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Buying gold from a bank or a specialist company? Advantages and disadvantages

The 06/07/2022 in "Gold"

You have a few safe investment projects in mind, but, understandably, you are still hesitant. You know that precious metals have always been a safe investment. But you don't know how to go about it. So here are a few tips to help you make your plans a success:


1. Buying gold between individuals

It goes without saying that this involves risks if you do not have complete confidence in the seller. There is also no guarantee of the quality and/or conformity of the material.


2. Buying gold from a bank, then?

And frankly, what's more, you even have the option of choosing how you want to buy it. That is, at the market price (nothing more traditional) or at a price you have set in advance with a view to future offers. This is of course more reliable than the first option, no one will deny it. But be careful: on the one hand, your bank will charge you a significant, even exorbitant, commission, and on the other hand, don't forget the cost of renting the safe deposit box.

 

3. Turn to a company specialising in precious metals

It is best to contact companies specialising in precious metals (coins, ingots, bullion), who will be able to give you the best advice based on their expertise. And the cherry on top of the bullion, they can offer you additional services such as guarding or storage in a private safe. Be careful, however, as some of these companies can give you unpleasant surprises, so it is important to turn to recognised companies with a good reputation (and good online reviews).

Since 1933, Godot et Fils has been recognised for its seriousness and rigour. So with its site achat-or-et-argent.fr, you can tell an adviser directly about your investment plans by telephone or email. You can also make an appointment in one of our GODOT &FILS agencies, located throughout France. We accompany you in your precious metal transactions. This makes us a historical broker for the purchase and resale of gold and silver. You will appreciate our exclusive safekeeping service for your valuables. We also buy back your jewellery and diamonds. 

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