{"id":1217,"date":"2021-09-28T17:59:26","date_gmt":"2021-09-28T16:59:26","guid":{"rendered":"https:\/\/www.jblundells.co.uk.com\/shop\/?p=1217"},"modified":"2022-09-21T12:21:20","modified_gmt":"2022-09-21T11:21:20","slug":"invest-gold","status":"publish","type":"post","link":"https:\/\/www.jblundells.co.uk\/shop\/invest-gold\/","title":{"rendered":"I have \u00a350k budget, how should I invest in gold?"},"content":{"rendered":"\n

One of the frequent questions we get asked is which gold bar should a customer buy? Well, it really depends on your investment budget and individual needs. However, usually people are looking to invest in gold over a longer term than bitcoin or shares or safeguard against inflation and such, what that means is you don\u2019t want a temptation to sell gold too early or get locked into selling a kilo bar worth \u00a340-\u00a350k to release say, just \u00a35k worth of cash!<\/p>\n\n\n\n

If you have a investment budget of say \u00a340- \u00a350k you could easily buy 1KG bar<\/a>, however it might be good to buy a 500gm bar that you wouldn\u2019t easily be tempted to sell and buy a 250gm with 2X100gm<\/a> and a 50gm bar. Tip is to diversify in terms of weight, so if you have a short term cash deficit then you don\u2019t have to break a big bar of 1kg, you could just sell a 100gm or 250gm bar to get through a short term situation. <\/p>\n\n\n\n

You could buy 10X100gm bars, however there smaller the bar more it costs per gram and also it could make it a little too convenient to sell something that you wanted to keep over a longer term. Again it depends on what your individual needs are, there are plenty of customers who choose this option as well and they do get a volume discount when bulk buying. <\/p>\n\n\n\n

Another option is to get a secured loan against a gold bar, you should get 70% to 80% LTV ratio and may be the interest spent is worth not loosing an investment asset. J blundell and Sons offers both, we buy your gold and we give out loans against gold, please check out the \u2018Borrow\u2019 which covers loans in detail. <\/p>\n\n\n\n

Hope this was helpful. <\/p>\n\n\n\n

Advice above is generic and you should consult a financial advisor who can advise you about your individual needs. <\/p>\n\n\n\n

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