If you are a first-time gold buyer then it can be confusing to know where to start.
We’re here to help you through the maze.
It is actually very straightforward once you know the type of gold bullion dealer you are looking for.
How Much Gold Should I Buy?
How much gold you buy depends on your circumstances.
We cannot comment on your own individual situation. You should always take professional financial advice when it comes to making this decision.
Many experts advise to hold 10% of your portfolio in gold at all times. This gives you constant protection for your other investments in the financial and real estate markets.
Some gold experts may drop this amount to 5% when times are good and invest in high yielding assets such as a strong bull stock market.
However, when political times are less certain, when economic growth is stagnant and less assured, then gold experts keep at least 10% and sometimes more of their wealth in gold.
The more worried you become about the financial markets, the more you may wish to transfer into gold bullion.
At the end of the day, it is your choice and relates to the risk levels you are comfortable with.
Once you have decided on the percentage of your retirement funds to invest in gold bullion, you can begin to talk with a gold bullion dealer.
Choosing a Gold Bullion Dealer
We have a number of pages on this website to help you select the best gold company for your needs.
Click on the pages (or use the menu option at the top of the page) to find out more:
- Free Gold Investment Kit – a no-obligation guide on how to buy gold bullion.
- Gold Company Checklist – Discover the questions you must ask of ANY gold company you call.
- Our Recommended Gold Company – many visitors to this website use our recommended gold company for their bullion investments. See if they meet your needs.
2 Example Situations for Gold Buyers
As a way of understanding how to buy gold, we have created 2 situations that explain the amount of gold, where to buy the gold and how to store it.
They may not fit your needs exactly but hopefully they give you some guidance on how you can buy gold.
- Purpose: To have easy access to some small gold bars or coins in retirement.
- Value: $5,000 investment and above
- How to buy gold: Buy gold bullion bars or coins via a bullion dealer or direct from a government mint and store the gold at home or in a bank safety deposit box.
- Purpose: Set up your own gold based retirement protection fund.
- Value: A minimum of $5,000 or more in your personal name, $10,000 or more for a Gold IRA (we think a gold IRA is the best option, you need to check for yourself).
- How to buy gold: Buy gold bars or coins via a bullion dealer (who can also set up a gold IRA) and store your gold in an IRS approved bullion vault.