eHow launches Android app: Get the best of eHow on the go.

How To

How to Buy Gold Bars (Bullion)

Contributor
By deversole
eHow Contributing Writer
(3 Ratings)
Create Your Own Pot of Gold
Create Your Own Pot of Gold

The economic times are difficult and the dollar continues to sink in value. This means gold is becoming an ever increasing solid investment. Any investor looking to buy gold should look to buy gold bars or bullion. It isn't hard!

Difficulty: Moderately Easy
Instructions
  1. Step 1
    Gold Bars
     
    Gold Bars

    Develop a plan on how much to invest. This means setting a specific amount to buy gold bars. Make sure that any money used to purchase gold is cash on hand, do not buy gold bars on credit.

  2. Step 2
    Gold Bars
     
    Gold Bars

    Decide on how much gold bars to buy. Gold is measured in troy ounces and the common gold bar comes in 10 troy ounces. Of course there are higher amounts and a few lower amounts. However, anything under 10 ounces is normally in gold coins. After deciding on the amount begin searching for a creditable dealer.

  3. Step 3
    Don't Forget About Gold Coins
     
    Don't Forget About Gold Coins

    Search for a gold dealer that has a solid record of customer satisfaction. Ask many questions about the purity of the gold? Where the gold is from? How long until the gold will be delivered? Finally, do they guarantee the quality of the gold? Do some homework before investing in gold.

  4. Step 4
    eHow
     
    eHow

    Explore eHow for more information about investing in gold.

Tips & Warnings
  • Have a plan to store the gold. Don't hesitate in renting a safe deposit box as the value of gold has been $900-$1000 per troy ounce. Also, gold can be great asset for any retirement plan.
Resources

Comments  

soanyway said

Flag This Comment

on 3/28/2009 Good advice, now where to get $10K! LOL I have recomn'd you

Subscribe

Post a Comment

Post a Comment

Related Ads

  • Have you done this? Click here to let us know.
I Did This
Get Free Personal Finance Newsletters

Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy.   en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.

eHow Personal Finance
eHow_eHow Business and Finance