• Call Contact
  • Help Help
Cart
 
Banner
BullionStar

BullionStar

In this blog, BullionStar shares what's happening inside BullionStar
as well as news and research from the local and global precious metals markets.

So You Want to Buy Your First Gold Bar… Now What?

  • Date
  • Author BullionStar
  • Comments 0 Comments

You’ve done the reading. You’ve seen the headlines. Whether it’s inflation, currency depreciation, or geopolitical uncertainty, more investors are seeking refuge in physical assets like gold bars. If you’re one of them and ready to take the plunge, you’re probably asking:

“I want to buy gold — what do I need to know first?”

Welcome to Precious Metals Investing 102 — a guide for new investors who are ready to move from theory into practice.

Why Buy Gold?


For thousands of years, gold has served as real money — a hedge against inflation, a safe haven in times of crisis, and a reliable store of value.

Unlike paper assets, gold isn’t subject to counterparty risk. And unlike fiat currencies, it cannot be printed at will. That’s why many investors worldwide buy gold to preserve wealth over the long term and diversify their portfolios.

If you’re looking to get started, buying your first gold bar is a logical first step.

How Much Is a Gold Bar Worth?

A common first-time investor question is:

How much is a gold bar worth?”
The value depends on a few key factors:

  • Weight: Gold bars are available in many sizes.
  • Purity: Most investment-grade bars are 99.99% pure gold (24 karat).
  • Spot Price: Gold prices fluctuate daily. The global spot price determines the base cost.
  • Premium: This is the markup above spot price to cover manufacturing, logistics, and dealer services.

Example: If gold trades at USD $2,300/oz, a 1 oz gold bar might retail for around USD $2,350–$2,400, depending on supply and brand.

What Type of Gold Bar Should You Buy?


If you’re new to the game, these are the things to consider before you buy a gold bar:

  • Start with Smaller Bars – Small denominations offer flexibility and lower total outlay.
  • Choose Trusted Refiners – Stick to LBMA-approved brands with strong resale value.
  • Consider Long-Term Storage – Unsure where to keep your gold? BullionStar offers fully insured Vault Storage in Singapore.

Where Should You Buy Gold?

Not all sellers are equal. Here are your options:

Bullion Dealer (Best Choice)

Reputable dealers like BullionStar offer:

  • Transparent pricing
  • No GST on investment-grade precious metals in Singapore
  • Both an online presence and a physical bullion center.
  • Vault storage or self-collection
  • The ability to buy gold anonymously under SGD 5,000

Banks

Some banks sell gold, but with limited variety, higher premiums, and less flexibility.

Retail Outlets

BullionStar’s walk-in shop in Singapore lets you buy gold bars directly without an appointment—and even pay in cash.

Singapore is one of the most tax-efficient jurisdictions to buy gold. As long as the product meets investment-grade purity (e.g., 99.5% for gold), it is exempt from GST.

This makes Singapore an ideal hub for investors seeking offshore gold storage.

What Should First-Time Buyers Watch Out For?

  • Avoid collectible-grade bars unless you’re familiar with numismatics.
  • Buy from a trusted dealer with real-time pricing and transparent storage.
  • Compare premiums — bigger bars have lower premiums per gram but require more cash outlay.
  • Think liquidity — smaller bars have a lower quantum and can be sold individually when you need cash.
  • Set a strategy — dollar-cost averaging can help mitigate price volatility.

FAQs

Q: How can I sell my gold bar?
A: BullionStar buys back gold at competitive rates.

Q: What’s the difference between gold bars and coins?
A: Gold coins may carry collector value and are often legal tender. Gold bars generally have lower premiums.

Q: Is it better to store gold at home or in a vault?
A: For most investors, professional vault storage offers the best balance of security, insurance, and convenience.

Conclusion

Whether you’re buying a 1 gram gold bar to get started or stacking 1 oz gold bars as part of a wealth preservation plan, there’s no better time to start building real, tangible wealth.

In uncertain times, tangible assets like gold offer the clarity and confidence true wealth deserves.

Explore our full range of gold bars to continue your journey

We use cookies to enhance the user experience, analyse traffic and handle essential functionality. By using our website, you accept that cookies are used. Learn more in our Privacy Policy.