For us, the best type of gold to buy is physical gold bars. Precious metal has been loved for centuries as a safe haven in which to grow and store wealth, and physical ingots better reflect these qualities today. Gold is available from private traders, online merchants, jewelry stores, coin stores, private mints, vending machines and government mints. It is best to buy from a reputable source to make sure you are buying exactly what is being represented.
Gold bars, more commonly known as bullion, are a popular choice for people looking to buy gold. Usually, ingots are sold by the gram or ounce, and purity, manufacturer and weight must be stamped on the face of the bar. There are two general categories of physical gold to invest in, which are bullion or coins. Both gold bars and gold coins have their pros and cons, but the important thing is that you choose one way or another, or both if you want to diversify your portfolio as much as possible.
Another way to take advantage of rising gold prices is to own the mining companies that produce it. We offer a wide portfolio of gold coins, bars and rounds from the biggest names in the industry, such as The Royal Mint, PAMP Suisse, US Mint, The Perth Mint, Royal Canadian Mint, Metalor and many more. This contrasts with the owners of a business (such as a gold mining company), where the company can produce more gold and, therefore, more profits, which increases investment in that business. So what is the best type of physical gold to buy? There are several key factors to consider when buying gold.
Each gold bar can weigh between 1 gram and 12.5 kilograms, in terms of troy ounces, 0.032 ounces to 400 ounces of pure gold. Many of today's mints that produce gold bars also create limited-edition gold medals that attract collectors. That said, gold prices can be very volatile, meaning that gold is not a totally safe investment (not even primarily). Investing in mining stocks is riskier than buying gold bars or physical currencies, but the benefits can be more significant and include dividends that you won't get when you buy a piece of gold.
Many of these coins (and gold bars from reputable refineries) can be held in a self-directed precious metals IRA. While gold rounds are shaped and designed like coins, they are not usually as expensive as government-issued gold coins. One of the benefits of buying gold coins is that certain gold bullion coins are legal tender, meaning they are free from capital gains tax (CGT) based on country and residence criteria. All manufacturers and mints around the world use similar weight measurements to facilitate and standardize trade, for example, a troy ounce of gold bar will always weigh the same, no matter what mint created it, while the amount of gold it contains may vary due to fineness.
But if your main concern is simply getting the most gold for your money, then gold bars are probably the way to go. This gives you exposure to gold as an investment without the risk or headache of handling physical gold. Regardless of which form (s) of gold you choose, buying gold bars helps your asset portfolio cope with declines in equities and offset inflation. Gold bars are used by investors looking to store their wealth safely or benefit from trading gold prices in the market.