Home / Everything Else / Buying Physical Gold And Silver – Where And How

Buying physical gold and silver – Where and how

Buying physical gold and silver – Where and how

Physical forms of gold and silver are among the most traditional types of investment, making these a popular choice for many investors. These precious metals are a stellar investment option for a diverse investment portfolio as they retain their value even when the stock market plummets. But, with so many options to choose from, it can be quite challenging to decide where and how to buy physical gold and silver.

Where can one buy physical gold and silver from?
Online marketplaces and brick-and-mortar sellers such as jewelry stores or coin shops are the most common places to buy physical gold and silver. Wearable wealt h— r ings , earrings, necklaces, and bracelet s— c ontinues to be one of the most popular forms of buying physical gold or silver. But , due to the high mark-up as a result of craftsmanship and retailer costs, jewelry is not the best type of investment in precious metals.

To reduce these costs and make sound investments, many people today purchase gold or silver bullion (bars or coins) , which may sometimes have designs or depictions on them.

Buying gold and silver online v.s. in store
When it comes down to the basics, the experience of buying gold and silver online or in stores is quite the same. One selects the product they like and proceeds to pay for it. The major difference lies in the convenience of online shopping compared to visiting a physical store. When shopping online, one can purchase gold and silver from any part of the world at any time . But at a local store, one is restricted to the area they are in as well as the store timings.

On the other hand, brick-and-mortar stores may be able to provide a better sense of security when it comes to buying precious metals. Since they are an expensive purchase , one can check the exact material that is being purchased, confirm the fit and design, and be sure about the delivery as well. Whether online or offline, gold, silver, and other precious metals should only be purchased from reputable sources to avoid any risk.

Factors to consider when buying gold and silver
While buying physical gold or silver, it is important to consider certain factors.

Storage
One of the first things to think of when buying gold and silver is where one intends to store it. Keeping everything at home may not always be the safest route, which is why some people opt for a safe deposit box with a custodian to keep one’s belongings secure.

Insurance
Those who wish to store precious metals at home must consider getting insurance. This can keep the gold and silver safe in case of any unforeseen circumstances such as flooding, earthquakes, tornadoes, etc.

Purity
People buying gold bars as an investment must ensure that they are at least 99.5% (995) pure gold quality . For verification purposes, the bullion must come with details such as the manufacturer’s name, troy ounces of the metal, and its purity.

Size
It is important to consider the size of the bullion one is buying. Not only should it fit well within one’s budget, but it should also be easy to liquidate if the need arises.

Recommended

Learn about these 3 types of hearing loss

Learn about these 3 types of hearing loss

Hearing loss, deafness, or impairment is the partial or total inability to hear sounds. People with low to moderate hearing impairment face challenges in understanding what the other person is saying in a noisy environment. Whereas, people with severe deafness cannot hear anything, and rely completely on lip-reading and sign language skills. There are three main types of hearing loss: sensorineural, conductive, and a combination of both. Let’s understand these types in detail and learn about the causes, symptoms, and treatments of each type. Sensorineural hearing loss It’s the most common type of hearing loss. Sensorineural is permanent hearing loss often caused by damage to the tiny hair cells that line the inner ear or the auditory nerve. The damage stops or weakens the transfers of nerve signals to the brain. These signals are essentially the intensity and clarity of sounds. Causes: Aging and exposure to loud noises for a long period of time are the most common cause of the damage. Certain medications and illnesses can also increase risks. It can even be genetic, and pass on to the child in the mother’s womb. Treatment: There is no medical or surgical treatment available to repair the tiny hair cells once they’re damaged.
Simple lifestyle changes that reduce the risk of heart diseases

Simple lifestyle changes that reduce the risk of heart diseases

The heart is the most crucial organ in the body and as the system will cease to function if the heart stops or loses momentum pumping fresh oxygenated blood. This is why it is vital to not neglect your heart health at all and responsibly maintain a healthy, stress-free, and more importantly, a happy lifestyle. Here are a few simple lifestyle changes that will help support a healthy heart function. Switch to a healthy diet Avoid eating foods that are rich in trans and saturated fats. Most foods you find on the shelves of the supermarket contain large quantities of one or the other. Instead, switch to low-fat high fiber alternatives to help manage cholesterol. Maintaining a healthy cholesterol level in the body automatically reduces the risk of heart diseases. The simple reason for this is that fats that normally block major arteries and blood vessels are eliminated from these foods choices. It is also advisable to limit the salt (sodium) intake to control blood pressure and sugar to reduce the risk of diabetes simultaneously. Change certain lifestyle habits Reduce the number of alcoholic or carbonated drinks you have regularly. For men, it is advisable to have not more than two drinks and day and women must have only one.
How to distinguish between heartburn and GERD

