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When it comes to investing in gold bars, there are a few factors that will need careful consideration. By taking these factors into consideration before investing you can ensure you make an informed decision appropriate to your investment needs.
The purity of gold bars
Investment-grade gold is 99.99% pure solid gold and comes in the form of bars and coins. Investment grade gold is also known as gold bullion and its value is derived from the spot price of gold as traded on the international markets.
Gold bars are sold at a premium above the spot price. This premium covers manufacturing, distribution and dealers fees.
Generally speaking, gold bars have a smaller premium than coins. This is because it takes less time and effort to produce them. It is also worth considering that gold dealers often charge a lower premium for larger bars.
Divisibility
Gold bullion bars come in evenly-shaped, rectangular blocks, with a gold content of 99.99%. These bars come in various sizes and weights, but the most popular sizes include 1oz, 10 oz, 100g, 1 kilo, and 400 oz.
If you buy larger gold bars, you cannot divide them if you wish to sell a portion. You must sell the entire bar. Larger bars may be the cheapest option for larger investors, but it might be preferable to buy smaller bars or coins for smaller investors. This means that you can sell a portion of your gold when the opportunity presents itself.
Storage
With smaller quantities of gold bars or coins, you could choose to take delivery and store them in safely in your home. However, for larger investments it is recommended that you use specialised insured vaults in secure jurisdictions operated by professionals. For example, GoldCore offers high-security vaults to their clients in Switzerland, London, Dublin and Singapore.
These professional vaults are not only more secure but make the process of selling faster and easier as gold bars remain within the “chain of integrity”. Bars held at a private residence or safety deposit box facilities would be required to undergo a process of re-authentication prior to being accepted for sale by a bullion dealer.