Buying Gold Bars - Everything You Must Know (Beginner's Guide)
ฝัง
- เผยแพร่เมื่อ 2 มิ.ย. 2024
- How do you go about buying gold bars? Which types and sizes of gold bars are the best to buy? More importantly, where do you buy them from? In this video, I will guide you through how to buy gold bars, how much to pay and the different types that are suitable for you and how much you should pay. Buying gold bars is the best way to stack and invest in gold, especially when you want to get more from every dollar. Gold is a great investment asset to help you preserve wealth, especially in today's fiat-based economy. Getting your first gold bar is an important step in maintaining your purchasing power. Compared to gold coins, bars are more versatile, cheaper to buy and just as easy to sell when you need cash. Let's dive in!
📍Buy Physical Gold & Silver Bullion In Singapore Special Deals
(I earn a small affiliate commission at no extra cost to you):
- Get a 0.5% discount with the code: SEAN-2023
- All codes can only be used once.
✅ Timestamps & Chapters:
0:00 Intro
0:36 Types Of Gold Bars To Buy
3:25 How Much To Pay?
4:51 Gold Bars vs Gold Coins
6:00 Choosing The Right Size
7:10 Where To Buy
9:37 Buying Genuine Gold
11:28 Your First Gold Bar
11:57 Closing Thoughts
Subscribe to my channel where we dive deeper into the world of gold, silver & investing:
🔴 Subscribe: bit.ly/3kzabfN
Learn how to buy physical gold:
👑 bit.ly/3D76Lqn
Here's how to buy physical silver:
🪙 bit.ly/3rlsXJ3
💵 You can buy physical gold and silver from these online bullion dealers:
SD Bullion: sdbullion.com/
APMEX: www.apmex.com/
JM Bullion: www.jmbullion.com/
Disclaimer:
The information presented on this channel is for news, education, and entertainment purposes only. The information does not constitute an offer or solicitation to buy or sell any investment product(s) or investment strategies, or a substitute for professional investment advice. It does not take into account your specific investment objectives, financial situation or needs. I am not a financial advisor or a licensed investment professional. Please consult with your financial advisor before following any investment strategies discussed herein.
With inflation, I am losing at least 8% of the money I have in the bank every year. Paying a 5% premium for gold bars is a no brainer.
Well said and interesting perspective!
It's getting worse, only the intelligent people will be prepared for it .
( the secret to the word prepared, is PRE , ,
as in before, don't wait until the last minute, you might be left out.
@@tlee9484 what do you mean
@@Banggeek
You haven't been paying attention to the economy??.
Really?.
😒
@@tlee9484 I know. Energy soaring price but I only can afford low gold sizes. Should I buy more?
Im not rich
I've always had this theory that gold and other types of valuable metals could serve us well in countries suffering from economical shocks such as inflation, recession,default etc. Mostly because i believe the amount of global gold is limited and prices could only drop if there were to be discovered new sources for exploiting it. Thank you for this video Sean, I'll check out other videos you got!
No problem! Glad it helped and great to have you here.
@@SeanFooGold you are right
Like Uganda discovered 31mt worth over $12 trillion. Would that affect prices?
Buy silver silver nitrate is used in rocket fuels and pharma industry no use of promoting crypto.metals are essential than crypto
@@heterodox3487 depends if someone is going to invest in production.
That was a lovely gentle introduction that I needed :) thank you
We don't buy gold for investing. We buy it as crash insurance. As we are more on the poor side, we buy sovereign coins once in a while. One or two, as we have money. Adds up over time.
Gold is a
long term “store of value”
Thank you, Sean. Upvoted and bookmarked accordingly!
Great info, thanks for explaining!
Thank you so much for this!
Incredibly helpful video, thank you sir!
Thank you for this. I found it very informative.
Love your channel Sean. This is a great video.
