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Buying Gold Bullion Online

Gold, despite being often less valuable per ounce than platinum, is considered by most investors to be the ultimate precious metal. After silver, gold is the most commonly-traded precious metal. Indeed, gold and silver have been intertwined since the beginning of human history -- both as coinage metals, and later as investment bullion. Unique for elemental metal, gold has a color other than silvery-white. The pale yellow color of gold has long been associated with money and wealth. Because gold is, in most cases, chemically inert, it often exists in its native form, with no need for processing. This fact is what allowed gold to be known and valued since ancient times.

In modern times, the supply of gold has been rapidly dwindling. Unlike silver, which is usually obtained as a byproduct of mining for other metals, gold is mined directly, in some of the harshest environments on earth. The lengths that humans go through to mine gold is extreme -- some gold mines in South Africa are so deep, they exceed the depth of the nearby ocean and require massive chiller plants to keep the air at a temperature where humans can survive. Why go through all this hassle to obtain gold? Simply put, there is not much gold left that we can mine, and gold prices are sure to explode upwards in the future. Investors know this, and despite the high price of one ounce of gold, they have been buying gold bullion online in large amounts.

From Where Does Gold Bullion Come?

Improved mining and refining technologies in the last 100 years has greatly increased the supply of gold for a time, but this proved to be only temporary. Most of those mines are played out and abandoned, the gold long-since removed. New sources of gold are quite rare, and are usually in inhospitable places where extraction is difficult. Considering that demand is soaring, both from bullion investors and the industrial sector, the spot price of gold bullion will continue to climb ever higher. The fact that serious discussion is given to potentially mining asteroids for gold indicates how extremely valuable gold is. Private individuals, once legally barred in many countries from owning gold bullion, now are allowed to buy gold bullion in any quantity. 

Investing in Gold Bullion

Investors, from private individuals to powerful Central Banks, have been madly buying gold bullion since the global economic troubles in 2008. Physically owning gold bullion is a strong defense against inflation and currency devaluation. Additionally, smart investors looking to make a quick profit often buy and sell gold bullion quickly, taking advantages of sudden market upticks. Though it is more expensive to buy gold bullion than it is to buy silver bullion, investors still buy gold online in increasing amounts because of the high value of gold and the security provided by owning physical bullion.

Online stores like CBMint are the best places to buy gold bullion, as we have much lower costs than brick and mortar stores, allowing us to sell gold bullion to our customers more inexpensively than physical stores are able. With fiat currencies subject to inflation and market forces, coupled with policies in the government and business world often causing economic troubles, no safer investment exists than physically owning gold bullion. Gold bullion is sold to the public in the form of gold bullion bars or gold bullion coins, though some gold rounds have also been produced. In the United States, much gold bullion is considered eligible as IRA Gold, meaning investors can place physical gold bullion into a self-directed IRA account. Studying Historic and Current Gold Prices is a great tool, helping guide the purchasing decisions of buyers who invest in gold bullion online.

Buying Gold Bars

When looking at a bright, lustrous and shiny yellow gold bar, one cannot help but think of wealth. Gold bars come in all sizes and weights, from small, Fractional Gold Bars such as 1 gram gold bars up Large Gold Bullion Bars, such as 1 kilogram gold bars. Even larger are the massive Good Delivery bars used by governments and banks in their gold reserves. Most common, however, are the commonly-traded 1 ounce gold bar and 10 ounce gold bar, both being gold bullion staples for decades. Modern gold bars are almost always produced by private mints, such as NTR, PAMP, OPM, and Credit Suisse. Gold bars are manufactured via the pouring or the stamping process. The pouring process, now rarely used, involved pouring molten gold into a mold until it solidifies. These bars are called poured gold bars. In the stamping process, gold bars are stamped out of a blank planchet of solid, not molten gold.

Gold bullion bars produced today are top-quality and have a very high gold fineness -- at least .999. Like most bullion bars, they usually have little adornment other than the mint name, gold fineness, and weight of gold, but several mints do make gold bars that feature a beautiful and pleasing design -- such gold bullion bars are known as gold art bars. Though not as collectible as gold coins, some gold art bars have great designs and make great gifts. Investors, of course, are steadily buying gold bars online because they have lower premiums and trade closer to the actual gold spot price.

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Buying Gold Coins

Gold coins were once an important component of circulating currency. Today, however, the melt value of gold in a coin far exceeds the nominal face value of any given gold coin, so gold coins are no longer produced to circulate as money. Instead, gold coins are manufactured as gold bullion coins, intended for collectors and buyers who invest in gold. Gold coins are specifically those produced by sovereign government mints -- if produced by a private mint they are referred to as gold rounds. Gold bullion coins typically have a very high (.999 or more) gold fineness, legal guarantees to purity and metal content, and legal tender status within the country that mints them.

Famous examples of gold bullion coins are the Canadian Gold Maple Leaf, the American Gold Eagle, the venerable Gold Krugerrand, and the Chinese Gold Panda. Due to the history and outstanding designs of these official gold bullion coins, they possess some numismatic value and are coveted by collectors, gift givers, and investors who buy gold bullion coins online. Both groups garner significant cost savings by buying gold coins online, as online bullion stores like CBMint have much lower overhead than traditional, brick and mortar stores, and those savings are passed directly onto customers.

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Gold Bullion – Synonymous with Wealth

Gold, chemical symbol Au, is a soft and dense metal with a bright yellow color that does not tarnish in water or air. Gold is one of the least-reactive of all chemical elements and, therefore, can be found in nature in its free, native form. Gold is also the most malleable of all metals – one ounce of pure gold can even be beaten into a 300 square foot thin sheet. The resistance of gold to chemical reaction, attack by acids, and its malleability ensure that gold, though rare and quite expensive, still has important uses in industry. Many industries buy gold metal in large amounts, accounting for much of the global production of gold.

Gold has uses in modern medicine and dentistry, though its main industrial use is in the electronics industry. Gold is highly conductive to electricity, and its resistance to corrosion makes it extremely useful for electrical contacts in harsh environments. Gold is also a good reflector of electromagnetic radiation such as visible light, infrared, and radio waves, making it useful for protective shields on many satellites and war planes.

Despite these important uses for gold, its main use in society is also the reason for which it is most famous, as a store of wealth. Historically, gold was used mainly in coinage intended for circulation – the Lydians were minting gold coins as long ago as 700 B.C. Large-scale transactions in the ancient world were done by large exchanges of gold coin. Gold remained a backbone of currency and coinage until recently, when most governments of the world left the Gold Standard and began to use fiat currency – currency that has value only through government decree. After leaving the Gold Standard, for a time many nations forbade their own citizens to own gold coins or gold bullion. Those policies have since eased, and despite the dwindling supply, owning and buying gold bullion has become an important investment for millions of people. We want to ensure that CBMint is the best place to buy gold bullion online, period. Should you have any questions or comments about our gold bullion products or about buying gold bullion online from CBMint, do not hesitate to Contact Us, or call CBMint toll-free at 1-866-300-0504.