How to distinguish between heartburn and GERD

Heartburn is an unpleasant, burning sensation in the chest that is more common than a lot of individuals realize. Pregnant women, older men, and even young adults experience it frequently. Despite it being such a prevalent experience, not many know that heartburn has actually nothing to do with the heart and everything to do with the stomach and the esophagus. Unsurprisingly enough, heartburn is also used interchangeably with GERD. But, before we get to deciphering heartburn and GERD, let’s understand what acid reflux is. What is acid reflux or GER? Acid reflux occurs when the lower esophageal sphincter or LES becomes weak, allowing the contents of the stomach to travel in the wrong direction, back up the esophagus. Acid reflux is also called GER or gastroesophageal reflux as it involves the stomach and esophagus. This condition can usually be resolved with over-the-counter medication. What is heartburn? Heartburn is a burning or painful sensation that is experienced in the chest. Since the lining of the esophagus is not as strong as the lining of the stomach, the acid from the stomach can cause a burning sensation in the chest. This pain or burning sensation that is heartburn can often be misconstrued for a heart attack.
5 common joint conditions and how to treat them

5 common joint conditions and how to treat them

A joint or articulation is made from two bones that aid the body in movement. There are many forms of joint conditions, which, in many cases, arise from the wear and tear of bones. Arthritis is one of the major and most common health conditions in the country, and its intensity increases with age. Here are some common types of joint conditions that you need to know: Osteoarthritis With almost 10 percent of men and 13 percent of women aged over 60 suffering from osteoarthritis, it is one of the most prevalent joint conditions in the country. Osteoarthritis occurs due to the wear and tear of the cartilages that protect the ends of bones. It commonly affects joints of the spine, hands, hips, and knees. If left untreated, this wear and tear of the cartilage soon leads to bone degeneration, thereby affecting flexibility and range of movement. Treatment for osteoarthritis depends on its severity and the patient’s age. Mild symptoms can be treated through medications, physiotherapy, and changes in lifestyle, whereas moderate to severe cases may require surgical intervention. Spondyloarthritis Spondyloarthritis, also referred to as spondyloarthropathy, is a type of rheumatic disease that causes inflammation in various joints. There are two types of spondyloarthritis—axial spondyloarthritis, which causes inflammation of the joints in the chest, spine, and hip bone, and peripheral spondyloarthritis, which causes inflammation in the fingers, knees, and toes.
Tips to help you strengthen your immune system

Tips to help you strengthen your immune system

Natural selection has transformed the way in which the human immune system works. While some human genes have evolved to become immune to certain diseases, others have not. This leaves a whole lot of people prone to certain diseases and disorders. That said, there are ways to boost the immune system, improve one’s diet, and lead a healthier lifestyle. Here are a few simple steps that you can take to strengthen the immune system: Ensure adequate sleep There are quite a few studies that prove the relationship between adequate sleep and the strength of the immune system. As an adult, you should ensure that you get seven to eight hours of sleep every night. A teenager should get eight to ten hours of sleep, whereas a young child should get at least 14 hours of sleep on a daily basis. If you have disturbed or no sleep, then you can improve your sleep cycle with these quick tips: Try sleeping in a room that is completely dark Get to bed at the same time every night. This will help regulate your sleep pattern Avoid using electronics that emit blue light before bed Maintain a diet of fruits and vegetables Fruits, vegetables, and whole grains contain essential minerals, fiber, vitamins, and antioxidants.
8 lesser-known facts about the liver

8 lesser-known facts about the liver

Considered the second-largest organ in the body, the liver plays an extremely important role in a variety of functions. It is key to the body’s metabolism; and helps burn fat and maintain body weight. It is located above the stomach and beneath the diaphragm, its size similar to that of a football. While such information is common knowledge, there are a few not-so-known facts about this organ. Read on to find out more: It is the only organ that can regenerate Unlike any other organ, the liver has the miraculous ability to regenerate and regrow, needing just 25 percent of the original tissue to do so. According to a study, evolutionary safeguards are responsible for this effect, which is a central concept behind liver transplants. It is the body’s detox center The liver filters everything we eat and drink, ridding the body of the materials that are not meant for it. It first burns toxins using enzymes and oxygen. This is followed by the second step, which combines toxins with amino acids that are later flushed out through urine or bile. It is multifunctional Identified as one of the most complex organs in the body, the liver performs hundreds of vital functions.