How to Buy Small Quantities of Gold

Monex Precious Metals notes, "For centuries, buying gold has been recognized as one of the best ways to preserve one's wealth and purchasing power. Gold is a unique investment, one that has served mankind well for thousands of years." Purchasing gold is a great investment. You can store it in your house without paying bank fees or taxes, and gold is small enough to be easily concealed and placed in a safe.

Things You'll Need

• Internet access
• Phone

Instructions

1. Decide how much money you want to spend on gold. This will determine what type of gold you buy. Gold bullion typically comes in coins or bars, with coins being the least expensive.

2. Find a retailer. It is generally best to purchase gold from a precious metals company that specializes in gold distribution. While it is possible to purchase gold in person at a local coin shop, it's difficult to determine if you are getting a good price based on the age and condition of the coin. The U.S. Mint website provides a list of bullion retailers who sell gold online. Buying gold online is a very cost-effective way of purchasing because you are able to easily compare the prices of different companies.

3. Make your purchase. Some companies require you to call them on the phone to make your purchase, whereas others allow you to purchase your gold directly from their websites. The gold will be shipped to you in the mail and typically arrives in two to three weeks unless you ask for expedited shipping.

References

• Monex Precious Metals
• US Mint

Resources

• Read this Article in Spanish
• Kitco
• Kiplinger