Monday, September 9, 2013

How to Buy Gold Bars in USA

How to buy gold bars in USA

Buy gold bars as investments

As investment vehicles, gold bars are gaining in popularity primarily because gold bars carry much lower premiums than gold bullion coins carry. For example, premiums on kilo gold barscan be as much as $50 per ounce lower than the premium on American Gold Eagles.

Truly, gold bars are an exciting way to invest in gold. Hefting large gold bars almost causes an adrenalin rush. Invariably, people holding large gold bars for the first time ask, "How can something so small be so heavy?" A huge amount of wealth can be stored and concealed in gold bars.
Gold Bars for sale

Gold bars for sale include 1-oz gold bars, 10-oz gold bars, kilo gold bars, and 100-gram gold bars. All these gold bars are .9999 fine (99.99 pure.)

Whereas a few years ago only 1-oz and 10-oz gold bars were available, today kilo gold bars are commonly bought by large investors. That is because kilo gold bars are easier to store than are 1-oz gold bars. In the space it takes to store twenty-five 1-oz gold bars (in their packaging from the refinery), six Royal Canadian Mint kilo gold bars (192.90 ounces) could be stored.

However, kilo gold bars are not necessarily the best investments for all investors. While large investors can use private carriers such as Brinks to move kilo gold bars around the country, most investors use the US Postal Service, which presently has a maximum insurance per package of $25,000. At $1,250 gold, a kilo gold bar has a value right at $40,000.

Investors wanting low premium gold bars should consider the 100-gram gold bars, which carry premiums only slightly higher than kilo gold bars. Buying 100-gram bars allows investors to ship within the US Postal Service's insurance limits.

As a rule, smaller gold bars carry larger mark-ups over spot. However, usually the premiums on 100-gram gold bars are less than the premiums on 10-oz gold bars.