What Should I Know Before Buying Physical Gold?

What Should I Know Before Buying Physical Gold? | 2025 Guide Before buying physical gold, you should always check purity (99.9% / 24k), buy only from certified dealers or banks, and request a certificate of authenticity. Compare prices with the official spot price to avoid overpaying. Decide whether to purchase coins or bars, based on your budget and resale plans. Finally, ensure you have a safe storage solution (home safe, bank vault, or insured custody). By following these steps, you can protect your money and avoid costly mistakes.

Expanded Guide

Buying physical gold is different from investing in stocks or digital assets. Here’s what every beginner should know:

1. Purity Matters – investment gold should be 24k (99.9%). Avoid lower karats meant for jewelry.

2. Source of Purchase – only buy from LBMA-certified dealers, banks, or government mints.

3. Form of Gold – coins are easier to resell, while bars offer lower premiums per gram.

4. Documentation – always ask for a certificate of authenticity.

5. Storage – secure options include fireproof safes, bank vaults, or professional custodians.

6. Costs Beyond the Metal – consider premiums, taxes, and potential resale fees.

👉 The golden rule: if the seller can’t prove authenticity, don’t buy.

FAQs

Q1: What purity should investment gold have? 24k or .9999 fine gold is best.

Q2: Are gold coins or bars better for beginners? Coins are easier to trade; bars are cheaper per gram.

Q3: Do I need to pay taxes when buying physical gold? It depends on your country’s regulations. Always check before purchase.

👉 Download our free checklist: “7 Things to Check Before Buying Physical Gold” at The Financial Gold.