EU.
Gold can be bought by mail order, online as well as from local traders. For investors who are looking to buy gold bullion for the sole purpose of investment, it is wise to buy a standard gold coin such as the South African Krugerrands or the UK Britannia coins. These can be recognised and sold anywhere in the world.
The premium that you pay over and above the cash spot price is variable and different traders could offer different prices. The price depends on the type of coin you're buying, the quantity and the profit margin of the trader.
No matter where in the world you're buying gold bullion from, it is always good to be in the know and avoid buying from untrustworthy traders. Fake coins and bullion are out there in the market, so always exercise caution, unless you want to become a cautionary tale!
