BUY PHYSICAL GOLD ONLINE – CHEAP PHYSICAL GOLD BARS FOR SALE
Can I buy physical gold online from Africa? YES! Investing in physical gold bars is by far the wisest decision any investor can do. How or where you can buy your physical gold bar shouldn’t be something to worry you but your readiness. We are a trusted company when it comes to gold investment and regardless of your location, you can connect with our team online. Through our online platforms, you can easily buy gold in Uganda in its physical form.
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HOW TO BUY PHYSICAL GOLD?
Often investors turn to gold as ideal investment area for many reasons. Gold is considered to be a safe haven especially when tough economic times hit. Here are some of the various ways that you can own gold;
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GOLD BULLION
Buying gold bullion is considered to be the most satisfying option that an investor can own gold. You can buy gold in bars or coins, and it is possible to get some online through our experts. However, gold bars/coins require adequate protection.
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GOLD FUTURES
The beauty with gold futures is that you can predict if the price of gold will increase or decrease. You can even take physical delivery of gold in case you need to, but often the physical delivery isn’t what motivates the speculators. The advantage with gold futures is that one can own several futures at the smallest amount of money and when the gold futures go your direction, and then you stand a higher chance to make huge sums of money.
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MINING STOCKS
There is also an option of investing in mining stocks where you can own the mining business. This is perhaps the best option for investors and comes with 2 benefits: the price of gold increases as the profits also rise; the miner can raise production overtime. Other options include buying an exchange traded fund (ETF).
Physical gold Vs ETFs –the physical gold provides investors layer of protection and security which you won’t get when you go for Gold Exchange Traded Funds.
The gold ETF is an exchange traded fund and gold is the principle and only commodity being traded. Like banking crisis, ETFs companies are considered vulnerable, unpredictable and controlled outside investors’ hand.
The ETF usually don’t give full physical backing –whereby if there is high demand, and clients want to take delivery of physical bullion, it may not be available at that time.
WHY INVEST IN PHYSICAL GOLD WITH US?
- Guaranteed value & low premiums.
- Secure storage.
- Peace of mind with buyback service available.
- Confidentiality 100% guaranteed.
FACTORS TO PUT INTO CONSIDERATION WHEN PURCHASING GOLD
Once you have made up your mind to invest in physical gold in Uganda or any country, here are some of the essential factors to consider;
- Secure storage –and this shouldn’t be your home
- Insurance –if you decide to store it at home, then get home insurance.
- Provenance –consider dealing with reputable company.
- Purity –know the gold contents of pure gold.
You may also like to know; Where Can I Buy Raw Gold?
Buy Physical Gold Online:
Frequently asked questions about physical gold:
1. What is physical gold?
Answer:
Physical gold refers to tangible gold assets like gold bars, coins, and jewelry that you can hold in your hands. It differs from “paper gold,” such as ETFs or gold certificates, as it has intrinsic, physical value.
2. Why should I invest in physical gold?
Answer:
Physical gold serves as a hedge against inflation, currency devaluation, and economic instability. It is a tangible asset that retains value over time and diversifies investment portfolios.
3. What types of physical gold are available for investment?
Answer:
The main types of physical gold include:
- Gold Coins (e.g., American Eagles, Krugerrands)
- Gold Bars (ranging from 1 gram to 1 kilogram or more)
- Gold Jewelry (less common for investment due to higher premiums).
4. How is the value of physical gold determined?
Answer:
The value of physical gold is based on:
- Spot Price: The current market price per ounce.
- Purity: Gold’s fineness, often expressed as 24K (99.9% pure) or 22K (91.6% pure).
- Weight: Measured in grams, ounces, or kilograms.
- Premiums: Additional costs for minting, transportation, and seller fees.
5. What is the difference between 24K, 22K, and 18K gold?
Answer:
- 24K Gold: Pure gold (99.9% pure).
- 22K Gold: 91.6% pure, mixed with other metals for durability.
- 18K Gold: 75% pure, commonly used in jewelry for its balance of durability and gold content.
6. How do I verify the authenticity of physical gold?
Answer:
- Look for a hallmark or assay stamp.
- Use a gold testing kit or a magnet (real gold is not magnetic).
- Consult with a professional jeweler or appraiser.
- Check the serial number on bars or coins against the manufacturer’s database.
7. Where should I buy physical gold?
Answer:
Buy from reputable dealers, mints, or financial institutions. Online platforms with strong customer reviews or local gold shops with a good reputation are ideal. Ensure the seller provides a certificate of authenticity.
8. Is physical gold taxable?
Answer:
Taxes on physical gold vary by country:
- In the USA, sales of gold are subject to capital gains tax when sold for a profit.
- Some countries, like Singapore, exempt investment-grade gold from taxes.
Check your local regulations for specifics.
9. How should I store physical gold?
Answer:
- Home Safes: Store in a fireproof and secure safe at home.
- Bank Safe Deposit Boxes: Provide added security but come with rental fees.
- Third-Party Vaults: Professional storage with insurance coverage.
10. Can physical gold be insured?
Answer:
Yes, physical gold can be insured through home insurance policies or specialized insurance providers. Coverage typically includes theft, loss, or damage.
11. What is the resale value of physical gold?
Answer:
The resale value depends on:
- The current spot price.
- The purity and weight of the gold.
- Dealer or buyer premiums.
Selling to a reputable dealer or bullion exchange ensures competitive pricing.
12. Is buying gold online safe?
Answer:
Yes, if you purchase from trusted and well-reviewed dealers. Ensure the website has secure payment options, a return policy, and offers certificates of authenticity.
13. What is the difference between bullion and numismatic gold?
Answer:
- Bullion Gold: Focused on gold content, used for investment (e.g., bars, coins).
- Numismatic Gold: Rare or collectible gold coins valued for their rarity and history, not just their gold content.
14. What is the smallest amount of physical gold I can buy?
Answer:
Gold bars and coins are available in sizes as small as 1 gram. Some mints also produce fractional coins (e.g., 1/10th ounce).
15. What are the risks of investing in physical gold?
Answer:
- Storage Risks: Theft or loss if not securely stored.
- Liquidity: Selling gold may take time, especially for large quantities.
- Premium Costs: Buyers often pay higher premiums than the gold’s spot value.
- Price Volatility: Gold prices can fluctuate in the short term.
16. What is the difference between spot price and premium?
Answer:
- Spot Price: The market price for gold per ounce.
- Premium: The additional cost above the spot price, covering minting, transportation, and dealer profit.
17. Should I buy gold bars or coins?
Answer:
- Gold Bars: Ideal for large investments with lower premiums per gram.
- Gold Coins: More flexible and easier to sell, but with slightly higher premiums.
18. Does physical gold generate passive income?
Answer:
No, physical gold does not generate income like dividends or interest. Its value lies in its potential for price appreciation and wealth preservation.
19. How often should I clean my physical gold?
Answer:
Cleaning should be minimal to avoid wear. Use warm water, mild soap, and a soft cloth. Avoid abrasive materials or harsh chemicals.
20. Is physical gold a good gift?
Answer:
Yes, gold coins, small bars, or jewelry make timeless and valuable gifts, especially for special occasions like weddings or anniversaries.