If you are looking for the least expensive way to purchase gold and actually take possession of it, then the way to go is to obtain gold bars. By using this method, you will find that gold bars are usually less costly than gold coins of the same weight. That being said, gold bars do not appreciate over the price of the gold that is contained within them, as gold coins sometimes do.
The least expensive gold bar based on what you would pay for the amount of gold within it, weighs 400-ounce (12.4kg). This type of item in most cases is purchased by manufacturers that use the gold within it to produce a product of some kind. The most expensive gold bar you can buy based on what you would pay for the amount of gold within it is called a “One Gram Novelty”. It usually cost twice the price of what gold bullion is selling for when you purchase it.
There are many reputable dealers that you can find on the internet to purchase your gold bars from. If you happen to live in a large city like New York or London, you can also use local gold retail outlets to obtain it.
There are other considerations you need to account for when you are making this type of transaction. Depending on the amount you buy, you are going to need to find a place to store it. Under no circumstances should gold ever be warehoused in your home. You are just setting yourself up for disaster, because sooner or later somebody will find out you have it, and your house will be broken into.
If you only purchase a small amount of gold, the safest and least costly place to store it is in a banks safe deposit box. If you purchase a large quantity of it, you will probably need to store it in a specialized gold storage facility. In this case, the broker you obtain it from will usually make the arrangement for you. There will be both storage and insurances fees associated with holding onto gold in this fashion.