Which gold bars should i buy

Now the question is what type of gold to buy? The main reason to buy gold bars is because they are cheaper than gold coins. They have the added work of designing both a front and back or obverse and reverse of the coin. But also the minting and machining process for a coin is far more involved than for a bar.

But if your primary concern is simply to get the most gold for your money, then gold bars are probably the way to go. From time to time there is the odd exception to this rule. This is a real steal. The next question to answer is what size gold bar to buy? Gold bars come in a plethora of sizes, from 1 gram to ounces. The general rule of thumb is, the bigger the bar the lower the premium over spot price per ounce. In much the same way, a larger bar requires about the same amount of work to pour or cast as a smaller bar.

So the net cost of fabricating the bars is quite similar. But a larger bar obviously has much more gold in it. Therefore the overall cost per ounce of a much larger bar such as a 1 kilogram bar is lower than say a 1 ounce gold bar. However like many things in life cheaper is not always the best option. More on that below….

That is why the likes of large institutional investors, central banks and exchange traded funds deal in ounce bars.

Exchanges in China more commonly deal in the kilo bar. While we view gold as financial insurance with no counter-party risk, there are times when some people would like to be able to borrow against their gold. You may therefore choose to borrow against your gold.

Sunil Dhawan. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. If you are purchasing for investment purpose, 24K suits else opt for 22K if you intend to use it for your own consumption. People own physical gold in the form of jewellery, gold coins, and even bars. Nowadays, in addition to purchasing gold from your neighbourhood jeweller, you can buy it from e-commerce websites such as Amazon, Snapdeal, and Flipkart.

Compared to gold coins and jewellery, bars can come at a lesser cost. However, there are a few things you should consider before you buy them. Read on to find out what they are.

Purity : Make sure what you want is what you get -- do ensure that the gold you are buying is pure. Karat is the unit used to measure the purity of gold, higher the karat, more pure the gold is. Therefore, 24, 22, 18 karat gold has the purest form in that order. In case of 24k gold, all 24 parts in the gold are pure gold with extremely low level of impurities. A precious metals portfolio is a hedge against market recessions, stock market crashes, and other unforseen events that might occur.

Also, look to diversify your precious metals portfolio as much as possible. Buy some gold, silver, platinum and palladium. And buy both bars and coins. If you are interested in building a precious metals portfolio and require assistance or have questions, please do not hesitate to contact us. EN English Spanish Portuguese. Login Register. United States.

PAMP Suisse. Argor Heraeus. Platinum Coins. Australian Platinum Coins. Platinum Maple Leaf Coins. Platinum Philharmonics. Platinum Bars. If you are purchasing gold for your retirement account, you must use a broker to buy and a custodian to hold your gold.

As a general rule of thumb, financial experts often suggest that you not have more than a small percentage of your assets in gold. This is believed to be good advice because it acts as an insurance policy. If you lose all other stocks in a crash, your gold should follow historical trends and go up in value, keeping you from losing everything. But remember, that's not guaranteed, so proceed with caution when buying this precious metal. Between the two, silver is much more similar to gold than bitcoin, but all three share a common trait at least in the eyes of their respective investors as market or inflation hedges.

Like gold, silver can also be used to make products or worn as jewelry. Bitcoin is a much newer asset, and without the centuries of data to draw on, its viability as a hedge is highly speculative compared to gold. From the average investor or trader's standpoint, buying GLD shares is the same thing as buying gold.

GLD shares will replicate exposure to gold prices, minus expenses related to storing the gold and trading GLD shares. However, it is important to understand that GLD shares do not give you ownership of physical gold.

You can't trade in your GLD shares for the gold bars, for example. Finds From Pietrele on the Lower Danube. United States Mint. Securities and Exchange Commission. Bureau of Labor Statistics.

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