Which gold bars would be best to purchase?

Which gold bars would be best to purchase?

If you want to buy gold bars, you have a choice of different types of gold bars and producers. In this article, we explain what you should pay attention to when asking which gold bars are best to buy.

Weight

When choosing which gold bars to buy, weight is of course an important factor. After all, weight is the most important component in the price of the gold bar. You can buy gold bars for just over 100 euros with a weight of 1 gram, while the price for a kilo bar goes towards 100,000 euros.

Buying a heavier gold bar is usually more advantageous in terms of costs, the purchase premium is relatively lower and the order and shipping costs are also lower. On the other hand, a gold bar of 100,000 euros is less easy to store and trade safely than a cheaper gold bar.

Recognized producer

It is also important that you buy gold from a recognized producer. This way there is certainty about the origin of the gold, but also about the correct weight and content. Approved producers have Good Delivery Status, which makes it easy to sell the gold again in the future. Also, each gold bar then bears the weight, content, usually a serial number and the logo of the particular smelter.

Premium

As mentioned with weight there is a premium added to the value of the gold.  Included in this premium are production costs, in addition to profit margins for the smelter and the dealer where you buy the gold.

The most common gold bars are minted in 50 grams and 100 grams. With the current price of gold, these are denominations that are accessible to a mainstream budget. Gold bars of 1 troy ounce are also common and that equates to 31.1 grams - which is the standard for gold coins and gold bars worldwide.

Buy gold bars at The SIlver Mountain

At The Silver Mountain you will get clarity about things you need to pay attention to when purchasing gold bars. For example, the premium we charge is clearly stated with each product. In addition, we have a wide range of different gold bars, only from recognized smelters and producers. In addition, we have a good customer rating. So you know that at The Silver Mountain you buy gold bars of good quality at a fair price.

Disclaimer: The Silver Mountain does not provide investment advice and this article should not be considered as such. Past performance is no guarantee of future results.