Buy only pure gold People who buy gold ingots as an investment should only buy an ingot that bears the name of its manufacturer, its weight and its purity, usually expressed in 99% or 99% stamped on the face. Among the popular mints that produce gold bars are the Royal Canadian Mint, the Perth Mint and the Valambi Mint. So, you've considered the many reasons why you should buy gold and you've made the decision to buy. It has also determined what percentage of precious metals you should own.
Now the question is what type of gold to buy? First of all, you'll most likely want to consider whether to buy gold bars or gold coins. The main reason to buy gold bars is because they are cheaper than gold coins. Gold coins require more “work” to produce them. They have the additional work of designing both the front and back (or the front and back) of the coin.
But the process of minting and machining a coin is also much more complicated than that of an ingot. But if your main concern is simply getting the most gold for your money, then gold bars are probably the best option. The general rule is that the larger the bar, the lower the premium on the spot price per ounce. A bigger bar is a cheaper bar.
Well, it's comparable to how a coin requires more “work” to be produced than an ingot. In the same way, a larger bar requires approximately the same amount of work to pour or shape it as a smaller bar. Therefore, the net cost of manufacturing the bars is quite similar. But a larger ingot obviously contains much more gold.
Therefore, the total cost per ounce of a much larger ingot (such as a 1-kilogram ingot) is lower than, for example, a 1-ounce gold ingot. Although we consider gold to be financial insurance with no counterparty risk, there are times when some people would like to be able to apply for loans from their gold. Let's say you want to buy a property, but you don't want to sell the gold you had to do so. Therefore, you can choose to take out a loan in exchange for your gold.
As the only New Zealand brokers on the Singapore Precious Metals Exchange (SGPMX), we have the option to apply for loans from gold stored in Singapore. This loan is only available with 1 kg gold bars. The minimum is 3 kilos of gold. Click here to learn more about SGPMX storage and to request more information on gold-guaranteed loans.
By far the most common size gold ingot we sell is the 1 oz gold bar. Why? Probably because the 1-ounce gold bar is the best combination of the lowest premium above the spot price and resale capacity. A 1 oz bar is not too high of a value. So, if you buy several ounces of gold, you can sell them later on in tranches.
There are a wide range of brands available when buying different types of gold bars. These include local refined gold brands from New Zealand and foreign brands. Regardless of which gold ingot you buy, there are a few things you should expect to see in it. The refinery seal must be cast or stamped on the gold ingot.
The purity of the bar must also be clearly visible. In general, this will have a purity of 9999 or a purity of 99.99%. Some larger bars (1 kilogram and 400 ounces) can only be 99.9% pure. .
Some brands and sizes can also be molded or minted with a unique serial number. Some can also be sent with certification. Usually, you'll also pay more for these types of bars. Usually, this point is no cause for concern when buying different types of gold bars, since almost all of them have a purity of 999 or 9999%.
However, some coins, such as the 1-ounce South African Krugerrand and American Eagle gold coins, are only 22 carats or a purity of 91.67. Therefore, these 22-carat gold coins attract GST in New Zealand and are therefore not a good buy here. A molten bar simply means that the gold has been molten and then poured into a mold or mold. This mold will have the refinery seal stamped along with weight and purity.
Cast bars are cheaper to produce, therefore they are cheaper to buy. They may also have some variation between the bars due to the casting process. However, this boils down to personal preferences. The wedged bars have more details in their design.
The minting process is, of course, what gives the minted rod a higher price compared to a cast rod. While you can pay more for a minted bar, there's also no guarantee that you'll get more for it when you sell it, compared to a cast bar. Minted ingots usually come in packs, so if you want to handle your gold ingot, a molten ingot may be a better option. Gold bars are a popular way to protect purchasing power and protect against financial crises.
They are an asset that has stood the test of time for millennia. Take a look at the different types of gold bars you can buy. Or let us know if you want something that isn't on the list. You can also use the live chat feature to get the most up-to-date prices: check the button at the bottom right of the screen.
What type of gold and silver to buy Talk live with one of our specialists. Stay informed of our special offers. Gold bars are designed in different sizes and weights to suit the preferences of each investor. The exact dimensions of a gold ingot will depend on the refinery it comes from and whether it is minted or cast.
Molten gold ingots are generally thicker and larger than minted ingots. Gold coins and gold bars are separate products that make up different forms of ingots. Smaller variants of gold ingots are often referred to as ingots. Gold bars almost always have a “fine gold” purity of 99.99 percent.
The best way to keep fashion costs low (premiums added to cover production and packaging costs) is to invest in large gold bars. Bars have a lower premium because manufacturing costs are lower and larger bars have a lower fashion rate than smaller bars for the same reason. For example, it would be more profitable to buy one 10 g bar than ten 1 g bars. When possible, use standard-sized bars, such as an ounce.
Larger fractional ingots are perfectly fine, but you must pay a rate commensurate with the liquidity of these items. Finally, the condition of your gold bars is important. If you have the option of buying a carded and tested rod at the same price as a loose rod, always opt for the first one. Many of today's mints that produce gold bars also create limited-edition gold medals that attract collectors.
This allows you to expose yourself to gold as an investment without the risk or headache of dealing with physical gold. Although minted gold bars have a slightly higher premium than molten gold bars, they tend to have a better resale value. Those who want a collectible item for the gold products they buy usually find a fantastic avenue in the gold rounds. The world-famous Perth Mint, Australia, manufactures gold ingots with a gold weight ranging from ½ oz to 1,000 oz.
Many people expect a bank to issue gold, dating back to the days when gold backed the currency, but today most physical gold is purchased from non-bank dealers. That said, gold prices can be very volatile, meaning that gold is not a totally safe investment (or even primarily). With prices starting at around 60 pounds for a 1 g gold ingot and rising to over 45,000 pounds for a 1 kg ingot, there are plenty of options for small and large investors looking for the best gold bars to buy. As such, there is no real difference between gold mined 3,000 years ago in ancient Egypt and gold mined last week in a South African mine.
Since their discovery thousands of years ago, the processes of refining gold and minting gold ingots have improved and evolved numerous times. Like some gold coins, gold bars can be attractively packaged, but they also have a unique serial number to identify them. This means that gold coin and ingot products, such as those listed on our website, are constantly updated according to this price. In almost all cases, having gold on paper does not mean that you have real gold at the end of the investment.