How to Buy Gold Bars in Phoenix, Arizona

How to Buy Gold Bars in Phoenix, Arizona thumbnail
Gold bars you can buy

Since 1974, when Congress legalized the ownership of gold bullion by private citizens, many wise gold investors have purchased bullion in the form of gold bars or ingots. If you reside in Phoenix, Arizona, and wish to buy gold bars, you're in luck, as there are many precious metals dealers in your metropolitan area selling 0.9999 fine gold (the highest level of purity). Buying locally may save you some money on shipping or insurance, meaning you can afford to buy more gold.

Things You'll Need

  • Phone
  • Internet
  • Sufficient funds to complete your gold purchase
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Instructions

    • 1

      Contact and/or visit several local Phoenix-based gold dealers, such as CMI Inc., Only Gold, or ITM Trading Inc. Explain that you wish to purchase 0.9999 fine gold bars and inquire about their prices, minimum purchase quantities (if any) and their payment/credit terms.

    • 2

      Compare prices. Different dealers have different pricing, terms, etc. If you shop around a bit, you may save some money.

    • 3

      Purchase your gold bar(s), and take physical possession of them. By buying locally, you will avoid any shipping or insurance charges.

    • 4

      Store your gold in a safe, secure environment, and don't boast about your purchase to anyone.

Tips & Warnings

  • Keep in mind that gold is a commodity. The larger the amount of 0.9999 fine gold you can afford to buy, the smaller the sales premium (dealer markup). The price of gold fluctuates on a daily basis. You may wish to wait for a slight decrease in prices before purchasing yours.

  • If you do not have one already, consider renting a safety deposit box as a secure place to store your gold bars.

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References

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  • Photo Credit lingots d"or image by dead_account from Fotolia.com

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