So you have decided to buy gold – now you just need to decide the best way to buy it. Are gold coins the best investment or are gold bars a better option? The answer depends on your goals. Read on to learn when it might be better to choose coins versus bars and vice versa. Contact GNJ Pawn Big at (661) 224-1999 if you have any questions.
Advantages of Gold Bars
A gold bar is shaped in a rectangle and is .999 pure gold. You can buy anything from a single ounce to one kilo, or many sizes in between. They are portable, private, and liquid – just like gold coins. They are one of the best options if you need high-volume diversification due to their simplicity and size. If you want to build your precious metal portfolio as quickly as possible, then gold bars might be the best option.
In most cases, it will be cheaper to buy gold bars than it is to buy coins. Why? Because it is cheaper to produce gold bars than it is to produce gold coins. Coins generally have intricate designs and the condition and appearance are very important. Gold bars are valued primarily on their weight.
Advantages of Gold Coins
One of the reasons some people prefer gold coins is that there are nearly endless options. Different sizes, finishes, prices, grades, rarities, origins – there is always something new to find. If you purchase coins that are legal tender, then you know they have been approved by a legislative body and are consistent in their design and integrity.
Gold coins have what is known as “numismatic potential.” This means that not only are they valuable as gold, but they can appreciate based on how rare they are and how the demand is. Think of them as art – their value is affected by history and aesthetics. Finally, gold coins are easily giftable. They are generally stamped with dates and can be given to celebrate special dates that coincide with their stamped dates, such as a birthday or anniversary.
There Are Other Investment Options
Of course, you can invest in scrap gold, gold used in jewelry, or even dental gold. As is true of coins, the value here will be based on the demand and the history of the item, as well as how beautiful it is. You can invest in necklaces, bracelets, and other gold jewelry that contains precious gems if you want to increase your investment potential even more.
If you have questions about how to get started, or you want to find out what we have in stock and ready for you, contact GNJ Pawn Big at (661) 224-1999.
