Buy one-ounce gold bars to meet future needs as they come up. If you have a high net worth, buy both small and large bars.
One of the first decisions you’ll have to make when buying gold bars is what size to purchase. Gold bars come in different sizes and weights. They’re as small as one gram and as big as 400 ounces. You can also purchase and store gold in Switzerland through various online sources.
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1.Big bars do not offer the divisibility smaller ones do. When you sell a big bar, you are liquidating a sizable investment. It’s more practical to sell multiple smaller bars to exchange the exact amount of gold for the exact amount of currency you need.
2.Fewer potential buyers. Not many investors can afford to buy, say, a 100-ounce bar. If you have smaller-sized bars, you have a greater pool of customers.
The advantage of buying a large gold bar is that the premium will be smaller. But you lose these other advantages when you purchase the biggest bar you can. High net worth investors could buy a large bar, provided they also have some bars denominated in smaller weights.
On the other hand, premiums on smaller gold bars are higher, but they are still more affordable. And owning a little gold is better than not owning gold at all.
So the first step in knowing what to look for when buying gold bars is this: The second thing to look for when buying gold bars is the stamping and hallmark.