I personally love the smaller gold bars! 💚
A lot of people here want to buy gold to make money but people forget the true value of gold which is wealth storage. It's the safest asset to own for value for which we have 5000 years of data on. Inflation, especially when we have 8%, gold premiums make no difference. Great video sir.
Well said indeed!
How many oz are you buying for an 8% premium? Premiums are usually quite a bit more. Gold as an investment isn't very good, it barely keeps up with inflation as a return.
I really enjoyed the smooth n details presentation....easy to understand n nice to listen....thank you Sir...🙏🙏🙏
Thanks for the upload. Much appreciated 👍🏻
no prob!
Really great video! Gold is the best way to go especially with various bank failures that are happening
Every single gold bar you have there is a gift from the heavens for venezuelans and cubans living with hyperinflation every day. Gold is such an amazing element of the periodic table with a lot of use cases. The value is crazy.
Thanks for this. I’ve been looking at gold for a while. In today’s current climate, you have made certain choices easier for me 👍🏻
glad it helped!
If you have interest in buying gold, i can sell a kilo of gold for you for $35,000 per kilo in Ghana
As a beginner, only buy from bullion dealers who can test the gold and silver that you are buying in your presence. This means that they must have equipment like an XRF metal analyser and/or a precious metal verifier that can detect fakes.
No joke, even bullion dealers have purchased fakes by accident through buybacks when they neglected to test all their purchases.
Thanks for the information Sean. Nice selection of shinys you have there . Cheers 😊👍🏻
Thanks Georgie!
Thank you!!
Thank you for this video, fantastic job and highly appreciated 😊💰🏅
Thnx!
Thank you for the video, it served as a good refresher and was well presented
No problem. glad it helped!
Sean, thank you for this video. It has added to what I know about gold bars.
Two thumbs up, great content and good presentation.
No prob, glad it helped!
Very informative and a smooth calming intro. I'm thinking of beginning investing, and you have put some worries to rest. Thank you for this video. I will be subscribing.
great info thanks for the help.
Thanks for the video! Subscribed 💪
Thank you!
Thank you for the advice.
Thanks for the info 👍🏾
No problem. Thanks for watching!
Thanks for sharing this useful information
Hi Sean, another informative video. Bought my first gold bar at 2.6% over spot (IGR) yesterday from SD. I also buy gold coins, but will have to rethink my stacking strategy moving forwards. Appreciate what you do!
Thanks Terry, 2.6% over spot is quite a good deal. Great grab indeed!
I just bought 25 grams today for 9% over spot price. I like to stay under 15% (just my comfort level)
@@rampantcolt I’m
where did you get such a good premium?
@@DGimpeccablejaguar SD Bullion had a special. You can also get a gold eagle from nationwide coins, on line, at spot price, but you’ll have to listen to the sales pitch on their “fantastic deals” for 10 minutes.
This was a great lesson, especially for me coming in a a first timer. Thank you.
good tips! great collection to!❤
Awesome video. You really hit all the key questions I had about buying gold.
Check us out will give you good rate
@fashion_jewelryist
T€l£gram
You can Hire Me For Asset Manager , Aset take care , Asset Representator , Accounts Manager And Tax Manager , Payment Handle , Money Manager , Transaction Handler I do work with sare and Secretly
Great video! Thanks so much. Subscribed :)
Thanks Peter! Great to have you here.
Thank you. 🙏 Very your informed.
Thank you. Very helpful.
Glad it helped Robert!
Good video thanks mate
Thank you!
Very detailed good explanations thanks
no problem, thanks for watching!
I can say this. the silver is very fluctuated depending on the market needs. But gold can keep the value of money, and it is good for long-term investment. Gold mostly raises, rarely plummets, gold price changes every minute.
I invested both, especially gold, when it was $1,600/oz till now. I heard someone told gold can rocket $4k/oz.
Agreed, gold is definitely more stable and less volatile than silver.
Hi sir am from India I want gold ..in bulk any lead tell me
Do you believe that what some random person said is better advice than your own careful research and ability to draw conclusions?
