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Buy Gold In Tanzania, If you?ve been wondering where to buy gold in Dar es Salaam these days?you?ve come to the right place.
Gold Bullion Bars
For
those investors looking for variable prices, more designs, and greater
options when it comes to the gold they buy, gold bullion bars are an
excellent choice. As diverse as gold bullion coins can be, there?s no
matching the variety available when you buy gold bars online.
Factors to Consider Before Buying Gold
1. Premium over Spot
Mainly
a part of the discussion when we talk about any gold bullion instrument
? premium over gold spot price refers to how much more a product is
worth (premium charged) over the melt value of gold present in the gold
bullion coin, round, or bar. Factors like their minting source, age,
rarity, and collector demand play a critical role when valuing a gold
product outside its melt value.
Thus,
some rounds, coins, and gold bars of similar weights can have
substantially lower prices compared to their more popular counterparts.
However, gold coins usually enjoy a higher premium than other gold
investment options due to official recognition from a sovereign
government. Even though the face value given to the coin is nominal in
nature, it inspires confidence among buyers.
2. Purity
Though
most bars, coins, and rounds manufactured across the world, be it in
Austria, USA, or China, Tanzania contain 99.9% or 23 carats pure gold,
a few mints like the Royal Canadian Mint surpass the typical purity
levels by using 99.99% pure gold in their products. Even though a 0.09%
purity increase might not seem like a lot, it vaults the gold products
into an elite category of products.
3. Susceptibility to Counterfeit
Precious
metals investments have always been the target of counterfitters
looking to make a quick buck. To battle this issue, many mints implement
unique markers and counterfeit-proof measures, like Sunshine Minting?s
Mint Mark SI? feature and the micro-graving done by the Royal Canadian
Mint. As the counterfeiting is punishable by law and usually carries a
heavy prison sentence and fines, legal tender coins are considered a
comparatively safer option as their legal tender status acts as a
successful deterrent in most cases.
4. Stackability
Storing
gold bullion products can take up considerable space. As secure storage
space is a limited resource, products must be chosen with care.
Stackability of the products purchased will affect the amount/value you
can store in a given area of the limited secure storage at your
disposal. Value per square inch is a critical metric when buying
relatively large quantities of gold bullion. Bullion bars allow
substantially more amounts of gold per square inch compared to all other
investment vehicles. On the other hand, gold coins and rounds are
unwieldy options as they require casings, tubes, or boxes when storing
large numbers.
5. Brand/Series
Famous,
well-known coin series and coins from respected mints are easily
liquefiable due to constant demand for products. Hence, at any given
time you will be assured of scores of both active buyers and
sellers in the market. This ensures that investors can easily divest
their precious metals assets, without having to sell at melt value.
6. New vs. Secondary Market
Another
factor to take into account when purchasing gold instruments is whether
to buy new freshly-minted products or to look for relatively cheaper
secondary-market gold goods. Like any other product or commodity, most
everyone automatically prefers shiny and new. Moreover, there is a
widespread myth among some investors that secondary-market precious
metals products have a lower resale value because of their condition and
lack of finish. Depending on the sentiment and market condition when
the investor is looking to sell, this is not always the case. However,
collectors who treasure gold coins for their collectible value will, in
most cases, prefer mint condition and near-perfect or perfect graded gold coins.
7. Playing the market
For
people who want to ?play the market,? i.e. buy and sell regularly to
earn immediate profits on every transaction, it is essential to invest
in products that can be moved quickly. Even though this is a well-known
strategy, timing the market is harder than it seems. For investors who
want to buy and sell at a moment?s notice, portability plays an
important role in their product choices. However, a healthy risk
appetite is required for playing the market. These investors mostly
prefer smaller, more portable gold investment vehicles such as coins and
rounds.
8. Small Buyers
People
with limited capital to invest in precious metals may not divest as
much as they would desire into gold bullion. Hence, such buyers should
stick to cheaper low-risk gold bullion products with lower premiums over
spot, offering them solid appreciation over time ? granting them with
inflation-proof, financial protection. This is the best way to hedge
against inflation and is recommended by financial advisors as a good
method of balancing portfolios.
9. Large Buyers
These
particular buyers are looking to create a hefty fund to hedge
inflation. When seeking to establish a substantial fund, bars become an
extremely attractive option, as they are the easiest to stack and store.
They come in weights as high as 32.15 troy ounces, making storage
relatively easier when compared to other instruments such as rounds and
coins. However, providing adequate safety and security to this massive
quantity of gold can be a tedious task. Hence, investors are
increasingly attracted towards offshore gold storage facilities,
advertising top-of-the-line security and peace of mind.
10. Collectors
Some
people out there appreciate the true beauty of a beautifully minted
gold coin. Take the coins from the famous American Gold Eagle program
for example, with obverses featuring Weinman?s beautiful Walking Liberty
and the reverses depicting Mercanti?s rendition of a Bald Eagle and a
shield, a symbol of American strength and pride. Collectors buy these
products for their ?artistic? or ?collectible? value rather than their
melt value. For them, there is no right or wrong; they should pick the
products that they consider aesthetically appealing.
As
you would have probably figured out by now, all forms of gold bullion
products have their purpose in an investment portfolio. Hence, a safe
and recommended strategy is to allocate a specific ratio (depending on
you or the advice of your investment advisor) of every type of gold
bullion instrument in your tangible assets. However, it is an entirely
personal decision that one must take after careful deliberation.
Buy Gold Bullion Bars
Buying gold bars is one of the most popular ways to buy gold bullion online today. Gold bars are normally priced lower than gold coins so gold bullion stackers prefer them a lot of times for this reason.
Gold
bars also allow you to accumulate a lot of precious metal value in a
small format. For example, an ounce of gold has traded for $1,500 to
$2,000 over the last decade. An ounce of gold is pretty small and takes
up very little space. Therefore, it?s very easy for hard asset investors
to protect hundreds or thousands of fiat dollars in a small cubic
space.
If you?re a large volume investor, you can buy one kilo gold bars
that easily fit in your hand, but holds thousands of dollars of value
in precious metal. But you don?t have to be a large investor to get
started buying gold bullion bars. You can start off with 1 gram,. 5 gram
or 10 gram gold bars. These gold bars still contain significant fiat
dollar value and they also fit any investor budget out there.
How to Buy Gold Bars
Gold
bars are usually weighed in troy ounce, but there are also some mints
that produce them in grams. Another aspect to consider is the production
method. Minted gold bars bear a smoother surface and may include
designs celebrating national symbols, and cultural representations,
whereas cast gold bars tend to be heavier options with more simplistic
engravings.
Finally,
consider picking products from prominent mints. Because they are
usually more sought-after, it will likely be faster to resell them (if
you decide to do so) than lesser-known mints. Gold bullion bars can be
minted from government mints like the Mwanza Precious Metal Refinery (MMPR) or private mints like the highly recognized PAMP Suisse.
Buying gold bars is a popular investment for both new and experienced physical precious metal investors and long term gold bullion savers. Contact us and Keep reading to learn more about our products.
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