There’s a reason wholesale shopping is popular. When it comes to food and similar goods, the advantage lies in getting bulk rate prices that add up to significant savings, which is definitely a good thing in the current economic climate. Fortunately, the same concept applies to gold. Granted, you can’t just go to your local Costco and stock up on gold. However, there are other ways you can enjoy the perks associated with wholesale gold purchases. If you’re interested in investing in gold, check out some of the advantages and disadvantages of buying it wholesale, brought to you by the professionals at First National Bullion, the best place to buy gold in Carlsbad.

Lower Per-Ounce Prices

The main advantage of buying gold wholesale is enjoying a lower price per ounce for the gold you’re buying. This is where your savings really add up. If you make smaller gold purchases at different times over about a year, you’ll actually end up paying more for your investments than if you had made your purchases in bulk.

Pros & Cons of Buying Gold in Bulk

The biggest disadvantage of wholesale gold buying is the extra up-front cost. If you can’t afford to buy gold in bulk, it’s better to make smaller purchases over time. On the other hand, if you can afford to make bulk purchases, there are some appealing perks to consider. These include:

• Getting all your gold for the current spot price
• Enjoying extra discounts, since some sellers offer special deals
• Being able to leverage your buying power to optimize your long-term savings

Buying in bulk also offers a significant advantage if you end up selling your gold in the future. You’ll have a larger inventory to put up for sale, which gives you flexibility with what you opt to part with and what you keep. In other words, you don’t have to settle for selling just one piece of gold and hoping you get a good deal. You can break down your gold into smaller bundles or bulk purchase opportunities when you become the seller.

Precious Metals IRAs

Another advantage of being able to buy gold wholesale is the ability to pass your savings along to yourself when you retire. One way to do this is with a precious metals IRA. In addition to giving you the advantage of having your retirement savings all set, you’ll also benefit from off-site storage options. Typically, what you buy in bulk is stored at an off-site depository or storage facility. You may also enjoy tax-related benefits by transferring your bulk gold purchase into an IRA specifically designed with precious metals in mind.

Talking to an Investment Professional

This is a step worth taking if you’re just getting ready to make your first wholesale gold purchase. You’ll get advice from an investment professional based on your unique concerns and purchasing capabilities. Plus, you’ll become a more informed investor, which is certainly a good idea if you make a larger gold purchase in bulk.

No matter what type of precious metals you’re looking to buy or sell, from palladium bars to silver coins or Carlsbad gold and bullion, trust the reputable dealers at First National Bullion and Coin. You can rely on our experienced professionals when you’re looking to add precious metals to your collection or investment portfolio. Call one of our precious metals experts today at (760) 253-8072.

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.