now if you're looking to buy some gold
you won't go wrong by getting a shiny
gold bar
buying gold is going to be one of the
most important and fun investments you
can ever make and i want to start you
out with all the information you need so
you don't make any big expensive
mistakes now in this video you'll learn
everything about investing into physical
gold
where to buy them and how to get your
very first gold bar with confidence i'm
sean and in this channel we cover
everything gold and silver so if you
want to learn more about investing in
precious metals be sure to subscribe
let's get started so the first thing you
need to know is what to buy there are
many different types of go bars in the
market and many different brands out
there and it's easy to get confused if
it's your first time investing into gold
now the best way to start is to go for
the most popular gold bars
from the world's biggest brands
what i have here are three of the most
popular gold bars around and that means
it's going to be easy to buy them and
sell them off when the time comes
and when you buy a go bar you are paying
for investment grade gold and you are
buying them purely for the gold content
that they carry now all of these bars
that you see here they are
99.99 pure gold or 24 karat which is the
standard purity of any good investment
grade gold bar
now this 50 gram gold bar comes from the
perth mint in australia and it's one of
the most popular bars you can get that
comes with a government guarantee right
and this gobar contains 50 grams of gold
which is a great way to cost effectively
stack the precious metal without really
venturing into bigger bar territory that
would start costing some serious money
now unlike most gold bars that are shiny
the perf means bus they kind of have a
matte look to it which i personally love
now next up we have the one ounce credit
suisse gold bar
now this bar is minted by a commercial
bank in switzerland
and there are many swiss banks such as
ubs as well who also manufacture and
sell their own branded gold and if
you're in europe this is going to be a
popular option that you can easily get
your hands on
and it's important to note that you
should only go for gold bars that are
99.99
pure gold because most countries remove
any vat tax from them and it's always
good to say 5 10 or even 15 of the top
now if there's one gold bar that can be
found virtually anywhere
it will have to be the pam
swiss gold bar now this beautiful bar is
so popular that you can hear to dubai
singapore london and the united states
and you can see them on the shelves of
every good boolean store that sells gold
you can even find the pam go at mostly
any international airport such as dubai
or singapore that sells gold as well now
because it is so recognizable you'll
really be able to get a higher buyback
value if you decide to sell it back to
dealer now pam first started minting
their gold bars in 1979
and many gold investors that i know
they kind of hold nothing but pen bars
because it's such a trusted brand with a
rich history i can't really fault them
for it now the second thing you need to
know is how much a go bar will cost you
and what you'll be paying for so the
price of gold will be different every
single day and it's because of two main
factors the first is the spot price of
gold which is the value of gold that's
being traded around the world at this
very moment so you can come in one day
and see the price of gold perhaps at
around eighteen hundred dollars and come
back another day and it might have
reason to 1850. now it's important to
note that the gold spot price is always
quoted per try ounce which is equivalent
to around 31.1 grams and it's a
measurement that originated in roman
times that somehow we still use today
now the second factor is the physical
premium which is a markup cost that you
have to pay on your gold bar
so this go bar you see here contains
exactly one troy ounce of gold which
contains around 1800 of value but you
will likely have to pay around 1900 for
it and that's because of the physical
premium which is essentially the cause
of refining and shaping the raw goal
into a bar that you can hold and invest
in
now certain bars such as the pemba
might have a higher premium due to its
popularity but if you ask me
goal is go and from time to time i go
for the bar with the lowest premium to
simply stack more grams of gold
now you might be wondering are coins a
better alternative to gold bars and it
really depends when we are talking about
gold coins we normally mean government
minted bullion coins such as the
american gold eagle over here
and the canadian gold maple
and the premiums on these coins are
usually higher because they have a more
intricate design on them compared to a
bar and they are actually legal tender
with a dollar value on them but i
wouldn't spend this gold eagle for its
face value of 50 dollars at the corner
store
now one big advantage gold bars have is
that the premiums can go even lower now
what we have seen so far are minted gold
bars but if you decide to go for cars
bars like this car's bar over here you
can save even more now cars bars are
bars where gold is poured into a mold
and it's just left to cool it's a much
simpler process and it costs less to
manufacture and while it might not look
like the prettiest bar you can actually
save an additional one to two percent on
the premium if you want to be highly
practical about it moving on to number
three so how big of a go bar should you
get now the great thing about go bars is
that it can go as big or as small as one
the standard size for gobar is the one
ounce bar and it goes all the way up to
50 grams
100 grams and even a kilo bar and the
great thing about going bigger is that
you get to save more on the premiums but
