Why Invest In 1 Oz Gold Bars
Gold bullion bars are some of our biggest selling gold bullion formats in the U.S. and globally. They are competitive from a price point of view and very suitable for both insured delivery and secure storage.
Gold bars that are one ounce can make nice gifts but are better bought as an investment or a store of value since they are conveniently sized, affordably priced, and are well-known in domestic and in international markets.
Gold Bullion Bars Available From Jm Bullion
Gold is arguably the most diverse precious metal available to investors and collectors. Youll find gold for sale in the form of coins, rounds, and bullion bars. Gold bullion bars are perhaps the top choice of investors. Gold bars offer variety in terms of weight, purity, and style. With so many options to choose from, it can feel overwhelming. When you boil down the market though, youll see that its less difficult to find the right piece of gold bullion for your portfolio. Learn more about gold bars available from JM Bullion below!
How Much Does A Gold Bar Weigh
These heavy gold bricks are comprised of 400 troy ounces of pure 24k gold . A troy ounce is the industry standard for weighing and pricing precious metals, based on the ancient unit of weight developed by the Romans.
A troy ounce is 1.09714 standard ounces.
That means, 400 troy oz gold bars weigh around 27 pounds or 12.4 kilograms each about the same weight as a dumbbell.
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Texas Precious Metals Gold Bars Are Superior
Gold Bars sold by Texas Precious Metals are superior because they are made of .999 or better pure, fine gold, guaranteed, and are beautifully crafted with finely-detailed designs on both sides.
We are one of the largest precious metals companies in the United States and we offer private storage at our underground Class 2 depository, Texas Precious Metals Depository, which is 100% fully insured by Lloyds of London. Finally, our mission is to provide value to customers through stellar, devoted customer service, low premiums, superior products, and easy ordering. Pure and simple.
Pros And Cons Of Buying Locally Vs Online
Most gold bars are bought in one of two places: at a local coin shop, or online.
Believe it or not, youll likely find better pricing online than at a coin shop, even after factoring in shipping costs. Thats because the overhead at a brick-and-mortar store is higher. But thats just part of the difference between them
Heres the pros and cons of buying locally vs. online. First, a local dealer:
|Can visually inspect product, and take immediate possession||Premiums are likely higher for purchase, and will likely be smaller when you sell|
|Dealer may be willing to negotiate on premium||Likely has limited product choices|
|Potential for greater privacy||May have less liquidity for large buybacks|
Even if you decide to buy online, I recommend checking with a local dealer, because a relationship with them can be helpful if you need to make a quick sale. If you inquire with them, see if theyll negotiate on price.
Here are the pros and cons of buying online:
|Ability to order online and lock in price at your convenience, 24/7. Avoid talking to a salesperson||Must trust dealer to deliver precise product|
|Total cost is likely lower|
|Greater selection||Product only ships after payment clears|
A good way to start is to compare prices of the same product among a few dealers.
Getting a low premium is good, of course, but price isnt the only consideration see if the dealer is educational in nature , and if they have a buyback policy.
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Choose A Gold Company
One of the smartest ways to ensure you’re getting the best gold bar at the best price is to buy from a reputable gold company that puts your needs first. How do know if you’re dealing with a reputable company? Look for
- Third party ratings and a long history of client reviews.As the Federal Trade Commission advises, Check out the seller by entering the company’s name in a search engine online. Read about other people’s experiences with the company. Reputable, established gold companies can show that they have a long history of great service. Many also have the highest ratings from consumer advocate groups like the Better Business Bureau and the Business Consumer Alliance.
- A focus on education.A company that prides itself on client education won’t rush you into making a purchase that’s not right for you. We specialize in educating customers not only on the gold industry, but the type of portfolios they can use to protect their , said U.S. Money Reserve’s CEO Angela Koch in an interview on Enterprise Radio.
Sign up to receive U.S. Money Reserve’s free Gold Information Kit to learn everything you need to know before purchasing precious metals. Explore special offers, discover diversification strategies, and dive into U.S. Money Reserve’s exclusive precious metals guidebook. This expertly prepared tool is our gift to you!
How & Where To Buy Gold Bars
Jeff Clark, Senior Analyst, GoldSilver
If youre looking to invest in physical gold at the lowest possible price per ounce, theres no better choice than gold bars. Coins may be more attractive, but all that manufacturing and packaging comes at a price. Gold bars, on the other hand, are the stalwart of the industry, what everyone from average investors to central banks buy and store. In other words, you cant go wrong buying gold barsprovided you follow four tips including where to buy gold bars.
In this gold bar buyers guide, well cover:
- Why buy gold bars?
- How to buy gold bars?
- Where to buy gold bars
- Which gold bars to buy
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Why Investors Like Gold
Gold has a proven track record for returns, liquidity, and low correlations, making it a highly effective diversifier, says Juan Carlos Artigas, director of investment research at the World Gold Council.
