5 Tips for Buying Gold

5 Tips for Buying Gold

Mar 29th 2020

Posted by LCR Coin

Best Advice for Buying Gold

So you’ve decided to open a gold backed IRA. Now what? Chances are, you probably aren't’ quite sure where to begin. Fortunately, you’re not alone! There are many other people out there just like you, who want to learn how to safely invest in gold and other precious metals. Meeting with a professional investor is the best way to get started, but if you want a quick overview, this blog post will review some of the basic starting points.

Educate Yourself

One of the most important things you should do when first buying gold is to educate yourself. You should always time the necessary time to learn the terminology, research the value of gold and other precious metals, find out what factors influence price fluctuations, and have a plan for safely storing your gold once it is delivered to your home.

Enlist the Help of a Professional Investor

If you’ve never purchased gold or precious metals before, learning how to purchase gold may seem a bit overwhelming. A professional investor at Home Stored Gold IRA will have plenty of experience buying gold and will gladly teach you how to safely purchase gold through a reputable retailer. We can also help you determine how much and what kind of gold investment you should make, based on your wants and needs.

Purchase More Widely Used Bullion Coins

American Gold Eagle coins are highly recommended by investors, as they have very high gold purity and are easy to buy and sell. The American Gold Eagle coin was first introduced in 1986 and has since become one of the world’s most widely traded bullion coins.

Figure Out Your Storage Situation BEFORE Buying Gold

If you are a first-time gold buyer, it is imperative that you have a plan for storing your gold before you buy. Many people buy fire and tool-resistant safes to safeguard their gold at home. Others may choose to put some of their gold in a bank safe deposit while hiding the rest in a well-thought-out location inside their home. Some people even go as far as burying their gold! Whatever you choose to do, make sure you have a plan before you start buying gold. If you’d like more helpful information about what to do (or what not to do) when buying gold for the first time, Home Stored Gold IRA is here to assist you. Our goal is to help you become a confident gold buyer so you can make smart decisions with your money and grow your investment over time. Contact Home Stored Gold IRA today for more information about opening a gold backed IRA or buying gold for the first time.   ]]>