Passing by the most reputed NY gold shop the other day, did you think that buying a few gold bars would be a good idea? Well, in recent times, where no investment is sure, gold is definitely a bright spot. Gold bars are liquid, stable investment and in this rough economic weather they are extremely valuable. If you want to purchase gold bars, you will first have to find a legitimate dealer. The Better Business Bureau of New York will be able to help you in this regard. Look for gold dealers who have been in the business for quite some time. Purchasing gold bars is like any other cash transaction because by no means can you license gold dealers.
Before you get in touch with the New York gold bars dealers, be clear about what you want. Do a bit of research before you get into any talks with the dealer. Understand the basic difference between minted and ingot gold bars. Understand how the bars are weighed and priced. If your finances permit you, purchase large gold bars. The gold dealers actually charge a premium that will decrease with the increase in size of the bars. So, it is far more sensible to purchase a few large gold bars than several small bars. You must have a secure place to keep the gold bars. Try to keep the gold bars in the safety deposit box of your bank. There are certain independent depositories who charge a storage fee for storing valuable items. You can talk to them as well.