When it comes to the best gold bullion to buy, you have a few options. Gold bullion consists of gold coins or gold bars and is available in a range of sizes from small gold coins to 400 ounce gold bars. The good news is that the various sizes available make gold affordable to all. You can start small to get your collection started and then add more over time.
In addition, there are a variety of quality coins and bars available from established and reputable mints from all over the world such as the US Mint, Royal Canadian Mint, South African Mint, Australian Perth Mint, Austrian, Chinese, Volkswagen squareback and more. The Gold bullion from these mints is guaranteed fine gold and is stamped with the mint name, amount of gold, and purity. Gold bars are stamped with a unique serial number to verify their identity and authenticity.
GOLD COINS
Gold coins that are recognized and valued world wide based on their quality and guaranteed authenticity include the Gold American Eagles, 1 oz Gold Buffalo Coins, Canadian Maple Leafs, Gold Krugerrands, Austrian Philharmonics, Gold Australian Kangaroos, and Gold Chinese Pandas. They are all beautiful, unique, and sought after around the globe. Many collectors enjoy adding them all to their expanding collection.
GOLD BARS
Credit Suisse, Pamp Suisse, and Australia's Perth Mint make various sizes of gold bars ranging in size from small "wafers" to larger bars. The artwork on Pamp Suisse bars is beautiful. They are all at least 99.99% pure gold and valued and recognized all over the world. The large 400 ounce bars are investment instruments typically purchased and held by central banks, institutions and governments due to their large price.
WHY BUY GOLD?
There are a number of reasons to own physical gold. Its value per ounce keeps skyrocketing and recently hit an all-time high of $1421 an ounce. Ten years ago it was priced at $280 per ounce. It is also used as a hedge against inflation because as inflation increases so does the price of gold.
Also, owning gold is used as a hedge against declining paper currency such as the US dollar. The real purchasing power of the US dollar has declined by 90% since 1970. As the value of paper currencies steadily declines, people and investors look to tangible goods and commodities such as gold. Gold has been valued as real currency for over five thousand years while history shows that paper currencies come and go over time.
In addition, gold has historically been considered a safe haven in times of financial uncertainty and as a safeguard against future financial instability. Perhaps more importantly, gold looks even better when compared to the nightmare losses many are experiencing in stocks, bonds, and real estate.
WHERE TO BUY GOLD BULLION
Finding gold bullion to buy is easy. There are established and reputable online dealers that accept a wide range of payment options and will deliver right to your door. You main decision is determining the size of coins or bars you wish to own. The price of gold bullion is determined by the spot price of gold, which changes daily.
Keep in mind that you will always pay a little more than the spot price for your bullion in the form of dealer fees, packaging, shipping, etc. The good news is that these mark-ups are reduced when buying larger bullion. For example, the mark-ups will be more for small 1/20th of an ounce coins compared to larger coins or bars. In addition, because they are less fancy and cost less to produce, the mark-up on gold bars is cheaper than gold coins. Both coins and bars are easy to store, so it all depends upon your preference. To save on mark-ups, it is smart to buy the largest piece of gold you can afford rather than buying many smaller amounts.
STORAGE
Storage options are up to the individual. Most store their loot in a home safe or bank safe deposit boxes. Some like to keep their booty close and feel like a pirate when showing their collection to others. However, if you make a large investment or buy large gold bars you should take the necessary security precautions and store it safely in a bank vault.
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