After you see an advert indicating Gold bars for sale, you should take time and check on the type of Gold bars for sale that are being advertised. There are many bars available which will be sold at different prices. Because different people have different purchasing powers, you should buy those that your budget can easily accommodate. In case you are buying them for you to use in your IRA account, you can decide to buy in bits so that you do not strain yourself financially.
Remember it is always good for you to save enough money but you should not get stressed in saving the money. The decision that you will make on the company from where you will buy the gold bars also matters. The best company from where you will buy should be able to sale to you the metal at the best rates. In most cases the price of gold will be determined by the spot price of gold but the difference will come in where different companies will add their premiums when selling you the gold bars.
4. Common types of Gold bars for sale available
- 0.1 4. Common types of Gold bars for sale available
- 0.2 2. 10 ounce Gold bars for sale
- 0.3 3. 1 ounce Gold bars for sale
- 0.4 4. Gold biscuits
- 1 Tips for You to Buy the Best Gold Bars and Coins
- 1.1 1. Stick with North American coins
- 1.2 2. Compare dealer prices
- 1.3 3. Check on the dealer buyback policies
- 1.4 4. Check on the reputation of the gold dealer
- 1.5 5. Take into consideration your investment objective
- 1.6 6. Invest in physical gold
- 1.7 7. Buy from reputable dealers
- 1.8 8. Hold 10-15% of your investment portfolio in precious metals
- 1.9 9. Store gold and silver bullion in a safe place
- 1.10 10. Be careful with rare coins
1.Kilo Gold bars for sale
These are bars that weigh 32.15 toy of ounces or 1000 grams. Due to the convenient size of the bars, it is among the most traded in the world. It is associated with low premiums which make many people go for it. The kilo Gold bars for sale are mostly owned by big investors and governments. This is due to the fact that they are very expensive.
2. 10 ounce Gold bars for sale
These are typically large in size and can be a bit difficult to liquidate. They are mostly bought in large quantities by big investors. In case you will like to buy one, then you will be required to part with a good sum of money. After buying the gold bar after some time you will be assured of great returns in case you liquidate them after the gold prices have appreciated.
3. 1 ounce Gold bars for sale
They are every popular in many gold investors. You can also find one ounce gold coins which you can buy and store in your IRA account. There is a great difference between one ounce gold coin and bars, bars tend to occupy less storage space when compared to gold coins.
4. Gold biscuits
You can decide to buy gold biscuits with stamped images. They are mainly of novelty value. They come in different designs which you can decide to buy and stay unique. The designs will be in a large extent determined by the country from where you may have bought the bars from.
Tips for You to Buy the Best Gold Bars and Coins
1. Stick with North American coins
If you are buying the coin with an intention of selling them in the future, then it is necessary to stick to North American gold coins such as American eagle gold bullion and the Canadian maple leaf. They are easy to buy and resell. If you consider buying from outside the United States, then you can opt for gold coins such as 24 karat maple leaf and 22 karat eagle. Always consider coins whose purity is guaranteed by the US mint.
2. Compare dealer prices
Before you decide to buy gold coins, it is necessary to compare different gold dealers such as Birch Gold, Regal Assets among others before you decide on the best. Check on the time the dealers can take to deliver the gold coins among other factors before you make your final decision. Kitco and Monex Gold dealers offer spot prices which you can compare to make an informed decision in your purchase.
3. Check on the dealer buyback policies
Some dealers can sell to you and later buy if you decide to have paper currency. For you to avoid cases where you can buy metals which can stress you while trying to get your money back, it is necessary to consider buying from a company where you can be offered a buy back guarantee.
4. Check on the reputation of the gold dealer
There are many scams out there involving gold and other precious metals. For you to avoid cases where you can lose your money, it is necessary to carry out enough research and know whether the company offers genuine precious metals.
5. Take into consideration your investment objective
There are specific reasons why you are buying the precious metals. For example, you may be buying god bars and coins as way of having them in your gold IRA account. In such a case, it is necessary to consider a company which can sell to you gold coins which are IRA eligible.
6. Invest in physical gold
You can as well invest in gold bars and coins in paper form. But, you should know the one who has physical gold stay supreme in case of a fall in paper currency. Plans such as gold IRA allows you to invest in paper currency. You can take advantage of such investments for you to own physical gold.
7. Buy from reputable dealers
There are several gold IRA companies out there which are known to offer quality services. You can buy from such companies if you are looking for a way you can achieve the best out of your gold investment.
8. Hold 10-15% of your investment portfolio in precious metals
As a way of diversifying your precious metals, it is necessary to have at least 15% of your investment [portfolio in gold. Even if paper currency will fluctuate, having gold in tour investment portfolio will always avoid you the risk of losing investment.
9. Store gold and silver bullion in a safe place
There are others who will prefer having gold in their homes. It can work in your home storage gold IRA plan, but you should always ensure you store the precious metals in a safe place. You need to invest in strong safes and ensure nobody knows where your treasure lies.
10. Be careful with rare coins
If you decide to invest in rare coins, you should be ready to employ high levels of diligence. There are high chances you can be exposed to scams which can lead to lose of investments. There are also some rare coins which are not pure gold.