These qualities are especially important for investors:
- Returns: Gold has outperformed stocks and bonds over certain stretches, though it doesnt always beat them.
- Liquidity: If youre buying certain kinds of gold-based assets, you can readily convert them to cash.
- Low correlations: Gold often performs differently from stocks and bonds, meaning when they go up, gold may go down or vice versa.
In addition, gold offers other potential advantages:
- Diversification: Because gold is generally not highly correlated to other assets, it can help diversify portfolios, meaning the overall portfolio is less volatile.
- Defensive store of value: Investors often retreat to gold when they perceive threats to the economy, making it a defensive investment.
Those are a few of the major benefits of gold, but the investment like all investments is not without risks and drawbacks.
While gold performs well sometimes, its not always clear when to purchase it. Since gold by itself doesnt produce cash flow, its difficult to determine when its cheap. Thats not the case with stocks, where there are clearer signals based on the companys earnings.
Brief History Of Gold
A fascination with gold can be traced back for thousands of years, and it has been referenced numerous times through many ancient documents, including the Bible. The United States adopted gold as the official standard of value in 1879, but in 1933, during the Great Depression and just 54 years after adoption, FDR abandoned the gold standard.
Some interesting, fun historic facts about gold are:
- Gold is element 79 and its symbol is Au.
- Originates from the Latin Aurum, meaning yellow or shining dawn
- ca 3,000 B.C.: Egyptians developed the first known currency exchange ratio.
- 1782: Gold first discovered in the United States
- 1799: First U.S. gold rush 12-year old Conrad Reed discovered a seventeen-pound gold nugget in Meadow Creek in Cabarrus County, North Carolina.
- 1816: Gold is Englands official standard of value and England mints the one pound gold coin, the sovereign.
- 1848 1855: California Gold Rush begun by James W. Marshall at Sutter’s Mill in Coloma, CA
- 1896 1899: Klondike Gold Rush in the Alaska and Yukon, Canada, territories
- 1912: Gold is money. Everything else is credit. J. P. Morgan
In contrast to political money, gold is honest money that survived the ages and will live on long after the political fiats of today have gone the way of all paper. Hans F. Sennholz.
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Gold Bar Brands Matter Choose Wisely
Tip: Buy only gold bars with a recognized hallmark and proper stamping.
Proper stamping and a recognized hallmark mean youre getting a reputable gold bar. There are some private mints in the world that dont include all of this information, which could mean its not a pure gold bar or has low quality. Its important that you know how to make sure your gold is real.
Stamping: a reputable gold bar should have its weight, purity, refiner, and a registration number stamped on it.
Its important to buy gold bars with these markings. Without them you dont know what youre getting, and a future buyer will probably demand an assay.
Theres an easy way to assure your gold bar has proper stamping, and thats to buy bars with a
Reputable hallmark: A hallmark simply refers to the brand of the barthe refiner or manufacturer that minted the bar. You want a well-recognized hallmark so that you know youre getting a high quality bar, and also so that youll have no difficulties someday selling it. A good hallmark will allow you to sell the bar virtually anywhere in the world. It is highly liquid.
Here are some of the worlds most highly regarded refiners:
- Sovereign mints such as the Royal Canadian Mint and Perth Mint.
There are others, such as the Sunshine Mint and Republic Metals .
How Much Gold Is In A 1 Oz Gold Bar
Each 1 ounce gold bar has a minimum purity of 0.995 and is normally between 0.999 pure and 0.9999 pure or 24 karats. These bars contain exactly 1 troy ounce of gold.
For example, the Perth Mint produces a minted gold bar known as Kangaroo gold bars which are popular with U.S. gold buyers and investors. Kangaroos are 1 ounce minted gold bars with a fine gold content of 1 troy ounce, a fineness of 99.99%, and a minimum gross weight of 31.107 grams. The Perth Mints 1 ounce bar is rectangular in shape with tapered corners, and measures 41.60mm by 24.60 mm with a 1.71mm depth.
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How Do I Store My Gold
The benefitof owning physical gold is that you have it to hand if you are genuinely concerned about complete financial or societal breakdown. We’ve always described gold as insurance, and if you think things could get to the point where all financial assets are essentially worthless, then having access to gold coins would be useful.
The key problem with taking physical delivery is that you have to look after it. You will need to store it securely. A safe is the most obvious option, or outside the home ina bank safe deposit box. If you do store the gold at home, and you want it to be covered by your home insurance, you will of course need to tell your insurer. Depending on how much gold you have, this could potentially bump up your premium.
Best Gold Bars To Buy
Whether youre new to the gold market or not, conducting research to find out which are the best gold bars to buy is a smart way of improving your chances of investment success. In this guide, well be covering some of the key questions surrounding investments in gold bars to help you decide which of the many bullion products available is the best option for you.
