{"id":29700,"date":"2023-12-01T11:18:29","date_gmt":"2023-12-01T19:18:29","guid":{"rendered":"https:\/\/www.advantagegold.com\/?p=29700"},"modified":"2023-12-01T11:18:29","modified_gmt":"2023-12-01T19:18:29","slug":"how-to-buy-gold-bars-everything-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.advantagegold.com\/blog\/how-to-buy-gold-bars-everything-you-need-to-know\/","title":{"rendered":"How to Buy Gold Bars: Everything You Need To Know"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">You\u2019ve already decided to buy gold. Now it\u2019s time to research, learn, and decide which gold products will help you reach your ultimate goals.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s hard to go wrong with a precious metal that has held value for thousands of years. But some options may fit your investment style better than others.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This guide will help you understand gold bars. We will teach you not only how to buy gold bars but give you an understanding of:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">What a gold bar is<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">What to consider before purchasing gold bars<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How to find a reliable seller of bars<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How much a gold bar should cost<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Why Investing in Gold Bars Is a Great Option<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Gold bars are refined metallic gold made by bar producers that meet minimum standards for record-keeping, manufacturing processes, and product labeling.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bars are considered bullion\u2014meaning their value correlates with their weight. Bars typically do not have collectible or scarcity value.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because the manufacturing process is less involved and less expensive, bars cost less per ounce than coins.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Secondary factors, like scarcity, collectibility, and supply and demand, can affect the price of coins. These factors can exponentially boost the value of a coin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors who own retirement accounts and are researching how to buy physical gold often come across the precious metals IRA, also known as the <strong><a href=\"https:\/\/www.advantagegold.com\/gold-ira-investment\/\">Gold IRA<\/a><\/strong>.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Gold IRA is perfect for those who want to use tax-deferred investment funds to purchase their gold. Both bars and coins are allowed to be owned in a <strong><a href=\"https:\/\/www.advantagegold.com\/approved-precious-metals\/\">precious metals IRA<\/a><\/strong>.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gold IRA-eligible bars and coins must meet the following IRS guidelines:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gold must be 99.5% pure.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bars must originate from approved manufacturers, all of which are traded publicly on exchanges such as the COMEX.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Coins must be minted by government mints, uncirculated, and in perfect physical condition.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The guidelines help ensure the health of your long-term retirement account. No jewelry, no collectibles, and no pirate ship gold. Nothing that is purely speculative.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before buying bars you should consider the following:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">What weight and purity is right for you?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">What type of bar do you want?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How will you safeguard your bars?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">We will touch on those topics in the next section. Having a clear understanding before purchase can help you seamlessly transition to physical gold ownership.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Key Considerations Before Buying Gold Bars<\/span><\/h2>\n<h3><span style=\"font-weight: 400;\">Weight and Purity<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Deciding on the weight and purity of your desired gold bars often boils down to one thing\u2014your budget.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bars are priced by the weight of the pure gold they contain. Most investors choose bars that are 99.5% to 99.9% pure gold and from top manufacturers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To determine how much gold will fit into your budget, start by checking <a href=\"https:\/\/goldprice.org\/\" target=\"_blank\" rel=\"noopener\">the spot price of gold<\/a>. From there, we can back into the total weight of the bar or bars for our investment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your budget divided by the spot price equals the approximate number of ounces you can purchase.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pretty simple.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gold bars range from 1\/10th of an ounce to 400 ounces. You may break it up any way you see fit.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Bar Type<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In addition to size, you can choose the type of bar you want to own.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bars can be either cast or minted.\u00a0<\/span><\/p>\n<p><b>Cast bars<\/b><span style=\"font-weight: 400;\"> are made by pouring molten gold into forms and allowing it to harden. The manufacturer then stamps the cast bars with the company info, weight, and fineness. They are far from perfect in appearance but beautiful nonetheless.\u00a0<\/span><\/p>\n<p><b>Minted bars<\/b><span style=\"font-weight: 400;\"> are cut from preformed smooth sheets of gold. Their refined finish and smooth surface give minted bars a more decorative look. They cost more to produce and therefore cost more to purchase than cast bars.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Storage and Insurance<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Keeping your investment safe should be on your mind even before taking receipt of your gold bars.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you purchase bars inside your IRA, problem solved. The IRA mandates that all physical assets be held in a neutral, guarded, and insured location. There are depositories (vaults) around the country that are IRS-approved to safely store your gold.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cash-purchase investors have their bars directly delivered to their doorsteps.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before storing your gold at home, consider taking the following steps:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Buy a safe that you can bolt to the floor or is too heavy to carry away.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Purchase insurance coverage for your investment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Keep your purchase to yourself. No one needs to know you own gold or that it\u2019s in your home.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Speak with your homeowners insurance agent for directions on how to insure your gold.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The Importance of Finding Reliable Sellers of Gold Bars<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Knowing where to buy physical gold is just as important as knowing how to buy bars of gold.