What should you look for when buying physical gold?

Physical gold

When you buy gold physically you can often have it tested to see if it's real gold and what kind it is. Most jewelry stores that sell gold only deal with recognized suppliers. This way you, as a customer, are assured of a real product. Buying gold can also serve as an investment. That's why providers often give a buy-back guarantee. This way you are assured of a large part of the value when you want to sell it again. Buying gold coins is also increasing in popularity. The value is not only determined by the gold value, but also by the number of copies and the history of the coin.

What determines the price for buying gold physically or online?

When you buy gold physically or online you don't want to pay too much. However, a piece of gold jewelry is not only valued on its gold value but also on the number of hours spent on it. For some works of art the designers need a lot of time and that costs more money. A goldsmith can explain the ratio so you know what the gold might be worth later. The bigger your purchase, the lower the price. This is because the production process can be accelerated.

What should you pay attention to when buying gold online?

When you choose to buy gold online you need to pay attention to the following things. Does the provider have a physical address and a KvK registration? There are many scammers who only offer a phone number, but this is meaningless when returning the gold. You can also see on the Internet whether they are under the supervision of AFM. This shows you that the value is monitored and that it is safe to buy gold online. But you also have seals of approval such as the web shop seal of approval or trusted e-shops. This means that it is a trusted and verified organization that you do business with.

Where can you buy physical gold?

Most towns and cities offer an opportunity to buy or sell gold at a jeweller's or jewelry store. But there are also gold buyers who sell jewelry, coins and other things made of gold at a nice price. A gold object is also a kind of investment and that's why these organizations fall under the supervision of the AFM. It doesn't normally concern large amounts and there has to remain an honest trade. The advantage of buying physical is that you can try it on. This way you know immediately if it fits well and if it's not too heavy on your arm with a bracelet.

Why do people buy gold online?

Buying gold online is becoming increasingly popular. It's just a little bit faster online than buying gold physically in a store. You also have plenty of time to look at what you want. There is no one in line to look, so you can admire each item at your leisure. You can also choose to safely store the gold at EBN Netherlands. This secure location is located in Rotterdam. If you do not wear it often but still want to be able to wear it whenever you want then this is an ideal solution. You will not have sleepless nights worrying about the gold that is in the house for burglars and thieves.

What are the advantages of buying physical gold?

The biggest advantage of buying physical gold is that you can hold it in your hands for a while. This gives you a feeling with the jewelry. Besides that you also know the weight on your arm or ears so you can't make a wrong purchase. You can also feel the difference between different gold elements. This way you know what feels best for you and very suitable for people who want to have a feeling with the gold objects. Often a gold office has several shops and they can also send some gold to you internally. This way you can often choose from jewelry or other gold objects from different regions. This not only saves on fuel but also on time.

What can you buy in gold?

There are many things that you can buy online or physically that are made of gold. You can buy a piece of art or a statue that is made entirely or partially of gold. But you can also find jewelry and watches made of gold. Or what about the coin collector? He or she scours the internet and shops daily for new valuables. The value of gold differs per country. It depends on the supply in the countries and what the gold price is doing on the exchange. You can also choose to order from a trusted e-shop abroad.

What is the value of gold?

The fixed value of gold is difficult to determine. Often the physical store uses a lower price for buying or selling gold. This is because they also want security and have to pay rent and such. On the internet you only have to pay for the hosting of your website and the safekeeping of your gold valuables. But this doesn't have to be the case everywhere. When you have a good running shop, you can make the prices higher and thus give more for your gold. It is therefore useful to inquire about the gold prices at different shops before you leave. You will see this back in your wallet later on.

Buying gold jewellery physically or online

People prefer to buy gold jewelry physically as well as online. This is because you can immediately see the result of how it looks on you or your loved one. But it also has the advantage that you experience the weight. One piece of jewelry weighs more than the other and you do not want it to become a block on your arm or ear. But you also have different thicknesses and when you first start buying gold, physical is recommended. In most shops there are experts that can advise you what to do best. Not only in terms of weight but also in terms of styling.

Why people buy gold

People buy gold physically in stores as a piece of jewelry or as an investment. If you choose to buy it as an investment, you're already speculating on the gold price. In recent years the price of gold has been rising steadily, making it a worthwhile investment. It provides, as it were, a piece of fiscal security for the future. Buying gold physically is a great choice because there is no interference from intermediaries or traders, which means you can get more out of it.

The value of buying physical gold

Buying gold physically is much more profitable than doing it online. There are no middlemen or people who pocket part of the price. It also has more value than the paper money you have in your wallet. The value of paper money is only decreasing because there is actually too much of it in the world. Gold has had a value that goes up and down for thousands of years, but in recent times it has become more valuable. It's also the most valuable commodity in the world for a reason.

What kind of physical gold should you buy to make a profit?

When you buy physical gold it's best to pay attention to the weight. The weight is the value of the gold price. But old gold jewelry and objects are also worth a lot. This may be because there is a name attached to it. But it may also be because of its nostalgic value and what it may have meant to society. Therefore, do not sell your superfluous gold on a whim but wait until a unique and good buyer presents himself. However, a smaller denomination makes it easier to trade. This is because it is universal and there are more buyers who want and can buy it.

Buy gold physically and online from recognised producers

When you buy gold physically or online it is important that it is checked for authenticity. But you can also look for recognized products that are supervised by disinterested organizations. That way you know that certain aspects are checked regularly. Most gold offices buy their goods from recognized producers. But when it comes to an older item, the buyers also look at the authenticity. The authenticity is often recorded in an authenticity declaration. This is probably the most important factor in determining the value.

Buy physical gold from a reliable party

It is a good idea to do research before you buy gold. Often the big names are also a reliable party to buy physical gold. They probably have years of experience in trading and can therefore offer the best price. But in addition they also advise people with styling and investment advice. Many of these shops also have a license from the AFM. This shows that you can buy your gold products from a reliable partner. The value of gold is usually stable, but has had some ups and downs in recent years. Fortunately, we now only see an upward trend.

What kind of guarantee can you get when buying physical gold

When you go to buy physical gold, many providers will give a generous discount. But they can also set a price when you want to sell it. This gives you an indication of value and an idea if it's a worthwhile investment. Usually you pay not only for the weight of gold but also for the hours of the jewelry maker. But of course this price is also the profit for the entrepreneur who sells it calculated. And what about the rent and storage costs. These costs are also high for the seller of the gold and this is of course passed on to the customer. After all, it also has to be stored safely, for example against theft.