Buy Physical Gold Bars
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.
buy physical gold bars
Unlike some gold coins, gold bars are typically not produced with special designs that majorly impact the bar's market value. They are, however, produced with identifying marks that provide information about the bar's producer, weight and gold purity, and sometimes a serial number.
Consider how and where you will store and protect your gold. Gold bars require less space than coins to store the same number of ounces, which can make them easy to keep at home. You could also store your bars in a bank safe deposit box or at a facility that specializes in gold storage and protection.
How and where you store your gold bars will partly depend on your financial goals. Do you plan on holding them as a means of protecting your savings until your children are grown, or as a means of emergency financial assistance? If it's the latter, you may want to consider storing your gold close to home, as a bank or storage facility may have limited hours of operation or be located far away. In an emergency, your gold could be inaccessible. Mitigate risk by making accommodations for storing and protecting your gold bars before taking possession of them.
Shop with a local dealer and you could walk away with gold bars almost instantly. While instant gratification often feels satisfying, it can come at a price. Will you be able to comparison shop and evaluate all of your product and price options side-by-side? Comparison shopping over time and across products is one of the best ways to help decide where to buy gold bars.
A: According to Forbes, the risk of buying a counterfeit gold bar or coin is minimal. That said, ways to better avoid counterfeit products include sticking to well-known sovereign coins like Gold American Eagles and Gold Canadian Maple Leafs or bars produced by government mints or London Bullion Market (LBMA)-approved mints and refineries, as the authenticity of these bars is guaranteed.
Meet the more affordable store of value. Timeless, thoughtfully designed, and assured to retain value in a way that cash never will. An excellent weight for a first time Gold buyer or for the pro who likes to accumulate their Gold over time, our Gold 1 gram bars are tasteful and refined, with a modern design and mirror-like finish. These are Buy It Now for a very limited time.
Meet the new store of value. Timeless, thoughtfully designed, and assured to retain value in a way that cash never will. An excellent weight for a first time Gold buyer or for the pro who likes to accumulate their Gold over time, our Gold 2.5 gram bars are tasteful and refined, with a modern design and mirror-like finish.
"I have been wanting to invest in gold but never had the money to do so with previous options. This is a great way for people with not alot of extra cash to spare to be able to get in on something that could give big gains in the end."
1 Our pricing is based off of the current TD bid and ask prices. The value of each product is dictated by the market price of gold, silver and platinum. Current market conditions may affect the value of each product and can change from second to second.
But why even bother with physical gold when so many other investment opportunities exist? Because gold is the ultimate monetary insurance policy. No other asset offers the same level of security, privacy, and liquidity. The value of gold is determined by the free market and does not depend on governments, banks, or stock markets.
Gold American Eagle and Canadian Maple Leaf coins are also produced in sizes less than one full ounce. Many people buy gold fractionals since their value is significantly less than the 1 ounce coin, and could be useful in barter transactions.
There are thousands of gold products on the market, but the list of well-known bullion products from reputable mints and refineries is short. Generally, you want to buy gold coins or bars from one of the major national mints or larger private refineries. You will notice these are the only products we feature on the SchiffGold website. (Read more about our product policies here.)
When it comes to coins, each major national mint has a flagship coin that is known and trusted around the world: Canadian Maple Leafs, American Eagles, Austrian Philharmonics, Australian Kangaroos, and South African Krugerrands. These mints also produce bars in a wide range of sizes.
We recommend that serious investors buy gold and silver in only the form of bullion coins and bars. Within that category, buyers are wise to stick with industry standard, nationally-minted coins: American Eagles and Buffalos, Canadian Maple Leafs, Australian Kangaroos, and South African Krugerrands.
While we do not recommend or sell rare or collectible coins, we have access to any and all gold and silver products that might interest you. If you are looking for products not listed on our website, we can usually offer them at prices far below what our competitors would charge. Call us for more information: (888) 465-3160.
We do business the old-fashioned way: providing individual service with a real person. We do not offer online purchases. Many online companies rely on deceptive pricing, hidden costs, or worse. Our prices are transparent and total. Call us at (888) 465-3160 to learn more about how we can help you to buy gold.
We have nothing against collecting numismatic coins for aesthetic or hobby reasons. However, if you want to buy gold, we argue that for two critical reasons numismatic coins are generally poor investments.
In times of economic uncertainty, shady operators take advantage of the urgent and emotional demand for precious metals by jumping into the marketplace. In such an environment it is incumbent on consumers to buy gold only from trustworthy companies.
Liquidity is an important factor when you buy gold and silver. There will come a time when you want to sell your metals. Since we only work with recognizable, highly liquid bullion products, you can sleep easy knowing the metals you purchased can be easily sold.
Gold bullion bars are a cost-effective way for investors to diversify their investment portfolio due to the often lower manufacturer's premium. Gold cast bars are available in 500g and 1kg for customers to invest in gold with a lower premium and can be included within your Pension. Our gold bar prices are competitive and based on the live market rate.
Buy our gold bullion bars and receive free delivery on all orders throughout the UK. As an alternative, when you buy gold bars from The Royal Mint, many of our customers choose the convenience of storing their gold bar investment in The Vault - our on-site storage facility. Your gold bullion bar will be delivered to our Vault and your precious investment metals are independently audited and fully insured. By buying gold bars direct from The Royal Mint and storing it in The Vault, you can benefit from our Buy Back Facility and rest assured that your gold bars will be held securely - outside of the banking and London Clearing System - and can be liquidated at your request at any time. Equally, you may choose to have part or all of your vault holding, including any size gold bar, delivered to you at your registered address at any time.
The biggest difference between gold bars and coins is the size. Gold bars usually start around 1 ounce (though some places sell them for as small as 1 gram) and can be as large as 1 kilogram, approximately 2.2 pounds.
That said, storing gold with a depository can become expensive fast. You might spend around $10 minimum monthly for storage plus additional fees with a private depositary. Fees charged may relate to the amount of gold or metal stored. For example, the Texas Precious Metals Depository charges 0.5% in annual fees for storing gold amounts of $100,000 or less.
Beginners can buy gold through a local licensed retailer or an online retailer. You can also opt for gold stocks and exchange-traded funds instead, which eliminates some challenges that come with traditional gold investing.
For example, gold bullion coins, such as American Eagles, which are guaranteed by the federal government, have inherent liquidity because they are bought and sold by coin dealers, banks and commercial dealers without question, says Clark.
Using a depository has become increasingly popular, says Turk. Five years ago, his firm GoldMoney.com was safeguarding $137 million of metal owned by 4,600 customers. Today, the firm is responsible for $2 billion in gold, silver, platinumand palladium, belonging to more than 19,000 customers in 87 countries.
Clark also notes that investors can take delivery of their gold at any time. The precious metal can be delivered by armored car or shipped overnight. In addition, Clark says, gold can be posted as collateral to receive a loan, avoiding tax consequences of selling the commodity. Multi-redundant security systems also make depositories an extremely safe option, he notes.
Clark says at Diamond State, an account valued at $50,000 would incur an average storage fee of $375, or 0.75 percent. Firms calculate the fee daily based on the price of gold multiplied by the number of ounces in an account, multiplied by the percentage fee and divided by 365 (days) to determine the annual rate. Fees are also based on a sliding scale up to $5 million, the larger the account value, the lower the fee.
1 oz gold bars are usually rectangular. They are produced either as cast or minted bars. Because 1 oz gold bars are manufactured from a variety of refineries and government mints, their look and feel can vary.
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. 041b061a72