How to buy Gold Online – Investment on the go
Investing in gold was always like hike. People who are good investors knows the importance of buying a property and a gold. Both are the best investment material for long time now. Time has change and with it the new ways have also emerge for buying golds. People can now buy gold online. Today we will explore the topic about How to buy gold online.
While buying gold online, people have two choices whether to go for virtual vault or the self vault. Gold is the precious buy, so the buyer would always seek to safeguard the gold. Self vault would mean the buyer has ordered the gold online, which will be shipped to his/her house and than he/she is responsible to secure their gold. Self vaulting can sometimes be daunting task as securing any thing is a kind of liability.
The virtual vault is different than the self vault. In virtual vault, buyer can invest in gold without maintaining the hassles of securing it. For this virtual style, buyer can either buy from exchange traded fund or from BullionVault. This kind of online buy has seen to be more safe and reliable to many investors.
BullionVault is buying and selling service for gold. They have their own secure vaults, which relieves buyers from storing tensions. BullionVault will charge a little over the spot rate while the buyer buys from it. The buyer can also sell the gold at any given time. The maintenance is not for free but it is only minimal.
Apart from BullionVault, investor that are much more comfortable for buying gold from stock market can look upon the option for exhange-traded fund. SPDR gold trust is the largest ETF and it is also listed in newyork stock exchange as GLD. One can purchase the shares of the stock that would be equal to the 1/10 troy ounce of gold. If someone lacks investment, they can buy through ishares gold trust, which is shortened as IAU and listed on Newyork Stock Exchange. Buying of gold will equal 1/100 ounce of gold, which is more affordable for many small investors.
ETF is the best way to buy gold online for many investors as they have trained themselves with stock market for many years. But ETF GLD maintenance is staked higher than BullionVault. It all depends on the investor for trusting these online buying services. The final call is from investor whether to go for ETF or BullionVault.