Sizes & Shapes Of Gold Bars
The difference between mint bars and cast bars are just the tip of the iceberg when it comes to variations in gold bars. The U.S. Gold Bureau carries a plethora of different sized bars, both cast and mint. One of the most important factors people take into account when buying gold is what size to purchase. As stated previously, gold can be found in almost any weight you can imagine. The single gram or 1 gram bar is about about as small as you can go when it comes to gold bars with investment potential. Sometimes referred to as the “small bills” of the gold world, these tiny bars are just about the size of a thumbtack. The 5, 10, and 20 gram bars are the next steps up in terms of gold bar weights.
The 10 gram bar is often popular because it is still quite tiny, but carries an attractive amount of heft to itself. This is because gold as a metal, although soft and malleable, is still quite heavy. The 20 ounce bars are also popular, in part due to their similar feel and weight of the ubiquitous 1 troy ounce gold bar, which actually weighs just over 30 grams. It’s even possible to purchase bars that weigh as much as 50 grams or heavier. These are heavy bars but fit well in the palm of one’s hand. One advantage of buying bars in larger sizes is that the price-per-ounce ends up being less than if you were to buy exclusively in small amounts. Just like in most commodities, it can be smart to buy gold in bulk.
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.
Best Customer Experience: Jm Bullion
JM Bullion provides its customers with a user-friendly website, transparent pricing structure, dedicated customer support, and investor-friendly features, making it our choice as the online gold dealer with the best customer experience.
Clean and easy-to-use shopping site
Several hundred thousand positive reviews
Doesn’t sell internationally
Since its founding in 2011, JM Bullion has quickly grown to become Inc.com’s “fastest-growing precious metals company” in the U.S. That growth can be attributed to JM Bullion’s commitment to offering a wide selection of products, competitive and transparent pricing, dedicated customer support, an automated savings plan, and a simple purchasing process. This makes it our choice as the online gold dealer with the best customer experience.
Its product selection is extensive, with a wide variety of gold, silver, platinum, copper, palladium coins, and bars, priced competitively with no commissions or additional fees. Its advertised price of a 1 oz. Gold Eagle coin was $1,933 in Nov. 2021, about a 7.4% mark-up from the spot price at the time of $1,800. JM Bullion offers members of the military the same discount it offers on bulk purchases.
Payments can be made by ACH transfer , cryptocurrency , paper check , credit or debit card , PayPal , and bank wire transfer . Credit card and PayPal payments are assessed a 4% processing fee.
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Choose The Size And Type Of Gold Bar
Gold bars are produced in various sizes and are available at many price points. Choose from bars ranging from 1 ounce to 1 kilo, depending on your budget, personal preferences, storage capabilities, and holding strategy.
Size and price
The market value of a gold bar is almost entirely based on its weight in gold. A bar’s price closely follows the spot price of gold, i.e. the price at which you could buy one ounce of gold right now as opposed to some date in the future.
In general, the larger the bar is, the greater the price. What amount of your wealth would you like to safeguard with gold? With this number in mind, you can narrow your options down to only bars that fall into your price range. Note that a bars final purchase price will vary slightly from the spot price of gold depending on the current market supply and demand, as well as local, national, and global economic conditions.
Minted vs. cast
Apart from the bars size, you also have different types of bars to choose from, typically minted and cast. Minted gold bars are hand cut or punched from a large flat piece of gold and are often produced with glossy finishes and artistic designs . Minted bars, depending on their size and refiner, can be packaged in sealed assay cards that provide details about the bar’s authenticity and protect its condition.
Buying Gold Bars From Jm Bullion
As you look to buy gold from JM Bullion, youll find that our customer service team is available to help you with any questions you might have about available products or purchasing. You can reach out to our customer service team at 800-276-6508, chat with us live online, or send us an email with your inquiries.
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Most Popular Weights Of Gold Bars
The most popular gold bar sizes among investors are usually 1 Troy ounce and 10 Troy ounce gold bars. Gold buyers also often purchase 1-kilogram bars. The reason is that the weight, in combination with the singularity of a product – a single 32-troy-ounce bar instead of 32 individual 1-troy-ounce ones. Purchasing a single larger bar gives them a better gold bar value. Smaller gold bars, such as gram bullion bars are especially popular among new investors. They are more affordable and, thus, portray a better way into the bullion market.
