We believe that Gold bars are the smart choice for anyone looking to leap into Canada's most valued mined mineral. We provide the full details here:
Why Gold bars?
It is not easy to choose between Gold coins, bars, and ETF (Exchange-traded funds). But gold bars, also known as bullions or ingots, are the best choice if you ask us. Their low premium because of less expenditure on intricate design and labour spent on coins makes gold bullions the most preferred gold investment.
Gold bars are space-saving too. Gold bars were first invented to cut down on storage space because coins of the same value may take up to twice or more of the space needed for bars.
These days’ new investors are confused between cryptocurrency and gold, and to them, we say; gold is forever. Buy Gold bars to buy liquid, private and solid assets. Don’t know where to start? We’ll help you out!
Choose the right size
Consider investing in sizes that can easily liquidate the bars when needed. For example, you may think of buying Canada gold bars priced at CAD $2000 per ounce with your savings of CAD $20,000. Even though it may seem convenient to buy one bar of 10 ounces, it may not be workable in the long run. Remember, it may be difficult to find a buyer for a 10-ounce bar if you want to sell quickly. So, the best choice may end up being 1-ounce bars.
Choose the right brand
Gold bars with only the right hallmark or stamping are worth buying. Sovereign mints like the Royal Canadian Mint and Perth Mint or Valcambi, Johnson Matthey are some of the most reputable refiners to look out for on the bar. Buying a gold bar with an elite hallmark ensures that the gold is of high quality and purity.
Buy from the right dealer
It is not easy to select the best gold dealer to buy from, but we provide some pointers to spot the good ones:
- Strong rating and positive reviews: Repeat customers and word of mouth still work the best in the gold trade and can always be banked.
- Large dealers: Those with small selections may not be as flexible as the large ones. Make sure the delivery time is also short.
- An online store: An online store can save a trip to the physical one and be quick and easy for trading. But beware of fraudulent websites that steal your money. Do proper research to find authenticated and authorized dealers online.
That’s it, folks! We hope our short guide to Buy Gold in Canada, Ontario, and Toronto aided you at the beginning of your gold trade journey. Gold is an investment that keeps on giving, and bars are the best way to store it.
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