Do you need Accounts Services , Personal And Business Trabsaction Handle, Payment Handle All Over Worlds
Nice video man
Excellent!
Thank you, your video was very concise and complete. I am a 24k gold jewelry buyer from our "Little Saigon" or "Chinatown" here in San Francisco. Now starting to invest in gold bars. I also subscribed to your channel. Thank you again.
Check us out will give you good rate $42,000 per kilo
T€l£graM only
@fashion_jewelryist
Very insightful - great stuff being shared with us. Keep it up.
Thank you!
You can Hire Me For Asset Manager , Aset take care , Asset Representator , Accounts Manager And Tax Manager , Payment Handle , Money Manager , Transaction Handler I do work with sare and Secretly
Very well done.
Most people simply enter the foreign exchange market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management.
That is why I work with John Desmond Heppolette, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.
Yeah, that guy is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience
Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.
Exactly why i enjoy market decisions being guided by a professional, seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience, been using the expertise and guidance of John Desmond Heppolette, for over 5years+ and I've netted over $3million in that time frame..
This information is valuable. I quickly searched his name and his website appeared instantly, showcasing his impressive qualifications. Thank you for sharing.
Hi Sean, thanks for sharing. Your explanation is really clear and I learnt a lot from it. I saw some people buy XAU instead. Do you have a video to explain the difference between XAU and physical gold bars and the pros and cons of them? :) thanks a lot!
it's just the physical spread. The bigger the bar, the smaller the spread
If you don't hold the asset then all you have is a claim against whomever does hold the physical asset. If that party goes bust, is shutdown by a regulator or is otherwise out of the market them you can lose out.
Buying smaller bars more frequently can actually be a good idea. If you have a habit of buying bars on a regular basis this can be a way of dollar cost averaging, especially in a gold bear market. Selling more bars and spreading them out also could yield more profit durring a rally. On a low budget it is much more achiveable to buy smaller more often. They also make great gifts.
You can Hire Me For Asset Manager , Aset take care , Asset Representator , Accounts Manager And Tax Manager , Payment Handle , Money Manager , Transaction Handler I do work with sare and Secretly
agreed! i always force myself to buy gold bar 1-5 grams/month
Go for 20gram in every 4 month . Premium is high on 1 gram and 5 gram
and one thing, dont buy branded gold bars like what he mentioned in the video, gold sellers dont care about the brand, and they will weight the gold give you the market price rather than counting in the brand name, cause buying branded gold bars will have premium price thus will be harder to sell with profit later on.
@Dolbic Sometimes they do sell at a slightly higher price, but it is not proportional to the premium of course. Buying certain brands can mean higher security: hard to replicate markings, kinobar hologram, QR code. I definitely would advise not to buy online and non reputable (especially) Chinese brands because they are often falsified.
Buying from a reputable seller is a must too.
Great info
Thank you.
Very informative 👏
Thank you!
great content Mr Foo.Subbed.
No problem! Glad it helped!
Awesome video!
thnx!
Another video well done 👍
Thank you!
NU LEAM PRIMIT TREBUIE SA MI LE ADUCA CINEVA PERSONAL SAU SACMI LE TRIMITA PRIN AMBASADA DE LA BUCURESTI SA VINA PERSONAL SA MI LE ADUCA ACASA LA MINE LA CERBU SAU LA MIOVENI ARGES .
MAI SEEAN EU NU AM PRIMIT CARDURILE DE AUR CU CIP URMEAZA SA MI LE TRIMITETI .
Just bought my first 5g Gold and 5oz Silver 🙈
Congrats! Welcome to the club!
Careful. Lol it can get a bit addicting. I've moved on up to 10 silver bars, silver maple leaves and 5-10 gram golds
@@jumpingsloth3963 I just hoarded 50 1989 maples at my local coin shop still in the mint pouches! Love the maples such a beautiful coin.
