Investing in gold is an excellent way of diversifying your portfolio because its price increases in response to events that cause the value of paper investments such as stocks and bonds, to decline. So, whenever you see trouble in the global financial markets, you should turn to gold as a way of stabilizing your investment portfolio. However, you should be careful about how you go about investing in gold. The good thing is that Melbourne Gold Company who are gold dealers in Melbourne have a solid reputation and you can expect the following when you trade with them.
Live Gold Prices
If you’re interested in buying gold, you can compare prices and look for the best deal by checking out the global spot prices of gold and the market rate the dealer is charging above spot. Live gold prices are updated by the minute, and they show you the performance of gold whether it’s rising or falling. When you look at a chart, it will show you high and low gold prices as well as the change in price, including the percentage. You can even monitor price changes on an hourly basis. And if you’re planning to invest long term, you can study a 30-day or one-year difference in prices.
Security and Privacy
The best gold dealers Melbourne provide a safe and secure location to conduct business. When discussing a deal, you can do so discreetly from a secure transaction window or within a private room meeting. You can, therefore, expect to get superior security and personal service every time. And if you have any question, a gold dealer is there to provide guidance. Your privacy is guaranteed, and any information you provide won’t be shared by third parties. Gold traders value the strong relationships they build with their customers, and they know that keeping your personal information confidential will be vital to providing superb customer care.
How to Invest
When it comes to investing, the gold dealers in Melbourne will educate you on choosing the right investment. For instance, gold coins are more collectible than bullion bars but you pay a higher premium. Also, coins will be a lot harder to sell in case of a crisis, which makes bullion bars the primary choice. Also, bullion bars can be easily stored and transferred. They are also available at the lowest premiums above the spot price. As a new investor, bars allow you to build your financial portfolio quickly. These are just some the things to consider, and a gold trader can provide you with the right solution.
ID Requirements
If you intend to invest up to $5,000 worth of gold, you don’t need personal identification. However, if you have set aside more than $5,000 to invest in gold, you will be asked for personal identification. In such a case, you will need a government-issued photographic ID card to buy gold. You can use your driver’s license or passport as proof of identity. And if your driver’s license or other photographic ID doesn’t have your present home address, you will need to provide a bank statement or utility bill as verification. You can find out more information about ID requirements when you contact or visit gold dealers Melbourne.