The Beginner’s Guide to Buying Precious Metals

A great way to diversify your holdings and safeguard your wealth is by investing in gold. However, purchasing actual gold in Canada can be a difficult task for unsophisticated precious metals buyers.

How to Buy Gold Bullion

Finding a trustworthy dealer who sells gold bullion is the first step in purchasing real gold in Canada. Online is one of the best places to start your search. Many online merchants, including, sell gold bullion. Make sure the dealer you choose is reputable and has a proven track record. To make sure you are doing business with a reliable dealer, look for reviews and ratings from other customers.

Another choice is to go to a nearby bullion dealer or coin shop. These stores typically offer advice on what to buy and safe ways to store your gold in addition to selling gold bullion.

How to Buy a 100 Gram Gold Bar

Once you have found a reputable dealer, you can start looking for the size of gold you want to buy. One popular option is a 100 gram gold bar; here are the steps to buy a 100 gram gold bar:

  1. When choosing a brand, consider factors such as reputation, purity, and authenticity. Some well-known brands include PAMP Suisse, Credit Suisse, and Perth Mint. Additionally, it is important to research the current market price of gold and compare prices from different sellers to ensure you are getting a fair deal.
  2. Researching the term “Casted bar vs minted bar” will help you understand the different manufacturing processes and their impact on the quality and value of the gold bar. Casted bars are typically produced by pouring molten gold into a mold, resulting in a rougher appearance, while minted bars are made by stamping pre-cut blanks with intricate designs, resulting in a more refined finish.  Understanding these differences can assist you in making an informed decision when purchasing a 100 gram gold bar.
  3. You can easily find the current price of gold by checking financial news websites or contacting a reputable gold dealer. Additionally, it is advisable to compare prices from different sources to ensure you are getting the best deal possible.
  4. Place your order with the dealer. You can either do this online or in person. If you are buying online, make sure the dealer has a secure website and offers a variety of payment options
  5. Arrange for delivery or pick up. If you are buying online, the dealer will typically ship the gold to you. If you are buying in person, you can either take the gold with you or arrange for it to be stored in a secure location.
  6. Once you receive the gold, it is important to verify its authenticity and quality. You can do this by taking it to a reputable appraiser or using a gold testing kit.

How to Use a Bullion Exchange

In a bullion exchange, buyers and sellers can transact in gold and other precious metals. To use a bullion exchange, follow these steps:

  1. Search for a reliable bullion exchange. The Toronto Stock Exchange and the Canadian Bullion Services are just two of the many exchanges available.
  2. Register for a profile with the exchange. Usually, this entails divulging private information and proving your identity.
  3. Fill up your account. To do this, either transfer money from your bank account or deposit a cheque.
  4. Put in a purchase order for gold. A limit order can be placed to buy gold at a specific price or at the current market price.
  5. Take note of your account. After making a gold purchase, you can keep an eye on your account to see how your investment is doing.

Buying real gold in Canada can be a profitable investment, but it is important to do your research and choose a reputable dealer.  You can buy gold bullion, or use a bullion exchange with confidence by following the steps above. Remember to always check the current price of gold and to store your gold in a secure location. For more information and to buy gold bullion, visit


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