A First-Timer’s Dilemma: How Do You Start Investing in Gold?

A First-Timer’s Dilemma: How Do You Start Investing in Gold?

Gold Coins and BullionsOne of the things you have to keep in mind when building a portfolio is that you need to diversify. This is easier said than done, however, especially if it is your first time to invest in anything of great value. One thing is certain, though. An investment in gold is something that could withstand time.

If you are interested in investing in gold, Atkinsons Bullion says that you will come across two options—gold bars and gold coins. While the decision is ultimately up to you, you need to make sure that you know the pros and cons of each.

Go for Gold Bars

Gold bars tend to suffer more when it comes to liquidity. Investing in a gold bar may put you at a higher market risk. If you buy a huge number of bars, storing it could be a challenge. Gold bars, however, come with their own certificates. This makes buying and selling more secure. It goes without saying that buying a larger bar can prove to be more economical than buying smaller ones.

Go for Gold Coins

One advantage gold coins have is that you can either go with numismatic ones (if you are on a budget) or with bullions. They are easier to store, poses a lower risk and are more liquid. In most cases, gold coins can come in an assortment of designs and would have dates stamped on them. This makes them a great way to celebrate an important occasion. Gold coins, however, do not usually come with certificates and can make transactions a bit risky. The more coins you buy, the higher premium you have to pay.

In both cases, you would need to get in touch with a dealer to buy and sell gold. Fortunately, there are more than a handful of companies in the U.K. that can help you. All you need is to find a reliable one.