Although larger gold bars attract smaller premiums, they aren't necessarily the best option. Smaller bars can be beneficial when it comes to selling part of your investment in the future. For most UK bullion investors, the ideal balance between value and flexibility would be 100g of gold bars and 1 ounce. Smaller gold bars such as 50g and 20g also combine a convenient size with a reasonably low premium.
For larger investors, the 1kg bar is the best way to get the most out of your budget. Buying physical gold bars online is a fairly simple process. A common way to buy gold bars is through authorized online retailers. Search for gold bullion products on reputable retail websites, such as American Precious Metals Exchange (APMEX), JM Bullion, and Wholesale Coins Direct.
Select the gold bars you want to buy by weight, quantity and price. To have a clear idea of which one to choose, it's essential to know exactly what you're up against. Due to the design and manufacturing costs for minting coins, gold coins have a slightly higher premium compared to their same unit size as gold bars. Gold bars: These are precious gold metal bars designed by both government-approved mints and private gold coin houses.
So, from an investment perspective, buying gold coins means you'll get less gold for what you pay. As such, both gold coins and gold bars have their advantages and it all comes down to your personal goals and preferences as an investor. Gold bars often have a lower price premium over the spot market price than gold bullion coins and are valued based on the spot price derived from gold trading markets around the world. Investors looking to benefit from an investment in gold may also consider indirect access to gold through investments in gold mining stocks, gold-focused ETFs or mutual funds or gold futures contracts.
As 1 ounce gold bars are often the most sought-after weight in the precious metals industry, it should come as no surprise that 1 ounce gold bars are produced by a wide range of different mints around the world. While gold bars offer you the best option if you want to preserve your wealth, gold coins offer the best value when it comes to selling. For this reason, gold bars are considered to be one of the most profitable ways to invest in gold. In addition, a small local store will be less likely to buy one large gold bar instead of several 1 ounce gold bars.
With some gold coins, such as certified coins, the rarity and grade of the coin are also taken into account in the final price, so the gold content is not the only factor influencing how much the coin will cost you in the end. The 1 Troy oz gold bar is the most common size of gold bars and is traded worldwide, even in countries that use the metric system. While gold as a precious metal is often considered a reliable investment and much better than paper-based currency, it can be quite difficult to calculate the best value of gold coins. Occupying every niche, from unique hand-poured gold bars to investment grade minted bars, 1 oz gold bars offer a wide range of design options and styles to meet the needs of any gold buyer.