Gold has always been a symbol of wealth and prosperity, and objects made of this precious metal are synonymous with luxury. In Romania, gold is still extremely popular, both in the form of jewelry and as an investment. If you also want to invest in gold, you can do so by purchasing bullion.
This method is very safe and advantageous and can turn into an extremely profitable investment in the long run. Learn more about the benefits of investing in gold bullion and how you can do it.
Why Invest In Gold Bullion?
Have you wondered why it would be worth investing in gold bullion over, for example, stocks? Here are some clear advantages that might convince you to consider this practice.
Gold Retains Its Value
Gold bullion investments are among the safest in the world because gold can maintain its value over time. More precisely, it remains valuable, and the chances of suffering losses are very small. Over time, there have been few declines in the price of gold, while its value continues to rise.
Additionally, this high monetary value is not influenced by inflation or other political or economic changes that typically affect currencies. Even in times of crisis, gold bars will retain their value.
The Supply Of Gold Is Still Limited And The Demand Is Increasing
Gold bars cannot be found at every turn and compared to other investable assets, they are quite limited. However, the demand for gold is constantly on the rise, which has led to an increase in its value. If you have invested in gold bars and decide to sell some of them, you could make a significant profit.
Gold Is An Internationally Recognized Capital
Unlike certain currencies that you may have difficulty trading abroad, gold is universal. It usually has a standard value all over the world, so if you want, you can sell it to other countries without problems. More precisely, the gram of gold in bullion has a certain price, and even if it increases, its value will be the same regardless of the country in which you are.
The Investment Is Exempt From Vat
Investment in gold bars is the only one for which you will not have to pay VAT. Instead, you will have to pay taxes on any other types of investments.
When Is The Right Time To Invest In Gold Bullion?
In general, the price of gold bullion tends to be higher during periods of economic, political, etc. crisis when other assets fall. But since the current geopolitical and economic context undergoes numerous fluctuations constantly, it is difficult to choose a strategic moment. You could choose to make this investment at any time.
However, an ideal time to invest in bullion is when you want to make some savings or secure your wealth. If you have a large amount of money, you want to invest it, but you want a domain as safe as possible, without losses, an inspired choice is to buy gold bars.
How Can You Invest Smartly In Gold Bullion?
There is no specific rule by which you should invest in gold, just as there is no minimum amount that should be spent. So you can purchase as much gold as you want. Here are the things you should keep in mind.
Types Of Ingots
Ingots have different weights with different values. In general, it is recommended to go for the 20 gram, 50 gram or 100 gram, as these are the most profitable options.
As mentioned, there is no standard rule that stops you from purchasing larger or smaller ingots. However, it is more advantageous to buy several ingots with a lower weight in favor of a single one with a higher weight. Thus, if you want to sell them, you will be able to do so more easily.
Buy Only From Authorized Dealers
To ensure that your bullion is exactly what you are paying for, choose to purchase it only from authorized dealers. These may also be available at different banks.
Store Them Carefully
To keep them safe, store the bullion in a safe place. If you want to keep them at home, it is recommended to buy a safe, but do not forget that there is always the risk of being the victim of a robbery. That’s why you should also consider storing them at the bank in a safety deposit box.
Is Buying Jewelry As Advantageous As Investing In Gold Bars?
Gold jewelry has a different value than bullion when it comes to buying it. If you have a choice between purchasing a bullion and a gem that, in terms of weight and carat, have the same value, the gem will be more expensive. This is because, in the case of jewellery, VAT comes into play and the price difference between selling and buying is greater. In contrast, in the case of ingots, this difference is below 5%.
Also, if you buy jewelry and then want to sell it, the process won’t be as simple. They have no international value like bullion and the price can vary widely. Instead, once you decide to sell a bullion, you’ll know exactly how much money you can get for it.
Gold bullion is a very safe investment destination. They retain their value, are not taxed and can be sold without problems anywhere in the world. In addition, you forget about the worry of inflation and you don’t have to worry about suffering losses due to economic and political events that sometimes destabilize the financial situation of the globe.