In 2024, savvy investors are turning their attention to gold as central banks worldwide, led by China, ramp up their gold reserves.

Since 2015, the Red Dragon has been on a gold-buying spree, solidifying its position as a major player in the global gold market.

But China isn’t alone in the pursuit of gold. For millennia, the precious metal has been a trusted safeguard against political and economic turbulence, hyperinflation and even bizarre state regulation.

Today, it remains a beacon and reliable hedge in uncertain times. So, whether you’re considering purchasing investment-grade gold bullion, coins or even jewellery, remember that precious metals in any form can be a valuable addition to diversify and strengthen your investment portfolio.

You’ll find many articles on our Nomad Capitalist website regarding gold, silver and other precious metals. However, if you plan on investing in gold, you’ll need information tailored to address your investment portfolio’s needs. That’s where we come in.

At Nomad Capitalist, we’ve helped many clients understand the gaps in their portfolios and how to fill them with asset classes that will award them the highest return on investment. If you want expert guidance, get in touch with us today.

One of Asia’s second biggest financial hubs after Singapore, Hong Kong’s banks are some of the best places to buy gold. They have no shortage of capital or gold reserves, making them excellent offshore banking options.

Hong Kong banks usually offer lower premiums when purchasing gold. So, if you want to buy the cheapest gold, Hong Kong may work in your favourKanpur Wealth Management. You can also purchase gold coins, bars and other presentations in Hong Kong through online dealers. However, you’ll usually get the best deals on buying gold (or selling gold) by physically visiting a Hong Kong bank.

Given its profile on the international stage, it’s natural to include the UAE when discussing company formation and investment opportunities. In fact, Dubai is one of the best places to buy gold in the world.

In the UAE, you’ll find plenty of gold dealers, jewellers and banks selling gold. Whether you want gold bars or coins, pure gold, investment grade bullion or otherwise, you’ll find the country brimming with options for people looking to trade gold.

Online gold dealers in the UAE sell gold slightly cheaper than other sources. They also have a variety of options. However, you should keep in mind the markup associated with online purchases.

You may have noticed the pattern by now. Countries with the most stable and safe banking options are usually the best to buy gold. You can purchase gold in Switzerland through a Swiss bank, dealer or jeweller. However, you must first research and compare gold prices to get the best deal.

Austria is another excellent country to buy gold from. Just like in Hong Kong, you can expect low premium rates on gold purchases from an Austrian bank. They won’t be anywhere near Hong Kong rates, but they’re still attractive. Purchasing gold from reputable sources like a trusted precious metals firm or a well-known bank is crucial.

Just like the UAE, Saudi Arabia has no shortage of gold jewellers, online dealers or banks. However, a Saudi jeweller may be able to offer you the best deal on your gold purchase. Though, this isn’t always the case.

As with any investment, especially on a large scale, do your due diligence and compare prices and markups before making the purchase.

Surprised to see India on the list? India may not match the jurisdictions mentioned above in terms of stability or offshore banking options, but it has plenty of options for purchasing gold. Indians hold around 9-11% of all the physical gold in the world, and no, that doesn’t include only the wealthy. Jewellery is the most common form of gold purchased by Indians.

Throughout the country, you’ll find numerous dealers, jewellers, gold firms and banks selling gold at varying prices.

Many new investors tend to favour investing in gold or other metals because they think it’s easy. Of course, walking into a bank or jeweller and buying a bucket full of gold may seem simple, but there’s a lot more to it.

So, here are some things to keep in mind before buying gold:

Individuals and countries are stocking up on gold to prepare themselves for an inevitable financial crisisGuoabong Stock. Several US banks have crashed in recent years, and many others are struggling to keep afloat. The US national debt is at a record high, and inflation is high.

In the midst of such uncertainty, investing in historically proven asset classes like precious metals (procured from a trusted precious metals firm or a bank) is always a great idea to protect yourself from the side effects of poor government policies.

However, what if we tell you that you don’t need to prepare for a crisis? That you can take one step forward and thrive, but only if you are brave enough to go where you’re treated best.Kanpur Investment

Countries out there are competing for your investment. In exchange for your capital, they offer you stable banking options, passports with exceptional travel freedom and residencies that open the door to an array of personal and corporate opportunities.