A flat bar struck using 999 usually pure gold is known as a gold bullion bar.
Buy gold coins or bars.
Cons gold coins are sold at a premium over a comparable weight of gold in bar form.
In terms of gold coin vs.
Advantages of buying gold bars.
For this reason many investors switch their wealth into precious metals be it silver bars or coins or gold etc just to make sure that the value doesn t decrease drastically.
Some coins are 24 carat but others may be as low as 21 6 or 22 carat making it more difficult to value your new coins when dealing with fractional purities.
Gold bullion bars have lower premiums over the spot price of gold when compared to gold bullion coins and the variety of options is far more diverse.
You can check out here for investing guide for expensive metals.
Gold bars attract a smaller premium as opposed to bullion coins due to their larger unit size resulting in lower manufacturing costs.
Like coins gold bars are portable private and liquid though their advantages are often less.
Bullion dealers have to buy gold above the spot price.
However 1 gram 1 oz 100 gram and kilo size remain the most common weights available in the bullion market.
Bars are rectangular slabs of 999 pure gold and are produced in sizes ranging from 1 oz.
During times of economic uncertainty you can rely on these metals to serve as wise investments.
Cast bars refers to gold poured into a mould which results in a distinctive round edged look.
Gold products cast bars.
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Bars rounds coins.
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The most effective way to keep premiums at an absolute minimum is to buy gold bars or silver bars if you are looking to invest in silver bullion.
Gold bar sizes both private and government mints make various sized gold bars and gold coins respectively.
Read on to learn more about the unique benefits of buying gold bars and gold coins.
Gold bullion bars.
Ranging from 1 troy ounce to even 32 troy ounces gold bars are available in various sizes.
The most common gold coin size remains one troy ounce 1 oz while the international exchange standard gold bar is no longer the old 400 oz gold bar central bank standard but the lbma approved 1 kilo gold bar exchanged on the shanghai gold exchange the world.
Gold coins are quite easy to store and are less obvious than gold bars when stored at home.
These large bars are an efficient way to buy physical gold particularly if you are going to store your larger gold bullion holding in a recognized insured precious metals storage facility.
It is often the cheapest form of gold but to ensure a good resale price make sure that you are buying a brand that is well accepted in the market perth mint and abc bullion are the most common in australia.
To 1 kilo with many sizes in between.