Having said that, gold bars come in many more varieties than other precious metals like silver or platinum, for example. You can find gold bars for sale in the following weights:
Factors To Consider When Buying Physical Gold
If you decide to buy physical gold, youll want to keep a few things in mind:
- Storage: Physical gold requires a secure storage location. While you can certainly keep your gold at home, many investors prefer a custodian. Make sure you research secure options for storing your gold before you buy it, and keep in mind that safe storage adds costs to your gold investment.
- Insurance: If you decide to store your gold at home, you should insure your gold to protect yourself against theft or natural disaster. This can add to the cost of your homeowners or renters insurance. And even if you dont keep your gold at home, youll want to check in on your storage providers insurance policy to determine how its protecting your investment.
- Manufacturer: Because youre making an investment, youll want to make sure youre buying from reputable sources that will help your purchases value grow over time. When buying gold, look for respected producers like Credit Suisse, the Perth Mint and the Royal Canadian Mint.
- Purity: The gold content in the coin, bar or piece of jewelry has a big impact on its value and worth as an investment tool. Ensure any gold you purchase as an investment has the purity level to help it stand the test of time. That means youre probably targeting gold items that are at least 91%, if not 99%, pure.
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Buying Physical Gold As Gold Bars With A Low Surcharge
Gold bars available in a variety of sizes. Buying gold in this format is possible from 1 gramme. Investors generally prefer gold bars up to a size of 1,000 grammes, the so-called kilobars. Larger sizes, such as the 12.5 kg gold bars are of particular interest to institutional investors and central banks. Generally, the price for gold bars is very close to the spot price for the troy ounce on global money markets. There are low surcharges due to manufacturing and transport costs. Generally, one can say that the surcharges for smaller gold bars are proportionately higher and therefore deviate more significantly from the pure gold price than for big gold bars. Therefore, it is necessary to check the minimum size of a gold bar worth investing in. The most well-known gold bar is surely the troy ounce. They weigh 31.1035 grammes and are therefore the exact weight quoted as the gold price on the commodities markets.
Popular Designs Of Gold Bars
As mentioned above, youll find a great deal of variety awaiting as you shop for gold bars. However, the variety doesnt stop at the weights of the available bars. Gold bars also come with a wide array of designs. Some are so popular they are viewed as symbols of excellence within the precious metals industry, while others represent limited-time offerings. The following is a brief overview of some of the most popular gold bar designs:
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A Sense Of Security And Portfolio Diversification Inspire Gold Purchases
In the context of the current economic situation, buying gold is becoming a focus for increasing numbers of investors. Most investors are looking for the safety characteristics of the precious metal. This is why gold is often purchased as goldbars and gold coins. As an additional portfolio instrument, gold is preferred for its long term value maintenance as well as its liquidity and fungibility. Buying gold is simple and fast and later sales are unproblematic due to the high standardisation of gold bars and coins.Buying gold is of particular interest as protection against crises and inflation.
When deciding to buy gold, one of the first questions is whether it is best to buy bars or coins. It is impossible to provide a general answer to this. Whether it is better to buy gold coins or gold bars is a question of personal preference.
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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Insider Tips For Selling Your Gold Coins Profitably
Your goal is to make profits from the coins you have purchased so after buying the coins, you have to continue to keep an eye on the value of the coins so that you can know when the values have risen, and then you can sell your coins for profit.
You can continue to keep an eye on the prices on the website of the US mint or check places like www.goldprice.org for the latest prices. It helps to wait a few years after purchasing the coins before selling them because by then the value would have risen considerably and you can earn a sizable profit from selling them.
Know the value of gold
In buying or selling, it is essential to keep track of golds prices. Several newspapers and websites give updated news on the prices of gold. It is advised that you keep up with those medium. Do not rush to sell your gold unless what you have is doing extremely well in the market. Sell your gold coins when the prices are most favourable or when you really need the income.
- A good site to keep watch of gold value is www.goldprice.org
- Sometimes it is best to wait for years before selling particular coins, no matter how well they are doing in the market.
Know the value of your countrys currency
Information on this can be gotten online and in newspapers too. Selling your gold coins when your countrys currency drops is advisable because gold and currency of a country tends to have an inverse relationship.