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When your financial future is on the line, whom you trust with your money means everything.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Go above and beyond when vetting your gold source.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the next section, we will give you tips on what to look for, look at, and run from.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Comparing Gold Bar Sellers<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It isn\u2019t difficult to learn what you need to know about your potential gold seller. The internet is where your search should start.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Established, highly rated precious metals firms will have a verifiable history that they are happy to share.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Online reviews mean everything in the precious metals world. There are scores of sites where clients can leave unbiased opinions for the world to see. The list includes:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">TrustLink\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Trustpilot<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Google Reviews<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Better Business Bureau<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Facebook<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Yelp\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Consumers feel safe giving their opinions from the comfort of their homes. We recommend you search for the poor reviews as well as the good reviews. You want to know what to expect, and others\u2019 experience can be a great teacher.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Make sure the feeling you get when speaking to potential companies matches what their clients say about them.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Advantage Gold is the highest-rated precious metals firm. We have thousands of five-star online reviews and want you to read them. We encourage our clients to share the good, the bad, and the ugly.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s important to speak with several firms. Gather pricing from all. Most importantly, use common sense.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gold bars are the least expensive option for investment-grade gold. They trade slightly above gold\u2019s spot price. Expect to pay a reasonable price over spot and experience a fair trade.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If a gold company offers you a deal that sounds too good to be true, it probably is.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Advantage Gold doesn\u2019t buy gold at spot price or below, and chances are neither does any other reputable company. There is no way to sell <strong><a href=\"https:\/\/www.advantagegold.com\/approved-precious-metals\/gold-coins\/\">IRA-eligible gold<\/a><\/strong> or direct-delivery bars and coins below spot and stay in business. There would be no profits to pay salaries and keep the lights on.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Run from any representative offering you spot pricing or \u201cfree gold\u201d offers. Nothing is free, especially gold, and you can be certain that the cost of your free gold is buried in the cost of something else.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You will pay, one way or another.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The Average Costs of Buying Gold Bars<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Pricing for gold bars can fluctuate from source to source. When reviewing sources, be sure to compare apples to apples. There are factors that can cause one bar to be more expensive than another. Ask these questions:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Is the bar cast or minted?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">What refiner, assayer or manufacturer made the bar?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">What\u2019s the fineness of the bar?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How many ounces is the bar?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Remember to add costs of ownership to the price of the gold.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If storing your gold at home, include the costs of a safe, insurance, and possibly a home alarm system.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gold IRA owners factor in a one-time application fee and the yearly fee that covers the storage and insurance of your gold. The fee also covers the full administration of your precious metals IRA.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As Smokey Robinson said, \u201cYou better shop around.\u201d<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Should You Invest in Gold Bars?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You should own gold bars. You should own gold coins. Gold is a great long-term investment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By now, you should have an idea of what data to evaluate and how to buy <strong><a href=\"https:\/\/www.advantagegold.com\/blog\/gold-coins-vs-gold-bars\">real gold bars and coins<\/a><\/strong>.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Adding gold bars to your individual retirement account is easy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you own a <strong><a href=\"https:\/\/www.advantagegold.com\/blog\/traditional-gold-ira-vs-roth-ira-whats-the-difference\/\">traditional or Roth IRA<\/a><\/strong>, the experts at Advantage Gold can transfer it to a Gold IRA. If you are 59 \u00bd and own a 401(k), or own a 401(k) from a previous employer, we can roll over that plan to a Gold IRA.\u00a0<\/span><\/p>\n<p>The <strong><a href=\"https:\/\/www.advantagegold.com\/blog\/what-is-a-gold-ira-rollover\/\">Gold IRA rollover<\/a><\/strong> and transfer are tax-free and penalty-free.<\/p>\n<p><span style=\"font-weight: 400;\">Advantage Gold has walked thousands of clients through the process. We make it fairly quick and painless.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Call us today, or <strong><a href=\"https:\/\/www.advantagegold.com\/contact\/\">click the link<\/a><\/strong> and we\u2019ll call you. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You\u2019ve already decided to buy gold. Now it\u2019s time to research, learn, and decide which gold products will help you reach your ultimate goals.\u00a0 It\u2019s hard to go wrong with a precious metal that has held value for thousands of years. But some options may fit your investment style better than others.\u00a0 This guide will [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":30335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[47],"tags":[1356,1357,1358],"class_list":["post-29700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-archive","tag-how-to-buy-bars-of-gold","tag-how-to-buy-physical-gold","tag-how-to-buy-real-gold-bars"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/posts\/29700"}],"collection":[{"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/comments?post=29700"}],"version-history":[{"count":0,"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/posts\/29700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/media\/30335"}],"wp:attachment":[{"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/media?parent=29700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/categories?post=29700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/tags?post=29700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}