A gold bar takes up less space than the same number of gold coins.
Gold coins or bars which is the better buy.
So if you are thinking about moving your gold bullion abroad i suggest steering clear of 22k gold eagle and gold krugerrand coins.
Generally the easiest bullion gold products to transport internationally are government issued 24k gold coins.
Keep this factors in mind while considering what form of gold to invest in.
Gold coins or bars.
While coins are easy to trade bars make an excellent long term investment.
If you want to know which one to choose here are few points that will explain the difference between investing in gold coins and bars in detail.
The most common gold coin size remains one troy ounce 1 oz while the international exchange standard gold bar is no longer the old 400 oz gold bar central bank standard but the lbma approved 1 kilo gold bar exchanged on the shanghai gold exchange the world.
Gold coins are quite easy to store and are less obvious than gold bars when stored at home.
American eagle coins are scheduled to be redesigned in 2021 to introduce more up to date counterfeiting measures making this coin an even better investment.
There are pros and cons to both choices.
Gold coins will offer more opportunity for separate storage.
Like coins gold bars are portable private and liquid though their advantages are often less understood than gold coins.
There is a large selection available.
Which is the better buy.
Also due to the smaller amount of gold involved coins are easily affordable while bars are difficult to buy and sell.
The first decision is often whether to buy older coins or new bullion coins.
For large investors it will be advisable to buy the largest unit sizes of gold bullion you can lay your hands on such as 500g gold bars 1 kilo gold bars and 5 kilo gold bars as they represent the best value for cash.
Cons gold coins are sold at a premium over a comparable weight of gold in bar form.
Some coins are 24 carat but others may be as low as 21 6 or 22 carat making it more difficult to value your new coins when dealing with fractional purities.
Due to their size and simplicity gold bars are one of the fastest ways you can build your precious metals portfolio essentially.
If you are going to use 24k gold bars i suggest buying government issued bars.
Canadian gold maple leaf the one ounce canadian maple leaf gold coin is one of the most secure investments in the world.
Gold bar sizes both private and government mints make various sized gold bars and gold coins respectively.
Gold coins are often more convenient than bars and can sometimes be bought for lower premiums than bars weight for weight.
These large bars are an efficient way to buy physical gold particularly if you are going to store your larger gold bullion holding in a recognized insured precious metals storage facility.
Gold bars are ideal for high volume gold diversification.
In terms of gold coin vs.
