Gold prices have been increasing consistently over the past few weeks. This is probing many investors to buy into the precious metal as an investment to get a solid return on it. With the increased attention and increasing prices, it begs the question, is it better to buy Gold bars or Gold coins?
For years now, Gold has been used as an investment and as legal tender. Over the years we have seen the growth that both Gold and Silver has had. This type of growth shows us that investing in precious metals won’t get old and will continue. Buying Gold bullion and silver bullion is a great way to diversify your financial portfolio. Not only can you make a decent return, but you also safeguard yourself in the event of a failed investment.
Buying Gold Coins
Many investors prefer to buy Gold coins when they invest their wealth in Gold. This is mainly due to the fact that many Gold coins tend to have a higher inherent value. This is because many Gold coins are used as legal tender. They are governed by governments and minted by government mints. Hundreds of years ago during the Gold standard, Gold coins were used as legal tender. Hence why they have that higher value in the eyes of investors and collectors. They are not bad to buy as they can be sold with a bit of a premium or more. However, even when you buy there will still be a slightly higher premium than that of a Gold bar.
Buying Gold Bars
Gold bars tend to be a little bit cheaper than Gold coins. These are quite popular in the eyes of investors as this allows them to get a better ROI. However, unlike Gold coins, you won’t be able to sell your Gold bars for the same price as the Gold coins. It will have to be slightly less than that amount. It all just depends on your outlook of the investment you are about to make. Gold bars are better in the sense that you are paying less. Gold coins are better in the sense that they have an inherent value.
At the end of the day, it all comes down to what you want out of your investment. If you are looking for your next Gold bar or Gold coin investment, then look no further. Instant Gold Refining is the top bullion dealer in Vancouver. We offer some of the lowest premiums in the industry on Gold bullion products. Get in touch with us today for your next Gold investment.