How to Buy Gold for Investment

Written By Colin Kuehn  |  Gold 

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Whether you are looking to buy gold for investment purposes, or simply looking to own some gold for a more permanent investment, there are a few different ways you can go about it.

You can purchase gold as a bar or coin, you can invest in the stocks of companies that mine and refine gold, and you can also set up a gold IRA account to use your retirement funds to purchase precious metals.

We'll go over each option in more detail below...

a stack of gold coins with an investment char in the background

1. Gold IRA

Investing in a gold IRA is a great way to add physical precious metals to your retirement portfolio.

However, you should be careful when choosing a company to buy from. Many of the companies in the industry are not regulated, and they may offer unnecessary or misleading services.

Choosing a reputable company can help you make the most of your retirement savings.


When shopping for a gold IRA company, you should consider how much they charge for their services. Some companies charge a one-time setup fee, while others have a yearly maintenance fee. It is best to look at a few different companies before making a final decision. This way, you can compare prices to find the best deal. It is also wise to look at the types of precious metals they offer.

Variety of Precious Metals Investment Options

The best gold IRA companies offer a wide selection of precious metals, so you can choose one that meets your needs. These companies are also known for their transparency, and they will make the costs of their services clear. These companies also offer educational materials that can help you learn about gold and other precious metals.

Many gold IRA companies also provide a free information pack. This package is not a commitment to sign up, but it does give you a good idea of what the company is like. It also gives you a chance to ask questions and get advice from the experts.

Variety of Precious Metals Investment Options

The best gold IRA companies also offer expert advice on choosing the right precious metals for your needs. They will also help you sort through the confusion that can occur when considering which precious metals are best for your situation. They also have representatives on hand to help you navigate the process. These companies can also offer you an easy way to fund your gold IRA. They may also offer you free storage for the first year.

Pick a Company With High Ratings from BBB and Others

When choosing a company, you should look for companies that are accredited by the Better Business Bureau. Some review sites, such as Trustpilot and Google Business, also offer reviews. You can also look at sites like Yelp, Business Consumer Alliance, and Trustlink. This will give you a good idea of a company's reputation and track record.

Avoid High-Pressure Sales Tactics

Some companies are known for their high-pressure tactics. They may use fear tactics and claim that an economic disaster is on the horizon. However, these are typically exaggerated. They may also promise a "special one-time deal" that is never repaid. The most reliable companies will not pressure you to make a purchase you are not comfortable with.

Choosing a company that offers a high level of expertise can help you make the best investment decisions. They will also ensure that your rollover follows IRS regulations. A company that has an advisor on hand to answer questions and provide expert guidance will make the process of choosing and investing in a gold IRA easy.

For us, Goldco checks all of these boxes, and more - learn more by getting their free gold investment kit:

a large pile of gold bullion bars

2. Gold Bullion Bars

Investing in gold bars is a great way to diversify your portfolio. Gold is a precious metal with international value. It is the most valuable metal in the world. Gold bullion bars offer an investment option that provides a tax-advantaged way to own pure bullion bars.

Gold bars come in different shapes, sizes, and weights. One of the most popular sizes is the 1 Troy oz. However, you can also buy gold bars in larger sizes. Larger bars are less expensive to produce and offer lower premiums.

Ensure You're Buying REAL Gold

When buying gold bars, you'll want to be sure you're getting a quality product. You should check the bar's weight, form, and hallmark. Also, you should check the price and the premiums.

Gold bullion bars can be purchased at coin shops, banks, and online retailers. Online retailers offer lower prices because they buy in larger volumes. However, you should make sure you're purchasing from a reputable dealer.

Check Delivery Time and Cost

You'll also want to check the delivery time and cost. Some retailers offer discounts for wire transfers or credit card purchases. You can also check for negative feedback, which could indicate that the seller failed to deliver the item or charged exorbitant shipping and handling fees.

Where to Buy Gold Bars

Gold bullion bars are a great investment option for those looking to hedge their bets against volatile assets. They are easy to hold and are considered a more reliable alternative to gold coins.

A few of the most reputable gold bar producers are Credit Suisse/PAMP, Royal Canadian Mint, and Umicore.

You can also purchase gold bullion bars from private sellers on eBay. Alternatively, you can purchase from a local coin shop or pawn shop. However, be aware that these dealers tend to charge higher prices than online retailers.

a large stack of gold coins

3. Gold Coins

Investing in gold can be a great way to diversify your portfolio. However, you must be careful. The risk of buying gold coins online can be significant. The best way to avoid being scammed is to buy from a reputable dealer.

Collectible Gold Coins vs Bullion Coins

Coins are sold in two main types: collectable coins and bullion coins. Collectible coins are rare, but they usually sell for high premiums. The prices of collectible coins depend on several factors: rarity, market value, and condition.

Bullion coins represent strong investments in the collectible coin market. Government mints produce these coins each year and guarantee their value. The government mints also sell them as legal tender.

Deciding How to Buy Your Gold Coins

If you have an Individual Retirement Arrangement (IRA) you may be able to buy gold coins. However, you cannot take the coins home. If you do not have an IRA, you will need to file paperwork to purchase coins, or you can consider rolling over your existing 401k into a precious metals IRA, if you're eligible. 

When you purchase gold coins, you should look for a dealer that has a buyback policy. A buyback policy shows that the dealer is likely to continue in business.

