A Practical Guide for Beginners
Gold has fascinated people for thousands of years. It has survived empires, currencies and economic crises. Yet many investors have never tried to buy gold – often simply because they don’t know where to start.
Why I Buy Gold
I have personally bought gold and silver for more than 15 years, both as physical metal and through allocated storage. During that time, I have also seen many investors make the same mistakes again and again.
In this guide I will explain:
-how to buy gold
-which mistakes to avoid
-and where I personally prefer to buy gold

Why Buy Gold?
For me, gold is primarily a hedge against inflation and monetary uncertainty.
When you look at most financial markets today, many appear inflated. Stocks, real estate and even some alternative investments are trading at historically high levels.
Gold, on the other hand, is one of the few markets where I personally do not believe we are in a bubble. On the contrary, I expect significant price increases in the coming years.
This is partly due to:
- high global debt
- persistent inflation
- central banks continuing to expand the money supply
Gold therefore serves as a stable part of my portfolio that does not depend on central banks or corporations.
The Biggest Mistakes People Make When They Buy Gold
After more than 15 years in this market, I consistently see three common mistakes.
1. Buying Paper Gold
Many people think they own gold, but in reality they only own a paper product that follows the price.
This includes:
- ETFs
- derivatives
- bank products
The problem is that you cannot be certain that there is actually physical gold behind the product.
If you buy gold as protection in an uncertain financial system, it makes little sense to own something that still depends on that system.
2. Buying Coins With High Premiums
Many beginners start by buying small gold coins from dealers.
The problem is often the premium – the extra price you pay above the actual value of the gold.
If the premium is too high, you may lose several percent the moment you buy.
My advice is simple:
Get as much metal as possible for your money.
3. Storing Gold at Home
It may sound appealing to keep gold in a safe at home.
In practice, however, it creates several problems:
- theft risk
- insurance complications
- reduced liquidity if you want to sell quickly
That is why I personally prefer another solution.sning.

The Solution I Prefer
I only buy allocated gold.
This means the gold is stored in a professional vault but is still registered in my name.
In other words, you own specific bars – not just an account that tracks the price.
The advantages include:
- high security
- lower spreads
- easy trading when you want to buy or sell gold
Where I Buy Gold
Over the years I have tried several solutions, but today I primarily use:
BullionVault
It is a platform where you can buy gold and silver that is stored in professional vaults around the world.
The advantages include:
- low premiums
- high transparency
- access to both gold and silver
Another interesting option is
Kinesis
Here, gold and silver function like crypto, meaning they can be easily traded on an exchange. You can deposit cryptocurrency and buy gold or silver with it. The metals are still physically stored, and you also have the option to take physical delivery.
Gold Coins or Gold Bars?
Many people ask which type of gold is best.
In my experience:
The most important factor is not the form – but how much gold you get for your money.
Both coins and bars can be good options as long as the premium and spread are reasonable.
How to Start Buying Gold
If you have never bought gold before, the process can be very simple:
- Open an account on a platform that allows you to buy allocated gold. You can you one of the firms mentioned above
- Transfer funds
- Buy gold at the current spot price
- Store the gold safely in the vault
This way you can own gold without dealing with storage or security yourself.
My Personal Strategy
For me, gold is not a short-term speculation.
It is a long-term part of my portfolio that protects against inflation and economic uncertainty.
Personally, I expect the gold price to rise significantly in the coming years. That is why I still believe it is an interesting time to buy gold, especially for investors who do not yet own any physical precious metals.
Final Thoughts
If you want to buy gold, the most important thing is to do it correctly from the beginning.
My advice for beginners is therefore:
- avoid paper gold
- avoid high premiums
- buy as much metal as possible for your money
- store it securely in a professional vault
That way you get the real benefit of owning gold as an investment.
I hope this guide gave you some useful ideas about how to buy gold in the best possible way.
— Lars
Hope this gave hvordan man køber guld på bedste måde.

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