There’s a reason why gold prices indicate the overall health of the economy. This precious metal is less likely to succumb to currency weaknesses like inflation.
That’s why people often view it as a
safe long-term investment for their money. If you’re curious about investing in
gold, there are a few basics that you should know.
First, you should know about the
different gold bar sizes. You should also know how to purchase gold. Luckily,
in this article, we’ll teach you about both. That way, you can get started with
your gold investment today.
Gold
Bar Sizes by Gram
There are two main forms that you
can purchase gold in: grams and ounces. Grams tend to be reserved for smaller
denominations.
As such, they’re a good way for
beginners to dip their feet in the gold investing waters without spending a
fortune. You can find gram gold bars in the following sizes:
- 1 gram gold bar
- 2.5-gram gold bar
- 5-gram gold bar
- 10-gram gold bar
- 20-gram gold bar
Gold
Bar Sizes by Troy Ounce
Troy ounce gold bars are much larger
than the gram category. This makes them more ideal for long-term investments.
Keep in mind that a troy ounce is different from the standard ounce size that
you’re probably familiar with.
One standard ounce equals 28.3
grams, while a troy ounce equals 31.1 grams. You can find these types of gold
bars in two mains sizes:
- 1 troy ounce gold bar
- 10 troy ounce gold bar
How
to Buy Gold Today
There are a variety of ways you
can buy gold today. However, the most popular method is through reputable
online sellers. Sites like Investor Crate offer the best way to buy
since they offer both coins and bars.
However, make sure that the seller
is reputable before you commit to them. You can do this by checking their
online reviews for past customer experiences.
The last thing you want is to invest
a lot of money into gold only for it to turn into a scam. In some major cities,
like Las Vegas, you can even purchase gold at ATMs. However, we recommend
avoiding them. They tend to be slightly overpriced.
Want
More Content? Keep Reading
We hope this article helped you
learn more about gold bar sizes and how to purchase them. At the end of the
day, gold bars are a great investment if you do it right.
But, if you rush into it, there’s a
good chance you will make a mistake. So, take your time and start slow until
you get a feel for how it works. Did you love this article?
If the answer is yes, then odds are that you want more like it. Luckily, we’re always adding new content to our site. So, continue diving in to learn everything you can about a diverse range of subjects.
