Investing in Gold Bullion Washington DC

The skyrocketing price of gold makes gold bars an attractive investment, but as with every investment, there's risk involved. Here we'll help you become an informed buyer, know how, what and where to buy, and how to protect your precious investment.

Local Companies

Edward Jones Investments
301-379-3380
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Clinton, MD
Andrews Federal Credit Union
(301) 702-5500
5711 Allentown Rd.
Washington, DC
W Assisting
(800) 657-4971
2715 Knox Terrace, SE
Washington, DC
Operation HOPE, Inc.
(202) 582-2212
2509 Good Hope Rd., SE
Washington, DC
Samson T.A. and Associates CPAs, PLLC
(202) 595-9369
37 L St., SE
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Transportation Federal Credit Union
(202) 366-9400
1200 New Jersey Ave., SE
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Mendelsohn Haynes, LLC
(202) 536-3226
1722 Bay St., SE
Washington, DC
Daniel Black and Associates, CPA
(202) 544-3346
236 Massachusetts Ave., NE
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Treasury Department Federal Credit Union
(202) 289-1950
Treasury Annex, Rm 1000
Washington, DC
Tracie D. Powell P.A. Chartered
(301) 779-5005
4500 21st St
Washington, DC

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Gold bars and refined gold coins—collectively defined as gold bullion—come in various sizes, weights and types. As purchasing gold coins is as simple as a trip to your nearest coin shop, this article will focus exclusively on the considerations of buying gold bars.

Know why you’re buying gold bars

While some individuals may buy gold in other forms (coins, nuggets, jewelry, etc.) for its intrinsic beauty, those who purchase gold bars generally do so solely for investment purposes, as a means of hedging against inflation, thereby preserving or enhancing an individual’s asset base. Like any investment, buying gold bars involves some risk, but you can minimize that risk by understanding the dos and don’ts.

 

Consider historical gold prices

The price of gold has been steadily increasing for several years now. By the end of 2003, gold closed at $414.80 a troy ounce. As of this writing (end of the first quarter 2008), the spot price of gold was approximately $930 for a Troy ounce (approximately 1.1 ounce)—more than double the price 5 years ago. Given current prices, a 1-kg gold bar (about 2.2 lbs) costs about $30,000.  If you’re going to buy gold bars, you should have an understanding of some of the volatility gold prices have seen over the years. In addition, as I’m sure you’ve probably seen in many financial disclaimers; past performance to does not guarantee future results.

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NuWire Investor is an online publication that offers quality information about alternative investments such as real estate, commodities and franchises.

Author: Barbara Zigah
Copyright © NuWire Investor and NuWire, Inc 2007. All rights reserved. NuWire Investor material may not be copied, reproduced, redistributed, published or modified without the prior express written consent of NuWire, Inc.

Featured Local Company

Edward Jones Investments

301-379-3380
.
Clinton, MD

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