How to Buy Gold in Australia

For centuries, gold has been the preferred way of accumulating and securing wealth—and with good reason. Unlike other investment instruments, gold is a relatively low-risk investment option, as it predictably appreciates in value over time.

At Rush Gold, we’ve broken the traditional barriers of investing in and owning gold and have brought the power of gold into the palm of your hands with our revolutionary app—buy, sell, gift, and pay in gold with just a touch.

As a precious metal that has held its value and prestige for centuries, and as a symbol of wealth and power, you may be wondering how to buy gold in Australia. Nowadays, investors may turn to gold investing as part of their portfolio diversification or include it in their best SMSF investments strategy for a number of reasons, including the fact that gold tends to behave differently from other assets. There are a number of ways to approach how to buy gold in Australia, including gold bullion or coins, gold stocks, gold ETF and gold futures. If you are looking into how to buy gold in Australia or are ready to start investing,  the Rush Gold app allows you to buy gold bars quickly and easily online.

Why is gold considered a safe asset?

When people think of safe investments, they often think of gold because gold has sustained its value and its position over centuries and has not lost any of its charm or overall perceived value.  

Another reason that gold may be considered a safe asset is that the direct ownership of physical gold removes the middle person. Direct ownership means that there is no broker or ETF or other system or person involved. It’s just you and your gold. Therefore, your ownership is protected by property rights laws. In a country such as Australia, where the government is generally secure and has sound prospects for finances, property rights are well protected, and the government is unlikely to appropriate the wealth of its people. When you are considering how to buy gold in Australia, you should consider direct ownership of gold rather than gold derivatives, for example.  

Furthermore, gold offers an important advantage – that of the possibility of systemic risk protection.  Systemic risk is related to the risk of an entire system failing. As all the financial systems are interrelated, if one of them fails, the wealth that is linked to it also fails, resulting in a severe economic downturn. Direct physical ownership of gold may protect against systemic risk because there is no system to fail. A further benefit of this is that it removes any interim person or system from owning gold. This is because other parties may introduce systemic risk to the equation.  

Gold is also regarded as a hedge against inflation, meaning that it may perform well in times of currency debasement, thus making it an attractive investment option. 

How can I earn money by investing in gold?

Perhaps one reason people want to know how to buy gold in Australia is that it can diversify an investment portfolio and may counteract other assets because it tends to hold up during market events such as stock market crashes and during periods of high inflation, as previously mentioned. However, if you want to make a profit from your gold, you may have to be prepared to buy gold and sell it as the prices change. 

Although it can be difficult to predict gold prices, you can keep an eye on the market, take advantage of any rises or falls, and check gold news and price forecasts. Using the Rush Gold app, you can check the gold price in AUD and other world currencies to see how your investment is performing as well as take action if you feel that it’s the right time to buy or sell gold. One of the keys to making money from gold investment is to trade gold at the right time.  

Perhaps you have been wondering where to buy gold and how to buy gold in Australia but wonder no more. At Rush Gold, buying gold is as easy as using your phone. All you need to do is download our app and create an account in minutes. There is no paperwork and no minimum purchase so that you can invest in gold straight away. Our digital platform allows you to own real gold that is locked safely away in a vault in Australia and insured by Lloyd’s of London. With us, you can avoid the hassle of dealing with security, transport and insurance and also cut out the middle person. When you buy gold at Rush Gold, it is not a gold derivative but actual physical gold. 

Once you purchase gold on our digital platform, you can manage it easily using your phone. In addition, you can use gold anywhere, just like cash. You can save it, pay with it and transfer it overseas. You can even send it as a gift or pay your mate back for that money you borrowed – within seconds. With a Rush Gold Debit Card, you can even use your gold to shop, just like any other card. The bonus is that the Rush Gold Debit Card is digital, so no more plastic.

Buying, selling and using gold has never been easier, so check it out today.

Further reading:

• Buy gold online