I'm so excited for my 5g argor heraeus Kinnear its so pretty
Do you need Accounts Services , Personal And Business Trabsaction Handle, Payment Handle All Over Worlds
Thank you for sharing your gold knowledge I learned so much, I wanted to start investing in gold bars and this info help me a lot and very excited to start buying gold bars ❤
Reach EMILIA E ARIAS for assistance just search the name online. They are, an approved dealer ✅
great video esp for us who live in Australia
I love those credit Suisse bars! Those are nice! Great video
Thanks so much, appreciate it!
sound advice ty.
Something to consider buying gold is the weight (price) if you thinking about taking it abroad !
Here in Europe you need to be careful to stay under 10.000 €
I made my first Gold purchase at Perth Mint last month. And now I am addicted!
From curiosity, how do you store it ? Ive heard something about silver bars, if wraped in plastic, with time the plastic will take away part of the color or dirty the bars. No idea if the same is for gold in plastic ?(temperature and stuff)
I've been in silver mostly. But bought my first 2.5 gram bar Pamp.... And also got a 5 gram Pamp lunar calender. Only thing is I heard smaller bars are higher premiums
yep, the smaller the bar, the higher the premiums can go!
Many people I know are scared off of investing in gold because of today's high premiums. I have my own take on this matter and would be interested in your opinion Sean.
Nobody, myself included, likes paying high premiums, but if you consider the reason for the increased premiums you may come away with a different take.
Higher premiums often reflect an increased cost in mining, transporting and smelting the metal. Todays higher costs are mainly due to inflation. Another driver in price is the relative scarcity of the gold supply available to your local bullion dealer. Now when you think about it, inflation and limited supply are the two biggest factors in driving up the spot price of gold and other precious metals.
So on the one hand we don't like paying high premiums, but on the other hand those high premiums are generally a strong indication that the price of gold is about to rise quickly.
Very good insight. Higher premiums do signal higher demand but I think it is also important that some people are turned off by the higher premiums or else it will just go through the roof and dealers can take advantage of it. Right now the paper price does control the physical price and hopefully down the road, there will be a decoupling and true price discovery of the physical metal.
also saw a fact theres only about 50,000 tons of gold left in the earth unmined. they estimated abt 18-20 years to mine it all then thats it until we can mine some asteroids which will be a few decades most likely
@@SeanFooGold very good indeed
@@SeanFooGold Great point! On the same line: _If we're betting on "paper money" to lose it's worth, how much will that premium actually influence your costs?_ It's effect would actually diminish quickly...
*l give you an example:*
After WWI my mother's grandfather, a very wealthy German who invested in Real Estate, experienced a cash squeeze. Whatever wealth he had was invested in real estate (houses, residential buildings and land). BUT he ran out of cash for their daily needs. Hyperinflation started eating into his holdings since people needed to fulfill immediate needs, hence not interested in "promising investments" such as Real Estate. _In a moment of desperation he was forced to barter a piece of land in exchange for grain..._
*The lesson here?*
So called "Hard Assets" had no real purchasing power during Germany's hyperinflation era. Had my grand-granddad saved in precious metals, that grain would have cost him "x" amount of gold instead of sacrificing a good chunk of land to feed his family... On the other hand, imagine how many other properties could he have bought if he had precious metals instead of fast depreciating real estate.
*If paper money loses trust (which is the only thing that supports FIAT currency), NOTHING will save your from suffering unless you got an Asset that is widely accepted and honored.*
In such an event do Premiums actually matter? I'd say what will matter is the trustworthiness of the coin/bar you put forward. _ino: Premiums may play a Key Role in bartering..._
@@65stang98 didn't uganda found a huge reserve recently?
very useful video
Thanks this was really insightful. About to purchase by first gold bars in a few days. I am thinking of 2 x 1 oz Brittania Bars. They are VAT free, and also....capital gains exempt for down the road when selling them.
