Getting Started

Insight of Gold and Silver Markets

Gold and silver have been recognised as valuable metals and have been coveted for a long time. Even today, precious metals have their place in a savvy investor’s portfolio and should be considered part of a beginner’s portfolio.

Gold and silver are like many assets making us a balances investment portfolio, much like shares, bonds and property. Metal value can quickly move upwards and downwards, affected by many factors. For centuries, gold and silver have been considered a safer haven from currency devaluation and as a preservation of wealth.

There are many ways to start buying gold, silver and platinum, so if you are just getting started in precious metals, read on to learn more.

Bullion prices are dictated by a spot or live price.

The spot price is simply the price at which a commodity could be transacted and delivered on right now. This contrasts with futures or forward contracts. The spot price of gold refers to the price of one ounce of gold and the spot price of silver refers to the price of one ounce of silver.

Know your Bullion Dealer

The internet has become a popular way to find bargains for just about anything, but the ambiguity that comes with it, also comes with the chance of scammers and fraudsters.  It is not a good idea to purchase from these types unless you are very comfortable in authenticating the bullion yourself. Here at Private Vaults Australia, partnering with Australia’s 3^rd largest bullion dealer, Gold Bullion Australia, we guarantee your bullion purchase and will buy back from you when you want to sell.

Research your Bullion Dealer

Like any business, the years and experience in business is a comforting feeling when you are a beginner and or long-term bullion buyer. They will be more informed in what is happening in the marketplace and can guide you on spot prices.  Gold Bullion Australia, have been established since 1980, so with over a 40-year history we can certainly assist you with any questions you may have. You can email us, call us or visit us in person to see the kind of feeling you get. Likeable, knowledgeable, reliable and trustworthy – these are the qualities we pride ourselves on.

Start with small quantities

Until you are comfortable with investing in bullion, many beginners prefer by starting with small quantities.  It does not take long for the gold bug to bite and you will be keen to increase your collection.

Look for a Buy-Back Policy

Reputable dealers offer buy-back policies as a sign of good faith to their customers. Here at Gold Bullion Australia, we guarantee buy-back at our published prices on our Charts and Price page HERE at the time of selling.  We will inspect, weigh and authenticate the bullion and we will purchase it immediately making your gold or silver a very liquid commodity to own.

Know where your bullion is being stored

Trustworthy gold dealers will also be able to offer a way to safely secure your bullion.  Whether it be in custodial vaulting or with a Safe Deposit Box then this is something you should seriously consider, for your own safety and for protecting your bullion asset.