The past two years have been a rollercoaster ride for the private investor, as the COVID-19 pandemic wreaked havoc with the global economy. If you are looking for a safe commodity for some of your accrued wealth, gold is the obvious choice. The king of precious metals performed very well in 2020, with a rise of just over 24% on the year and if you have already decided to switch to gold, you are faced with a choice of gold bullion coins or bars.
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Gold Bullion Coins
There are quite a few recognised gold coins; the American Eagle, the Britannica, the American Buffalo and the South African Krugerrand are just a few examples of gold coins with a purity of 91.4%, the rest being copper and silver. When you invest in gold bullion coins, the value is not determined by the coin’s face value, rather it is the weight of the pure gold. There are some reputable specialists where you can buy gold bullion for sale Adelaide has, in all forms. They also offer the best prices should you be looking to buy or sell.
Gold Bullion Bars
The standard gold block weighs 12.4kg, which is 400 troy ounces, and this is the size that most banks use, while others include the following:
- 1kg – 32.15 troy ounces
- 100gm – 3.22 troy ounces
- 1 troy ounce
If you are looking to acquire a significant amount of gold in one of the formats shown above, you should make an appointment with a registered gold bullion dealer and make the acquisition at their offices. Always take physical possession of any gold you purchase and make provisions for safe storage, either in the form of a concealed safe or rent a safety deposit box at a secure facility.
To find the best gold bullion dealer in your area, simply Google them to bring up a list of registered gold bullion dealers and you can make an appointment to purchase gold at their main office. Once you have a connection with the bullion dealer, you can visit their website to check on the gold spot price and should you wish to buy or sell, you can make an appointment online.
Regarding the choice between gold bullion coins or bars, it is very much a personal thing; some investors are happy with gold in bar form, while others like the collecting aspect of gold coins, which are very easy to sell, should you ever wish to liquidate the asset. There are rare gold coins, which is very much a specialised field and unless you have extensive knowledge, you are advised not to invest in rare gold coins. If you have investments that you are worried about, now is the time to move your wealth to the stability of gold bullion.
If you take a look at gold’s performance in 2020, you see a healthy return of 24%. Gold certainly does look like one of the best investments for 2021.