How to Buy Gold in Canada: A Step-by-Step Guide
 
Investing in gold is considered a wise decision because it works as a hedge against inflation during times of uncertainty. Investors explore different opportunities during their investment in gold and the imperative goal of investing in gold is to enhance wealth. 
 
Why Does Gold Deserve a Place in Your Investment Portfolio?
 
Gold has a rich history because it has been admired for its stunning beauty and trade since ancient times. Even the buying power of your money decreases as inflation increases. It means that gold increases its value and acts as a hedge against inflation. Moreover, gold’s strong relationship can be observed with bonds and stocks. Conversely, when the price of gold goes up, stocks and bonds go down. Therefore, gold works as a haven for investors. 

A Guide to Purchasing Gold in Canada
 
Purpose of investment
When it comes to the gold investment, it is crucial to set your goal for the investment. The decision of the investors affects the purchase of gold. Investors should decide if they want to choose short-term or long-term investments.
 
Forms of gold investment 
There are mainly three types of investments. Investors can choose their form of investment according to their ability, budget, and goal of investment.
 
The most desirable and popular investment options are gold coins and bars. The properties and investment goals of both assets are different. 

Coins are more convenient to sell because of their size. The most popular coins are the Canadian Gold Maple Leaf, the South African Krugerrand, and the American Gold Eagle. Whereas, bars contain low premiums as compared to coins.
 
Exchange-traded funds are considered a suitable investment for someone who does not want to invest in physical gold. In the case of gold mining stocks, investors can invest in gold mining companies. However, it is a little risky to start your investment with mining stocks.

Look for an authorized dealer
The next step is to find a dedicated and reputed dealer to make your gold purchase. After checking the reviews and feedback of the dealers, investors can pick a suitable dealer. For example, AU Bullion offers various options to buy gold at the best prices. 

Mode of payment
After the dealer is decided, investors move on to another process related to the payment. They can make the payment after visiting the physical store with cash. However, the option of online transactions is also available for investors who enjoy digital shopping. 

Secure the gold
Lastly, the security of the gold is an essential step. There are ample options available to secure your gold. In the case of less storage, gold can be stored at home in a safe locker. Other options can also be chosen for more security. Like a bank safety box or professional storage.