What Is The Symbol For Silver On The Stock Exchange How to Buy Gold?

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How to Buy Gold?

Whenever you plan to buy gold, it is important that you keep in mind certain things like a credible seller, the quality and purity of gold, the current rates of gold and the fluctuating trends of market. Buying gold should not be an impulsive decision because one has to be careful while buying it and consider the above mentioned characteristics.

People either buy gold for personal use like jewellery; gifts etc. or they buy it for investment purposes. Whatever the purpose of buying gold is, it should only be bought from an authentic and credible source. You can easily be fooled by frauds who may sell you fake pieces as gold.

Gold occurs in its natural and purest form when extracted from its ores. Pure gold is rated as 24 karat gold and it is priced against the US Dollar on daily basis. This form of pure gold is converted into bars, coins or bricks of different weights ranging from a few grams to kilograms.

This type of gold is sold and bought for investment purposes, and each gold bar, coin or brick is engraved with ‘999’ symbol or stamp, indicating its purity. Only licensed companies can engrave this on gold bars and this is the main sign that you should look for when buying gold for investment purpose.

Gold for investment purpose is also sold in the form of 22k and 18k in the market. Their prices are relatively lesser than 24k gold. The daily fixed prices of 22k and 18k are also rated and when you buy gold, make sure that you are aware of the actual prices. Usually there is no bargaining when you buy pure gold, but if you have done your homework well, you can avoid buying overpriced gold.

You should also keep an eye on the market trend of gold. Sometimes the price of bullion remains steady over a long period of time; sometimes the price is going up all the time; and sometimes the price of gold is declining. You should study the market trend and buy wisely and accordingly. One can get real benefit from bullion investment if it is done for a fairly long period of time.

Ideally, you should buy gold when the price of bullion is falling against the US dollar. Later when the prices get stable, or go higher you can sell it to get immediate profit. Being a small investor, you should not risk buying or selling bullion too often because instead of reaping profits, you might suffer heavy losses.

If you are a big investor, you can contact the London Bullion Exchange and buy gold directly from there. Gold stocks and bullion funds are also available for better and secure investment. You should choose a reliable investment company who deals in bullion funds, bullion futures and bullion stocks. According to some experts, bullion funds and stocks are more reliable, safer and more profitable than buying solid bullion.

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