Well explained
Hi Sean, I have an Argor Hereus 10 gram gold bar in Assay. Beautiful actually.
Thank you for the good video. Would you also invest in silver (bars or coins?) maybe for further price rocketing or stick to gold bars of 1 ounze?
Yes, I do buy silver as well. Do check out my other videos!
Excellent
Thank you
really nice video
i buy gold in Thailand
96.6 .... around 23.4 K
Bars and jewelry.... for rings etc at some places you only pay around 20$ more fee for the jewelry.
I got a 2 gram bar from Texas Gold Refinery and a 1/4 gold maple today. Having Texas gold is 🔥
Cool, will check that out!
Hello I'm Bukola, I'm a Nigerian, and I sell gold for as low as $95, very affordable isn't it??, what's your ig handle so we can connect to each other?
Inflation damaging savings. Thinking about dropping some funny money on some space metal. A several oz bars to allow easy liquidation if required would be the play i think. Thanks for thi informative video
Thank you for your video. Regarding 9:37, fake gold bars made from gold covered tungsten can deceive buyers, because the density of tungsten is almost the same as the density of gold at 19.3 grams per cubic centimeter. However, special analytical equipment can determine if a gold bar is genuine by performing non-destructive tests without removing a gold bar from its original packaging. For example, the Sigma Metalytics Precious Metal Verifier can perform electrical conductivity testing. Another tester is an X-Ray Fluorescence Spectrometer which can measure the metallic composition of a bar or coin. An example is the Olympus GoldXpert XRF Analyzer.
Great comment as usual, thanks for the headsup on checking for authentic gold. Tungsten bars are an investor's worst nightmare. The cheapest and most reliable I think might be the Sigma Metalytics to be on the safe side. If I am not wrong, the X-Ray Spectrometer might cost a small fortune to purchase!
Does the old and classic Archimedes’ Principle Buoyancy test have any truth to it?
@@jadenephrite So if i can buy a small neodymium magnet and hold it to the gold bars I see for sale in the Hong Kong area, I can determine if it is real gold by the magnet and the gold bar resisting each other? I will be sure to try this.
@@erichhonecker8548 Neodymium magnet tests on gold coins are demonstrated @ th-cam.com/video/CFYVOy08lis/w-d-xo.html & @ th-cam.com/video/xRajy38k1Aw/w-d-xo.html
And there's also another piece of equipment which can be used in order to make sure that it is a genuine gold bar/coin. It can be made through ultrasonic waves which will reach the meal and bounce off back direct to the sensor and the specific time it requires is different btw genuine gold and tungsten because of the atoms. It takes longer to bounce off back from tungsten than gold. That's science 🎉
i wish i found this video first before buying my first bar.
did an opps and paid extra T_T by buying them from jewellers
I just got my first 2.5g PAMP and I feel the calling to start investing in these small quantities and store them in the bank for future investments. With all the worlds problems going on I feel the need for precious metals will soon be a HIGH demand as we are converting over to energy instead of oil and that means more mining. May not happen today, But anything can skyrocket gold in the near future when mining becomes more valuable than oil because of harvesting minerals to make batteries.
I came here looking for if you OPEN the package from one of these bars. Does the value go down drastically? or does the gold itself hold its value enough?
I bought my fqirst gold bar (1 Troy Ounce) at 9 years old for 423$ second at 11 at 750$ and haven't stopped since.
wow, those were good prices. Very well done!
You own my subscription
Where did you purchase the 1 gram one with the pendant loop? I've been looking for one just like that!
thanks for the video, very inspiring.
How about the Britannia 1oz Minted Bar from Royal Mint and how about Royal Mint in general ?
Thanks foo
Cast Gold bar is my favourite type
Nice I lv some gold womble stacker
I bought three 1 gram pieces, same exact ‘brands’ (I’m new to this)…a gold mini roo and PAMP silver bar. Really interesting points and comments from all in the comment section. Had no idea about the premiums but now I know! I just figured to start off maybe start small, I also wanted some variety and don’t quite have the money yet to just get a 1oz bar. One day in the near future…very informative video!
