How to Invest in Gold the Right Way

What Is the Cheapest and Most Efficient Way to Buy Gold?

When it comes to owning and trading gold, there are many options. The most popular are gold coins and small gold bars, but unfortunately, these are also some of the more costly ways of owning gold. In fact, when calculating the cost of gold, potential investors need to consider price, but they must also account for the return on investment, shipping and insurance, and the increase in value after the gold has been bought and sold. 

  • OneGold sells in any quantity.
  • Low storage fees. 
  • There are no sales taxes.

Open Your Account Today

While several companies offer free shipping for gold coins and small bars, this isn't a transparent process. The cost you pay for shipping or moving is actually transferred to the cost of the gold itself, along with the expense of being manufactured and the profit margin. As a result, it's quite common for buyers to pay 5 to 8 percent over the actual wholesale price of the gold item.

Some people are fine with paying this 5- to 8-percent markup. However, when it's time to sell, these items are very unlikely to reach their buying price, causing customers to lose further.

Someone who buys gold coins and bars will very rarely be able to buy at spot price, largely because of the overhead costs of business. Buyers must also consider the likelihood that items aren't entirely what they appear to be; for example, some rare coins are quoted at prices higher than spot, while small bars pull 2 to 5 percent less than spot price.

In general, the cost of buying and selling gold coins or small gold bars is likely to cost up to 10 percent over the value of the gold itself. Because most people choose to invest in gold as a way of storing value, losing one-tenth of an investment is certainly an inefficient way of spending money.

How OneGold Lets You Buy Gold in a Cheaper, Safer, and Easier Way

  • Purchase in any increments.
  • Pay close to wholesale prices.
  • No sales tax.
  • No delivery costs.
  • Transactions secured cryptographically with blockchain technology. 
  • Low storage and insurance costs
  • Buy and sell 24/7. 

Note: This page is for informational purposes only. Past performance is no guarantee of future results. Before making any investment, consult with a financial professional to see if precious metals is the right investment for you.