Learn Why Gold Bars are a Good Starting Point for Beginning Investors
Gold has been one of the most popular ways of accumulating and building wealth for thousands of years. For investors, gold bars are one of the most economical and convenient way of diversify investments into precious metals as a way of preserving wealth.
There are many types and sizes and weights of gold bars available. Various sizes of Gold bars are available that are intended to suit the needs of individuals with different budgets. Fractional gold bars are a popular choice for many and there are suitable options at all price points.
Private mints operate on a different business model than sovereign mints, thus gold bars are typically priced lower per ounce than gold coins which makes adds to their attractiveness as an investment.
Gold Bars By Weight
Each size gold bar has it’s benefits and trade-offs when considering them for investments. Gold bars come in a variety of weights and sizes. Typically, there are two weight classes of gold bars, those that come in sizes measured in grams and those measured in troy ounces.
Gram size gold bars are generally the least expensive and easiest to store but carry a higher premium over gold spot price when factored on a per troy ounce basis. These bars are available in many different sizes, from as small as one half gram up to one kilogram.
Troy ounce size gold bars have a lower premium per ounce but require a larger cash outlay at the time of purchase.
1 Gram Gold Bar
One gram size gold ingots are one of the most common ways beginning investors buy gold. They are inexpensive and you can buy them from virtually any online bullion dealer or your local coin shop. Newly minted one gram gold ingots come sealed in a manufacturers assay card which displays the weight, the purity, the mint and other particulars about the bar.
One major advantage of one gram gold bars is that they are very easy to liquidate if the need arises.
2.5 Gram Gold Bar
Buying 2.5 gram gold ingots provide investors a hedge against inflation like larger bars, but at a lower point. 2.5 gram gold bars that are made of .9999 fine gold are still very affordable and have a lower premium than their 1 gram counterparts.
5 Gram Gold Bar
Five gram gold ingots make a great investment. At this weight the premium per gram over spot price because more reasonable for beginning investors. At current gold spot prices, 5 gram gold bars can often be purchased for a few hundred dollars. It’s a small price to pay to have peace of mind and financial security for the future.
10 Gram Gold Bar
At just under 1/3 of a troy ounce, the 10 gram gold bar provides a nice entry point for a gold investor. At this weight, one can feel the weight of this bar. This size allows you to grow and diversify your portfolio with an affordable low-premium investment option.
For new investors, there is an opportunity to buy a 10 gram gold bar at spot price from SD Bullion. More details can be found on our spot deals page.
20 Gram Gold Bar
The 20 gram gold bar is another popular option for those who want to purchase less than an ounce of gold at a time. It weighs .64 troy ounces. It is a convenient investment for those who are accumulating gold on regular basis.
For individuals who wish to purchase gram bars in larger sizes, options are available in 50 gram and 100 gram bars at a higher price point but often with lower premiums.
Troy Ounce Gold Bars – Advantages and Sizes
Long-term investors stack one ounce gold ingots or larger. They are a popular size for investors due to their low premium over spot gold price.
One troy ounce gold bars are produced by many private mints as well as some government mints. Each one troy ounce gold bar will contain purity levels ranging from .999 to .9999 gold, depending on the mint.
1 Troy Ounce Gold Bar
One ounce gold bars come from their respective mints sealed in an assay card that will show the purity, weight and other minting details. Each one ounce gold ingot will also have this information engraved or stamped on its surface.
Most of the time, it will be cheaper to buy secondary market 1 oz gold bars from online bullion dealers. Secondary market gold ingots will be tested by the dealers for purity before selling.
10 Troy Ounce Gold Bar
Serious gold investors will look to stack 10 ounce gold ingots as close to spot price as possible. 10 ounce gold bars feel much heavier compared to their size due to the density of the gold.
Gold Bars by Mint
Gold bars are minted by both reputable private and sovereign mints. Popular private mints for gold ingots of all sizes include Asahi Refining, Istanbul Gold Refinery, RAND Refinery, Argor-Heraeus and PAMP Suisse. Some sovereign government mints that produce gold ingots include the Perth Mint and the Royal Canadian Mint.
Gold Bar Premiums
Premiums on gold bars will vary from dealer to dealer and will largely depend on the size of the bar. Smaller, gram size gold ingots will carry a higher premium relative to the gold spot price. Larger gold ingots, those that contain one troy ounce or more, are often available very close to gold spot price.
On 1 gram gold bars the premium could be as high as 20% over the value of the gold bar. For gold bars that weigh one troy ounce the premium can be below 1%.
Where Can I Buy Gold Bars in All Sizes?
You can use FindBullionPrices.com to search for Gold bars of all sizes and weights that are available from many online bullion dealers. FindBullionPrices.com tracks prices of gold bars from many trusted and reputable online bullion dealers and will help you find the best price when you’re ready to purchase.
