There are several things you should pay attention to when choosing a precious metals reseller and buying your first gold bars. Watch this great video by Mr. Farwest to learn a few tricks.
Here are some key takeaways:
- “Investment demand for gold has increased a lot, pushing the metal price up. You can choose to buy gold from any mint or reseller. I always make sure the sites I use have very fast shipping and safe payment methods.”
- “If you buy gold ingots, pay attention to their packaging which includes a certificate of authenticity and information about metal fineness and weight.”
- “When you start building your precious metals portfolio, you can start with smaller weight gold ingots ranging from 1 g to 10 g, and then move on to larger gold ingots. Smaller weight allows you to gradually build your portfolio without spending a fortune.”
To find out more about how to buy, store and resell gold, and start building your precious metals portfolio, watch the full video here:
To turn on English subtitles, go to the bottom of the screen, click on Settings ➡️ Subtitles/CC ➡️ Auto-translate ➡️ English.
About Mr. Farwest
Led by blogger Bruno Balestra, Mr Farwest is a popular YouTube channel about personal finance and investing in precious metals.