Gold bars come in an impressive range of shapes and sizes. The largest documented gold bar was created by Mitsubishi Materials Corporation and weighs in at just slightly over 550 pounds. If this hefty bar is too much gold for your budget and available storage space, there are smaller, more affordable and manageable options for your consideration. This brings us to the topic of the smallest gold bar you can buy, which we explore below.
1-Gram Gold Bars
Single-gram gold bars are typically the smallest commonly available gold bars you can buy today. The demand for these .032 troy ounce bars or ones within the same size range is generally on the high side, since physical gold that’s smaller and conveniently shaped tends to be affordable. Plus, there are more practical options for storage.
An Easier Liquidation Process
Another compelling reason to go with smaller gold bars like the 1-gram ones mentioned above is because of the liquidation possibilities. It’s typically easier to turn physical assets like gold into cash if the bars are smaller and more appealing to buyers. Smaller bars are also easier to ship for transactions not made in person.
A Good Option for Newer Gold Investors
If you’re a new gold investor, purchasing a single-gram gold bar is a good way to get your foot in the door with this type of investing. According to USA Gold Coins, the lowest price currently listed for a 1-gram gold bar is around $75. Even though actual prices can vary, smaller bars tend to fit most budgets fairly easily.
More Precious Metals Buying Possibilities
By investing in smaller gold bars, you’ll have more options to explore other precious metals you may wish to invest in to some extent. If you do some research into pricing and buying options, you could end up with a fairly diverse assortment of physical precious metals. This also means more potential to buy and sell as you adjust or expand your collection.
Where to Purchase Small Gold Bars
When deciding to buy gold bars, San Diego residents should make their purchases from reputable precious metals dealers. This can be done in person or online as long as the source is reliable and forthcoming about pricing and other relevant details. However, it’s best to be cautious about such purchases from online auction websites unless there are protections put in place by the site. Even if this is the case, you may end up paying more than what you would pay if you bought 1-gram gold bars from an actual dealer.
What to Look for with Smaller Gold Bars
Start by looking at the quality of the bar. This is typically determined by its appearance. Also, make sure any smaller bars you purchase are correctly marked. It’s also beneficial for the buyer if gold bar purchases include:
• Documentation confirming quality and purity
• A fair markup value
• Reasonable terms and conditions with online purchases
If you’re looking to buy or sell gold, platinum, or silver, make sure to work with reputable gold dealers. San Diego residents can rely on the experienced professionals at First National Bullion and Coin when they’re looking to add precious metals to their investments. Call one of our precious metals experts today at (858) 304-7580.
The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.