The Essential Guide to Buying 1 Oz Gold in Canada Market
What to Know Before Buying 1 Oz Gold From BMO, TD, and Other Major Banks
Do your research.
Check the gold price per ounce to see if the bank's offer is reasonable. Bank rates vary, so compare them. Learn about 1 oz gold coins.
Ask about fees.
Bank commissions, storage costs, and buy/sell spreads reduce earnings. Ask for all costs in writing before buying. Remember that some banks waive or cut fees for larger transactions.
Consider alternatives.
There are alternatives to banks. Discounts are common for independent dealers. Find the best deal by comparing costs.
Storage and insurance.
Gold requires a safe location to keep and insurance to preserve your investment. Ask the bank for free storage and insurance. If not, include those charges.
Getting the Best Deal on 1 Oz Gold Bars and Coins at Bullion Mart and Border Gold
Bullion Mart and Border Gold, Canada's top precious metals merchants, provide competitive 1-ounce gold bar and coin pricing. Tips for finding the greatest deal:
Check Live Pricing: Gold prices change daily based on market prices. Compare live buy and sell prices on Bullion Mart and Border Gold to find who offers the lowest gold premiums. Gold bar and coin premiums cover production and distribution costs. Reduced premiums decrease your overall cost.
Buy During Dips: Use a drop in gold prices to acquire 1-ounce gold bars or coins at a bargain. You may purchase gold for less than the spot price when dealers decrease their premiums to encourage customers. Timing the market or setting price alerts to purchase dips.
Buy in Volume: Buy more, pay less. Buy 20 or more 1-ounce gold coins and inquire about volume savings. Physical gold is best purchased in quantity to maximize discounts.
