Nowadays, in addition to purchasing gold from nearby physical stores, people tend to buy gold bullion from eCommerce websites such as GoldStackers. As compared to gold coins and jewellery, gold bullion or bars can come at less cost. Gold bullion is indicated by the assay stamp that acts as a guarantee in both the gold’s weight and purity. It is valued based on the current market value of gold. For more details, you can visit website of a trusted eCommerce platform.
Most investors use gold bullions as a long term investment rather than a short term gain. Even though the gold market fluctuated during 2016, many gold dealers still believe that “gold has incredible constant demand”.
When buying gold bullions, there are few things that you need to keep in mind for quality. Let’s take a look.
Purity
Make sure what you want is what you buy. Check the gold purity before you buy, as many dealers are selling counterfeit gold. Karat is the most utilized measure to check the purity of gold. The quality of the gold also increases with the karat level. Therefore, 18, 22, and 24 karat gold is considered the purest form of gold. While buying gold bars for investment purposes, look for 24K or buy 22K for your purpose.
Refinery
Gold bullions or bars refined at well-known refineries guarantee the highest level of purity. Knowing from which refinery your gold bullions have been coming from helps a lot while purchasing gold bullions online.
Tolerance Level
The weight and purity tolerance level of gold defines another quality factor. You will find some gold bullion with a +/- tolerance level, while others may come with NIL negative purity tolerance and NIL negative weight tolerance. It assures you that you get what you paid for.
Fineness
Though you can check the purity of gold bars with minimal fineness, a percentage or per decimal rating can also be used. Fineness states the purity in parts per thousand rather than karats. When you see a gold bar that is refined to a fineness level of 999.9 parts per thousand, it is defined as 999.9.
Denomination
Opt for gold bullions with lower denominations. It can help you to maintain liquidity when you need it. The denomination of gold bullions is available in 5gm, 10g, 50g, and 100g or even up to 1 kg.
Colour and Shininess
Genuine gold bars have a whole different level of shininess and beautiful yellow colour. It represents the purity of the gold. If the gold bar is too shiny or has another colour tone than yellow, it’s not pure gold.
Certification
The only certificate you need to check while buying gold bullions is Hallmark certification. Online sellers such as GoldStackers ensure that you get the best-Hallmarked gold bars. Visit the website of a trusted eCommerce platform to know more about Hallmarked jewellery and gold bullions.
Packaging
When you purchase gold bullions or bars online, please don’t take them out of the packaging. Keep them packed as it can help you in maintaining the purity of the gold.
Gold bullions have proven to be a solid investment in hard times. Due to the metal’s durability, purity, design, and industry applications, gold bullions will always be in demand.
DISCLAIMER: The information provided on InvestmentTotal.com is for general informational purposes only. The content on this website is not intended to be, and should not be construed as, professional financial advice.