Many dealers offer price-match guarantees. This means that if you find a better price for a certain coin, the dealer will match it. You should also look for a dealer that has a toll-free telephone number, as well as a live chat option. Some dealers will accept returns within three days.

You can also check out the US Mint website for information. If you find an American Eagle coin that you like, you can purchase it directly from the U.S. Mint. They also offer free shipping for frequent buyers.

Online bullion dealers accept various forms of payment, including credit/debit cards and PayPal. Some also accept select cryptocurrencies. These types of payment methods have different fees, so check with the dealer before completing the transaction.

a large pile of gold jewelry

4. Gold Jewelry 

Investing in gold jewelry can be a great idea. It has potential to be a safe investment with long-term potential and can diversify your mix of businesses. However, there are a few things you need to know before purchasing jewelry.

The best place to start is at a reputable jeweler. Check their credentials and certifications, to ensure you are getting the quality gold you want.

Gold is an expensive metal. You should never expect to make a fortune in gold investing. Instead, you should aim for long-term growth. You may also consider adding gold jewelry to your homeowner insurance policy. This way, your insurance policy will help you cover the cost of jewelry if it gets damaged.

Find a Reputable Gold Jewelry Dealer

The best place to find gold jewelry is in a reputable jewelry store. Check out their websites for online reviews. Some stores may offer a special premium for purchasing gold jewelry from them.

Buying gold jewelry is easy, but you should be careful. Avoid buying jewelry in open marketplaces. There are many factors that can influence the value of your jewelry.

Exercise Caution

Buying gold jewelry is easy, but you should be careful. Avoid buying jewelry in open marketplaces. There are many factors that can influence the value of your jewelry, and you don't want to fall victim to a gold scam.

You should also consider the purity of the gold. The higher the purity, the more money you will be able to get back when you sell the jewelry. This is because gold can be damaged easily. Gold jewelry will also last a long time, making it an investment you can keep for the rest of your life.

It's always wise to shop around. You may be able to find a rare piece, and you may also be able to buy jewelry at a lower price.

The best way to get started with jewelry investing is to buy gold from a reputable source. This will allow you to get the most for your money, and the best value.

a gold futures chart

5. Gold Futures

Buying gold using futures is an interesting way to diversify your investment portfolio. It is also a useful tool for wealth preservation and wealth appreciation. However, it comes with its own set of risks. For example, gold futures offer a lot of leverage and can result in huge losses.

In addition to buying gold using futures, you can also purchase and hold physical gold. Buying physical gold is much easier than buying futures contracts. However, it can be difficult to liquidate coins quickly.

There are many options for buying gold using futures, including CME Group's gold futures and CME Globex. There are also brokers that offer stop-loss services to decrease the damage of bad trading positions.

Gold Futures Overview

A gold futures contract is an agreement between the seller and buyer to deliver an asset at a certain price on a specified date in the future. This can be a great way to speculate on the price of gold. The main downside is that gold futures can be very expensive, as well as the risks associated with them.

Unlike buying gold, gold futures and options are a good way to participate in gold price fluctuations up or down. However, it is important to choose a broker wisely. Some brokers are more adept at handling gold bullion delivery than others.

Some brokers also require investors to close their positions before the settlement date. This isn't a particularly cost-effective process, and it can lead to large losses.


The best way to buy gold using futures is to diversify your portfolio. This will help protect you from a large loss. However, diversifying your portfolio won't guarantee big returns. You'll have to spend time evaluating and adjusting your investments to ensure that they're generating the highest possible returns.

That said, investing in futures can be pretty risky, especially if you don't know what you're doing. The best bet is to consult with your financial advisor to help you navigate these waters.

a gold mining stock chart

6. Gold Mining Stocks or ETFs

Investing in the stocks of companies that mine, refine and trade gold can be a great way to gain exposure to the commodity. But there are certain factors to consider before deciding on a gold investment.

While gold is often considered a safe haven during market turbulence, it does come with its own set of risks. For example, investing in gold can lead to concerns about human rights and environmental concerns. The mining industry is cyclical, meaning it's prone to recessions.

Alternative to Buying Physical Gold

The best gold investments are those that offer a combination of stability and potential upside. Investing in gold stocks is an easy way to get exposure to the commodity without having to buy physical gold. Investing in gold also provides a hedge against inflation and currency fluctuations. However, investing in the stocks of companies that mine, refine, and trade gold can be risky.

Gold ETF or Gold Royalties

In addition to gold stocks, investors can purchase a gold ETF or invest in gold royalties. Both gold ETFs and royalties offer investors exposure to the long-term stability of the gold price.

Investors can purchase gold mining stocks through a brokerage account or an online stock trading app. However, investing in the stocks of companies is also risky, as they can offer higher volatility than physical gold.

Determining Value

The value of gold stocks is determined by a combination of factors, including profitability, dividends, and dividend yields. Companies with high average ore grades and low production costs tend to be the most profitable. They are also the least likely to rely on debt to fund growth.

Gold mining shares are speculative investments, as they tend to appreciate when the price of gold increases. However, junior gold miners have historically offered higher beta exposure to the gold price.


As you can see, there are a variety of option for investing in gold. Ultimately, you'll want to consult with your certified financial advisor to determine the best course of action for you. There are a number of different factors they'll want to consider before picking the right option for you when it comes to buying gold for investment.

Last Updated: November 29, 2022