Since time immemorial, gold has been viewed as a symbol of wealth and status. It held tremendous value among ancient civilizations for its relative scarcity and its use in crafting elegant pieces of jewelry, ornaments, and other valuable things.

Gold has retained its value over the years, with people utilizing it for different purposes. Among investors, Gold is used as a safe haven in times of economic uncertainty and as a way of diversifying portfolios. Likewise, collectors use Gold as an avenue for accumulating wealth, while fashion experts use Gold in creating beautiful clothes and accessories. One thing these people have in common is their ability to acquire gold that fits their requirements. As an investor, you too should be able to buy gold that fits your investment plan.

Here are the best ways to buy gold for investment.

Gold Bullion
Gold Bullion is a “physical way” of investing in gold and usually appears in the form of bars and coins which can be bought from dealers and online sellers.

Some characteristics of gold bars and gold coins are noted below;

Buyers retain physical ownership in Gold.
Their recommended gold purity level is 99.5%
Each gold bar and gold coin have its manufacturer identity, and weight class engraved on it.
Insurance and storage cost is covered by the buyer.
They can be sold back to dealers and retailers.
Gold Certificates
Gold certificates are securities that track the development of the gold price. The value of each gold certificate is always dependent on the price development of its underlying asset, i.e. the price of gold.

By purchasing a gold certificate, investors do not become owners of gold in any way, they only participate in the development of the gold price. With the purchase of a certificate, the issuer also takes on counterparty risk. In addition, it is not transparent for investors which type of gold they are investing in. Where the issuer of the certificate goes bankrupt, the product is very likely to lose its value.