Sell your coins when the demand is high
Avoid selling to unsteady buyers
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What To Expect In Gold Bullion Bars
Beyond the size, shape, and style of the gold bars available to you from JM Bullion, you can expect a few commonalities among the bars offered. The vast majority of gold bars today are refined with .9999 pure gold content regardless of weight or type . Minted ingots are originally available in most cases housed inside of tamper-evident protective packaging and come with an assay card that verifies the weight, purity, and metal content of the product as judged by a certified assayer. In most cases, gold bars also have a unique serial number issued by the refiner. When bars are available with a serial number and assay card, that card will also reflect the individual serial number as engraved onto the surface of the bar.
Can You Store Gold At Home
Yes, you can store your gold in your home . The question is whether you would want to. Nothing beats the security of having your gold stored in a highly reputable depositary, such as Brinks Global Services, which has vault locations throughout the country.
For those who prefer to keep their gold close to them, the ideal place to store gold is a well-hidden, at-home safe. If you do store your gold at home, be sure to check that your homeowner’s insurance covers its potential loss or damage. You may need to purchase additional coverage.
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Gold Bars Manufacturers: Government Mints Vs Private Mints
Gold Bars are precious metals bullion which have been manufactured for centuries, under government regulation.
Government Mints, such as the Royal Canadian Mint or Perth Mint, represent government institutions which have the absolute right to produce legal tender bullion. Each gold bullion bar produced by a government mint must be obligatorily commissioned and regulated by the National Treasury Department’s, otherwise, they can be subject to criminal charges. On the other hand, private mints have the flexibility of producing a wide range of uniquely designed gold bars.
When you go to buy gold bars available for purchase, they presently are produced by notorious private mints, such as PAMP Suisse, Credit Suisse, Argor-Heraeus, Republic Metals Corporation, Istanbul Gold Refinery, Valcambi, Scotiabank, Ohio Precious Metals and Sunshine Mint. These companies manufacture bars made of gold of with various outstanding designs, like the and PAMP Suisse Gold Bars, and especially popular and newly designed 1 oz. PAMP Suisse Gold Bar. One of the newest, and perhaps most remarkable gold bar pieces is the Gold CombiBar from Valcambi. These bars are made of several bar segments and can be easily separated into smaller gold bars, making them a flexible investment opportunity.
Gold Bullion Bars
How And Where To Buy Gold Bars
When you hear gold bars, visions of underground bank vaults sealed tight and stacked high with glimmering gold bricks may come to mind. While vaults like this do exist, gold bars are much more accessible than the everyday gold owner may imagine. Gold bars are portable, private and liquid, and in some ways, more straightforward to buy than gold coins. Find out how to go about understanding gold bars and selecting the bar that’s best for your precious metals portfolio with these five steps. As Americas Gold Authority®, were here to walk you through how and where to buy gold bars.
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Pick The Best Gold Bar Size For You
Tip: Buy one-ounce gold bars to meet future needs as they come up. If you have a high net worth, buy both small and large bars.
One of the first decisions youll have to make when buying gold bars is what size to purchase. Gold bars come in different sizes and weights. Theyre as small as one gram , and as big as 400 ounces. Its these larger sizes that central banks, exchanges, and ETFs buy. Generally speaking, the bigger the bar, the smaller the premium. Thats because its less costly to produce a kilo gold bar than a one-ounce gold bar. But that doesnt mean you should buy the heaviest bar you can afford. Just the opposite, in fact
- Big bars do not offer the divisibility smaller ones do. When you sell a big bar, you are liquidating a sizable investment. Its more practical to sell multiple smaller bars to exchange the exact amount of gold for the exact amount of currency you need.
- Fewer potential buyers. Not many investors can afford to buy, say, a 100-ounce bar. If you have smaller sized bars, you have a greater pool of customers.
- Lower counterfeiting risk. Counterfeiters prefer big bars, because theyre worth a lot more.
- Avoids the need for an assay. The bigger the bar, the more likely it will require an assay to be sold. An assay adds an extra expense, is inconvenient, and will delay your payout.
On the other hand, premiums on smaller gold bars are higher, but they are still more affordable. And owning a little gold is better than not owning gold at all.