Gold $2,371.40   $-44.80  Silver $27.96   $-1.23  Platinum $944.10   $-21.50  Palladium $928.00   $-21.00

Gold can be a sensible and beneficial investment, especially if you’re looking for some added protection and peace of mind in uncertain times. At the same time, it’s understandable to be concerned about price as you get ready to make a purchase. Below, the precious metals experts from First National Bullion and Coin, the best place to buy gold in Scottsdale, take a look at the cheapest countries to buy gold from and offer some other ways you can purchase gold without stretching your budget.

Hong Kong May Be Your Best Bet

Based on gold prices at the end of 2020, Hong Kong may be the cheapest country to buy gold from, going by listed face value prices. According to, it’s possible to easily purchase gold in Hong Kong at a lower premium than what’s common in other countries. However, you generally have to physically go to banks in Hong Kong to get the absolute lowest prices.

This isn’t to say online purchases can’t be made from Hong Kong or other countries with low gold prices, although there’s typically a markup added to online purchases. This isn’t necessarily a bad thing, as long as the markup is reasonable and up-front.

Other countries with typically low gold prices include:

• The United Arab Emirates (UAE)
• Thailand
• India
• Switzerland

Check a Gold Price Chart

Another way to keep track of gold prices in various countries around the world is to check your preferred gold price chart. This will give you a better idea of how gold prices are trending and which countries are currently offering gold at the lowest prices. Some online-accessible charts even list global gold prices in real time.

Opt for Universally Recognized Gold

Cheap gold from Hong Kong or any other country offering low purchase prices is only going to be a good buy in terms of potential resale value if it’s in a universally recognized form. What you can do is search for the lowest purchase price by country based on a specific type of acceptable gold.

With gold bullion in the form of coins, in-demand selections include:

• U.S. Eagles
• Canadian Maple Leafs
• Austrian Philharmonics
• South African Krugerrands

Consider Rarity & Value

The Saint-Gaudens Double Eagle is considered one of the cheapest gold coins you can purchase, given its overall value. This is a U.S. coin that was minted between 1907 and 1933. It’s universally recognized and noted for offering significant value beyond its face value because of its rarity. In other words, you’ll get a bigger return on your investment if you invest in gold with additional value beyond its gold content.

Work with a Trusted Precious Metals Firm

You can go to various websites and sort through the listings to see what’s available from different countries at the lowest price at any given moment. However, a reliable precious metals firm typically gives you verifiable documentation that confirms the value of your gold purchases. This is useful because gold purchased at the cheapest price, regardless of what country it’s from, is only a cost-effective buy if you’re getting acceptable gold content.

For information on any aspect of buying, selling, and owning precious metals, call on the experts at First National Bullion and Coin. If you’re looking for the best Scottsdale gold and bullion dealer, you can trust our reputation. We’re a boutique precious metals firm staffed only by experienced professionals. For expert guidance on the smartest ways to buy and sell precious metals, call us today at 480-546-8928.
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.

By |2022-06-01T00:01:43-07:00January 11th, 2021|Miscellaneous|0 Comments