A Beginner’s Guide to Buying Gold for Investment

A simple strategy for investing in gold and precious metals

Photograph credit — Mark Johnson

Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling

George S. Clason, The Richest Man in Babylon

Over the years, many of my clients have asked me for advice on buying gold. As an experienced jeweller, I make a distinction between purchasing jewellery for investment and investing in gold or precious metals for financial gain.

Through my work, I have access to gold bullion dealers who can supply me with any amount of gold, depending on my requirements. Gold comes in the form of coins, bullion, sheet, grain, mounts, findings, castings and wire to name just a few ways we buy gold in the jewellery trade.

As a jewellery store, we buy gold and precious metals to create items of jewellery.

Very few clients purchase items for investment. They do, however, enjoy holding gold jewellery which retains an intrinsic value — in addition to sentimental value.