Thanks, welcome to gold stacking!
The website I was looking at was charging 86 a gram for a single gram and 56 a gram for a 5 gram piece so maybe look at buying larger pieces
You can Hire Me For Asset Manager , Aset take care , Asset Representator , Accounts Manager And Tax Manager , Payment Handle , Money Manager , Transaction Handler I do work with sare and Secretly
Definitely do not buy fractional silver. You are 100% better off saving for full oz or more. I find 5 to 10 oz are good buys
Do you need Accounts Services , Personal And Business Trabsaction Handle, Payment Handle All Over Worlds
If you're going for weight only, the bar or ingot is the way to go
The video was informative. I want to invest my money in this but wouldn’t liquid gold as assists be better. Where would I keep this in a bank ? Any info helps thanks.
Best money...GOLD!!!!!
Thank you for this video. I have been going back and forth for over a month over buying my first gold bar. Well I just purchased a Pamp from J M Bullion. My stomach is turning until I have this in my possession.
How do they delivery it to you, through regular mail? Also, did you get it and love it?
I just purchased a 1oz bar from them also
Not interested in buying gold bars but had to watch the video because I love seeing the difference designs of the bars.
haha, fair enough, thanks for watching!
Check us out Will give you good rate
@fashion_jewelryist
T£L€gram
Great video you answered a lot of my questions. I was considering buying a 5 ounce gold bar are they more difficult to sell? Also what is your thoughts on platinum the spots are currently low
gold is easy to sell, no matter the weight. I've a video specifically on platinum, just type in Sean Foo Platinum and you'll be able to find it
Check us out Will give you good rate
T£L€gram
@fashion_jewelryist
I am based in Kenya and I think my preference would be the ones with a unique bar code, I have been scammed so many times and lost almost my entire fortunes trying to do Gold business. Kindly give more details on the Gold with unique identification features thanks.
hello sean foo .. great video tutotials .. where is the best place to buy gold in london? thanks
I always invest in gold jewelry. Always increased its value.
For me most popular gold bars (in Europe) is from Valcambi.
Great video. However where do you store them. Is it with a bank etc
I really prefer gold coins for no other reason than u getting to hold the actual gold in ur hands. With bars, they are usually in an assay card which most ppl don't wanna cut open. Coins usually come in no special packing therefore u can play around with it.
Lol, exactly. I can’t resist touching my krugerrands from time to time.
We’re do you buy the coins from is there additional charges added
@@RIPPUR7777. local bullion dealer, there is a very small price difference between the bar and coin
@@EngineerInMotion is there additional charge on top for purchasing gold coins and bars or do you pay what it is advertised at.
@@RIPPUR7777. its dependent on where u live, I think in Canada, for pure 24k coins like the Canadian maple there are no taxes but in the US depending on states, it's different rules on taxes so those would be the only additional charge. I think Australian and European are same as Canadian were taxes are only applicable if the buiilion is not pure 24k. Example is 22k american gold eagle
Great informative video. I learned a little bit more about bars today. I was planning on buying 1/2 oz. Canadian generic 9999 gold bars from TD bank. Thanks. $1214.38 CDN at this moment.
We're having 22+ karat in Sierra Leone 🇸🇱
You can Hire Me For Asset Manager , Aset take care , Asset Representator , Accounts Manager And Tax Manager , Payment Handle , Money Manager , Transaction Handler I do work with sare and Secretly
Hi Sean. Thanks for all the awesome videos. I'm a beginner with gold and would like to know if Argor-Heraeus Cast Bar is recommended?
yes, its a reputable brand. Just make sure to test it from your dealer on the spot.
@@SeanFooGold Thanks for the reply! UOB should be safe enough. Appreciate your input!
@@smlatte9707 yup, UOB is one of the few places I trust