Process of Buying Bullion
Open An Account
Your application to buy gold and silver bullion will be automatically generated. A consultant from Guardian Gold will personally contact you once your account application is approved.
You will need to have the following documents on hand to complete the application and open your account to buy gold and silver bullion:
The unique properties of bullion as an asset, and its’ relative safety and liquidity and its’ low volatility in correlation with other financial assets have ensured that it remains a popular investment asset.
Bullion, whether silver or gold, as an investment can act as a hedge within your investment portfolio against other assets. Unlike fiat currency, bullion is not vulnerable to devaluation and has proven throughout history to have a reputation for reliability and consistency. Precious metals can improve performance and risk profile and reduce the effects of inflation and devaluation. Since the GFC, gold and silver is becoming more and more popular as individuals and SMSF’s realise the impact the economic crisis had on fiat and electronic currency.
Some of the influences for the price of gold are:
Some of the influences for the price of silver are:
Cast, Minted or Coined?
Clients often ask us “what’s the difference between cast and minted?” The process of producing a cast bar or ingot, is when the molten metal is poured into a mould with the result of a lower quality finish. The hallmark, weight and purity is stamped on the bar before it has cooled.
Minted bars are made from blanks that have been handcut to the required dimensions from a flat piece of precious metal. The markings are applied by presses. Minted bars are almost identical.
When buying precious metals, the intrinsic value is in the gold or silver content of the bar; the form it comes in is all down to personal preference.
What to Consider
There are many components that must be considered when buying gold bars and each may differ depending on how you envisage your investment strategy to work.
For example: 32 x 1oz gold ingots are more flexible than a 1kg (32.151oz) gold bar. The reason being that you don’t have to sell the 1oz ingots all at once, whereas with the 1kg bar you would.
Either way, you will be able to sell them, but you must consider your exit strategy as although gold is a long term investment, there may come a time where you want to sell it in smaller amounts. A particularly important consideration as the price of gold increases.
The same goes with silver, it is much easier to store, transport and sell a 1kg silver bar compared to a 1000oz silver bar (31.1035kgs). However, large bars are more cost effective per ounce, as the barring costs for one large bar as opposed to many smaller bars is lower.
Nevertheless, doing your due diligence in all aspects of your investment will significantly assist you long term. What may work for others, doesn’t necessarily work for you.
Purchase and Storage
Guardian Gold has a tailored service with a professional team to assist individuals, but also those wishing to purchase under a self-managed super fund.
With no minimum or maximum purchase requirement, you are able to buy and store gold and silver through a simplified process.
We are able to fulfill all auditing and documentation that may be required from time to time for bullion storage, with auditing statements to submit to your accountant and access activity reports at your request.
How it works
Members will have to Log in to purchase online, or if you don’t have an account – you will need to register to buy gold or silver bullion.
If you don’t want to purchase online through our website, please don’t hesitate to call or email our office.
Once you have opened your account, your application will then be processed immiedately and a representative will contact you to enable you to start purchasing. We will answer any questions on ‘How to buy gold’ to make it simple and easy to transact.
Payment can be made in a number of ways, to place and confirm your order you are required to submit the receipt of transfer of monies via email, facsimile or in person. It is the responsibility of the purchaser to notify Guardian Gold of any payments made. In the event that the purchaser does not provide notification of payment, Guardian Gold will not be responsibile for any delay in locking in the price.
Once you have received your quote and confirmed your bullion investment, by way of payment, an invoice will be raised reflecting your product and the receipt of payment. At this stage Guardian Gold will lock in in the price. Guardian Gold will not lock in any purchase based on a verbal commitment of payment.
All orders placed are delivered to the vaults unless otherwise specified, you will be notified of its delivery at which time you are able to collect from the offices or transfer them to your safe deposit box or bullion safe.