|
©iStockphoto.com – 270770
|
Gold bars are a great way to participate in gold ownership but
require more insight and due diligence than purchasing gold bullion coins. I am a huge proponent
of gold bullion coins such as the
gold American Eagle. The reason I like
gold bullion coins so much is they are mass produced, highly liquid, and government backed. It's
easy for me to go to any coin shop and sell my gold eagles for cash. The coin store is able to
examine the coins to make sure they are in reasonable condition and knows that the gold purity and
weight are backed by the US Government. Gold bars are exiting because you can often find them for a
lower premium over the current
spot price of gold
but you need to be careful because it's more
difficult to prove their weight and purity to a potential buyer.
Gold Bars Are Not Backed By The Government
Gold bars are different than popular bullion coins. Bars are not backed by the government
for their weight and purity like gold American Eagles, South African Krugerrands, and Canadian
Maple Leafs. Consequently, the gold bar investor needs to be seasoned and careful. For the
new gold investor it's best to go with popular bullion coins or
gold bars produced by Credit Suisse
or another very well respected bank. Proving the gold content and purity of Credit Suisse bars is
easy because they come with assay certificates and are from a respected institution.
Gold Bars To Avoid
I recommend avoiding gold bars like the ones in the picture on the left. These gold bars are not
produced by a trustworthy bank. Moreover, they do not come with an assay certificate describing
their weight and purity. When you sell these bars, the buyer has no way to build up confidence in
their weight and purity and therefore will need to assay them. Assaying gold is the process of
melting down bars to confirm their gold content. Assaying is not ideal for individual investors
and is the main reason I recommend sticking with highly popular gold bullion coins which are
accepted everywhere. If you do decide to purchase gold bars, make sure to stick with the big
names and always get assay certificates. If you follow this simple rule, you may be able to pick
up some great gold bargains for a lower premium over the current spot gold price.
New More Pictures of 1 Troy Ounce Gold Bullion Bars
As a new update to this article, I just uploaded more
pictures of 1 oz gold bars.
I'm a big fan of 1 ounce gold bars, as long as they come with an assay certificate. I hope you enjoy
these new pictures!
Pictures of One Troy Ounce Gold Bullion Bars
Buy One Ounce Gold Bars on eBay
Related Gold & Silver Images
Return Home
Fiat Money
Zinc Bullion
Silver Art Bars
Tin Bullion Bar
1 Kilo Gold Bar
Silver Certificate
Brass Bullion Bar
Pile of Gold Coins
25 Box of Pennies
Gold Philharmonic
Silver Peace Dollar
Bronze Bullion Bars
Platinum Bullion Bar
Soda Can Coin Safe
Engelhard Silver Bar
Silver Chinese Panda
Stainless Steel Bullion
Gold American Buffalo
Half Ounce Krugerrand
Silver Eagle Money Clip
Tenth Ounce Gold Eagle
1 Kilo Silver Bullion Bars
Gold Coin Treasure Chest
PCGS Silver Morgan Dollar
Johnson Matthey Silver Bar
Fractional Gold Bullion Coins
Nickel Bullion Bars and Coins
Old US Gold and Silver Coins
Franklin Silver Half Dollar Coins
Quarter Ounce Gold Maple Leaf
20 Dollar St Gaudens Gold Coin
Barack Obama Collectible Coins
American Eagle 1 Oz Silver Coin
Large Pile of Copper Bullion Bars
Credit Suisse 1 Ounce Gold Bars
One Ounce Mexican Silver Coins
Aluminum Bullion Ingots and Bars
Tenth Ounce Chinese Gold Panda
Mint Tube of Silver American Eagles
American Eagle 22 Karat Gold Coins
Tenth Ounce Gold Australian Monkey
Canadian Maple Leaf 1 Oz Silver Coin
South African One Ounce Krugerrands
Canadian Maple Leaf 24 Karat Gold Coins
|
