Buy Gold Bars
Gold bars are the primary investment vehicle used when investing in gold bullion. Gold bars are offered in several weights, and are produced by various mints. The most attractive advantage of gold bars over gold coins is that bars almost always have a lesser “premium” over the spot price of gold.
When you buy a gold bar, you pay for the gold contained within the bar, as well as a small premium for the costs associated with producing bars. When you buy a gold coin, you pay for the gold contained within the coin, as well as a premium for producing the coin and a premium for the collectibility of the coin. Some popular producers of gold bars are Credit Suisse, PAMP Suisse, Perth Mint, Sunshine Mint, OPM Metals, Valcambi and the Royal Canadian Mint.
This makes gold bars slightly cheaper than gold coins (on a per ounce basis), more-so when taking into account that gold bars are almost always produced as 99.9% gold, while some gold coins are produced as 22 karat (91.67%) gold.
Sizes of Gold Bars
Gold bars come in many different sizes, with most ranging from 1 gram to 10 oz. Larger bars exist, but those are mostly held by governments and central banks as opposed to private individuals. Gold bars, in general, are smaller/lighter than silver bars.
The larger the bar you purchase, the less the premium over the spot price of gold. A 1 oz gold bar will have less of a premium/ounce than a 1 gram gold bar, making the larger bars more attractive for gold investors. However, some customers prefer the smaller bars as they are easier to “piece out” if you only want to sell a portion of your gold.
The most popular size of gold bar is the 1 oz variety, followed closely by the 1 and 10 gram sizes. All three sizes of the bar are extremely common and liquid, so investors will never have a problem buying or selling the bars.