it'll be a much costlier purchase
overall and it's really something to
think about
if you decide to go smaller
there are gold bars that are 10 grams
5 grams and even 1 gram bar that you can
consider but be one the smaller you go
the higher premium you have to pay and
if you go small enough such as the one
gram bar
you might actually be facing premiums of
30 which is easily six times more
compared to the standard one ounce bar
and i personally do get five and 10 gram
bar but i tend to use them more as
jewelry pendants to wear than to
actually stack but you might actually
prefer these smaller bars especially if
you plan to buy them as gifts for family
and friends during the holiday season
so now that you know the basics where do
you shop for these gold bars now there
are three places you want to go and one
place to really avoid the first place is
your local coin shop or boolean dealer
right you can easily find them by simply
typing go boolean dealer new york or
wherever you are at now once you find a
few places the best research you can do
is directly to give them a call and ask
them if they sell the go bar that you
want for example you can simply ask hey
do you have the one ounce pam swiss go
buy in stock and if they say yes
then simply ask cool how much do you
charge for one they'll give you a price
which is normally the spot price plus
the premium on top of it so take this
price and really shop around and see
which dealer gives you the best rate now
the second place is an online boolean
dealer and this includes websites such
as appmax and sd boolean and normally dr
prices are slightly more expensive
but that's to be expected because they
have a wider range of gold bars to
choose from
and you have to pay shipping as well
now the great thing about online dealers
is that from time to time they do have
seasonal and clearance sales which i
absolutely love this allows you to save
quite a bit on lower premiums and i
highly recommend checking both your
local dealer and the online ones to see
which can give you the best price
now lastly there are some banks such as
td bank in
canada and uob bank in singapore that
sells gold directly now the good thing
about buying from a bank is that
everything is standardized and their
prices more or less are transparent like
the online dealers now the only issue is
sometimes you need to create a bank
account first and transact using it you
might not be able to use cash to buy
your metals directly
now the place you want to avoid when
buying gold bars are droolers
now have nothing against jurors but the
thing about buying gold from them is
that every gold item they sell even if
it's boolean bars normally comes with a
big markup and they are taxed right they
do have vat tax or gst tax slapped onto
it so even if you might be buying the
same gold bar from a juror compared to a
bullion dealer you will be subjected to
tax on top of it so unless you are
buying gold jewelry to wear i would
really still clear away from these
stores now let's talk a little bit about
security because gold is so valuable
there have been many attempts to create
a fake go bar but most of the time it's
going to be shorty work that you can
spot immediately now either the design
of the bar is going to be somewhat off
or the bar is going to be bigger as
usual so all the bars here you see they
are all genuine gold bars
and the thing is that
when there's a gobar that's fake you can
really see it
going to be a bit bigger than usual
because gold is really dense and most
fakes are simply gold-plated steel or
copper and that is why i don't really go
buying beyond 100 gram bar as it gets
really risky when you start buying kilo
bars now while fake gold bars are rather
rare sometimes it kind of pays to just
get a bit more protection right so there
are many gold bars
like uh the metal global over here that
has a qr code either on the packaging or
for this bar the qr code as you can see
is on the bar itself and when you scan
it using your smartphone you can verify
the serial number of the bar and where
it came from pretty handy if you ask me
now another type of protection and one
that i really really like is
the kindergarten protection printed on
the back of certain gold bars
for example
this argor bar over here
has a kidney gram on the back right
when i turn it around you can see a very
beautiful refracted light pattern on it
and it's essentially a hologram on the
back of the bar that reflects light into
a beautiful pattern now it's going to be
almost impossible to fix such a bar and
that is something that you might want to
consider but it does cost more around
twenty dollars for one ounce gold bar so
it's not really always cost effective so
when it comes to buying your first goba
i really recommend getting the one ounce
standard coba you'll be able to get a
low premium and at two days prices at
around eighteen hundred dollars an ounce
it is still an achievable goal and
really something to work towards even if
you're on a budget and best of all you
can easily sell it off without much
hassle whether it's to a bullen dealer
or another third-party investor so there
you have it guys i hope this guide will
help get you started on buying your very
first gold bar with confidence now there
are a lot more details that i've covered
in other videos on my channel that you
can check out so what type of gobar is
your favorite will you be going for one
ounce bar or are you going to be
swinging for the fences with a big 100
gram block
if you have any questions let me know in
the comments below i do take time to
reply every single one and if you
enjoyed today's video be sure to smash
the like button and subscribe for more
gold and silver videos thank you guys
for watching and i'll see you soon