Buying gold. Is it better to buy 1oz coins, or 1oz bars?


buying gold
Hilikus asked:


Also I think the best coins are Canadian, and bars are Swiss. Do you agree?

This entry was posted on Thursday, March 11th, 2010 at 12:00 am and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “Buying gold. Is it better to buy 1oz coins, or 1oz bars?”

  1. Ball-n-Chain Says:
    March 13th, 2010 at 5:06 am

    Gold is gold Ball-n-Chain

  2. Mike Says:
    March 14th, 2010 at 7:21 pm

    its like saying what weighs more 1 lb of lead or 1 lb of feathers
    1g of gold
    is
    1g of gold Mike

  3. Bernadette Says:
    March 16th, 2010 at 9:25 pm

    Here there are good sites on business Bernadette

  4. bhanwar b Says:
    March 18th, 2010 at 10:33 pm

    to buy coins or bar is only matter of personal choice.
    i agree with you about canadian coins and swiss bar. bhanwar b

  5. rigola Says:
    March 19th, 2010 at 6:06 am

    Unless you’re possessed with collector’s passion and if you view gold as hedge against inflation and against a weak dollar, the better choice are bullion gold bars. Some people will advice you when buying gold bullion it is better to buy the largest size bars you can afford, because the larger the gold bars you buy are, the closer to the actual value of gold you are likely to get for your money, with a proportionately less margin to pay.

    However, this is not necessarily the best advice if you want to hold gold to be prepared for times of crises. In times of crisis you want to have your gold (at least part of it) available in handy increments. If banks collapsed or major currencies collapsed, it would be very desirable to have your gold ready at hand in as small increments as possible - like the handy 1gram gold bar that will make the perfect currency for everything that you need to buy and pay for.

    In this scenario you will be glad that you paid the premium for the smaller increment. Also, when inflation hits really hard, and you have to cash in an ounce of gold, the money you get will lose its purchasing power almost daily. If gas is 5 dollars today and 6 dollars tomorrow and maybe 10 dollars next week, you will lose money if you have to cash in 1oz or 5oz gold bars at a time. You can avoid this when trading 1gram gold bars as money is needed. rigola

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