Hallmarks and stamping
When youre looking for the best gold bars to buy, one of the key things youll need to look out for is recognised hallmarks and stamping. They signify quality and mean youre getting a pure gold bar from a reputable supplier.
Pure investment gold bars should be stamped with their weight, purity, refiner and registration number.
The easiest way to ensure youre buying a top-quality pure gold bar is to choose a brand that is widely recognised.
These are some of the best and most trusted brands:
Price of a gold bar
With prices starting from around £60 for a 1g gold bar and rising to upwards of £45,000 for a 1kg bar, there are plenty of options for both small and large investors looking for the best gold bars to buy.
The Gold Bullion Co. offers real-time pricing based on the gold fix price from the London bullion market, which is set twice a day and is determined by specialists from 12 global banks, including Barclays, Goldman Sachs and UBS.
View our how to buy guide for more information on pricing and investment options.
Selling gold bars
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Can I Buy Gold Bars At A Bank
For most investors in North America, the answer is no.
If you live in the US, it is a common misconception that you can buy gold at a bank. Many people expect a bank to issue gold, harkening back to days when gold backed the currency, but today most physical gold is purchased from non-bank distributors. Even the US Mint requires retail customers go through an authorized purchaser .
But if youre in Europe or Asia, check with your bank. Some banks may offer gold products to retail customers. I know several people that have done this very thing in Switzerland, for example.
To find out if a bank offers gold bars for sale, just give them a call . One caution: make sure you compare premiums, so that youre not overpaying. Also, inquire if they offer lower rates to their existing bank customers.
Pricing And Volume Discounts*
Save on your order when you purchase in larger quantities.
Quantities ofTD Customer PricingNon-TD Customer Pricing
1-9 C$2,378.89 / productC$2,450.26 / product
10-24 C$2,375.67 / productC$2,446.94 / product
25+ C$2,372.45 / productC$2,443.62 / product
* Pricing shown is based on TD Customer Pricing with payment from a TD bank account. Final pricing will be confirmed at checkout.
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What Other Types Of Gold Bullion Products Should I Consider Buying
We make a market in a range of the most popular bullion bar and coin products. You can buy Gold Krugerrands, buy Gold Eagles, buy Gold Maples, buy Gold Philharmonics or indeed buy Gold Britannias. If you wish to own a smaller coin and the divisibility benefits of smaller gold coins you can buy Gold Sovereigns.
High net worth investors frequently opt to buy Gold bars and Gold bars . Larger gold bars are normally stored in our Secure Storage vaults internationally.
Invest In Gold Etfs And Gold Mutual Funds
Investing in gold ETFs and mutual funds can provide you with exposure to golds long-term stability while offering more liquidity than physical gold and more diversification than individual gold stocks. There are a range of different types of gold funds. Some are passively managed index funds that track industry trends or the price of bullion using futures or options.
The SPDR Gold Shares ETF , for example, holds physical gold and deposit receipts, and its price tracks the price of physical bullion. VanEck Vectors Gold Miners ETF , on the other hand, is a passively managed fund that tracks an underlying basket of stocks of gold mining and refining companies.
Gold mutual funds like Franklin Templetons Gold and Precious Metals Fund are actively managed by professional investors. These funds aim to beat the returns of passively managed index funds. In exchange, they charge relatively high expense ratios.
Just remember, like gold stocks you arent buying gold, just paper that is theoretically backed by debt or equity of mining companies or futures and options contracts for physical bullion. This means the value of gold mutual funds and ETFs may not entirely match up with the market price of gold, and these investments may not perform the same as physical gold.
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Is Buying Gold Online Safe
Buying gold online is as safe as any other transaction you make over the internet as long as you know you’re dealing with a reputable company. The best dealers use SSL encryption and are PCI compliant. Plus, all their shipments are insured for their full value.
The most significant risk you face is purchasing from an illegitimate company that sells fake products, overpriced inventory, or simply runs off with your money. As with any online purchase, you are your first and last line of defense against scammers. You need to do your due diligence on gold dealers by researching them online.
Gold Etfs And Mutual Funds
One alternative to a direct purchase of gold bullion is to invest in one of the gold-based exchange-traded funds . Each share of these specialized instruments represents a fixed amount of gold, such as one-tenth of an ounce. These funds may be purchased or sold just like stocks, in any brokerage or IRA account. This method is, therefore, easier and more cost-effective than owning bars or coins directly, especially for small investors, as the minimum investment is only the price of a single share of the ETF. The annual average expense ratios of these funds are often around 0.65%, much less than the fees and expenses on many other investments, including most mutual funds.
Many mutual funds own gold bullion and gold companies as part of their normal portfolios, but investors should be aware that only a few mutual funds focus solely on gold investing most own a number of other commodities. The major advantages of the gold-only mutual funds are:
- Low cost and low minimum investment required
- Diversification among different companies
- Ease of ownership in a brokerage account or an IRA
- No individual company research needed
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