What is Outright Purchase?

The first method of buying gold with Public Gold is known as Outright Purchase. This simply means that we have decided the design of the gold bar/coin of our interest and wanted to buy in one payment.

Even if we are interested in buying gold bar/coin from other places, most likely it is an Outright Purchase too. This means the final price we need to pay is subjected to their discrepancy. They decide on the price and they might be little room for negotiation.

With Public Gold, however, we can place an order online either through the website or the mobile app (my favourite!). We all know how gold prices can be volatile, especially in the short term. There are so many factors that contribute to gold price volatility such as news or decisions made by the regulators especially in the USA.

So, being able to leverage on the price volatility by locking the price when it is at the lower end would be our go-to strategy. And Public Gold allows us to do that. How you may ask?

How do we leverage price volatility?

In Public Gold, the gold price for items such as gold bars and gold coins are refreshed every 20 minutes. When the gold price touches our target price point, we can quickly log in to our portal and place the order. 

Once we click 'Add to Cart' and proceed to final confirmation page, we can be assured that we have managed to lock the price. No changes are allowed thereafter. Moving forward, we could just proceed to make the payment and complete the transaction. With the additional service known as Gold-In-Transit (GIT), we can request for the gold items to be delivered to our home via courier service (which is covered with insurance).

That is how easy it is to place order with Public Gold, especially using the Outright Purchase method. In addition, there are two other ways on how we could purchase gold from Public Gold, namely:

Easy Payment Purchase: What is Easy Payment Purchase?

Gold Accumulation Program: What is Gold Accumulation Program?