If you’re ready to invest in precious metals, keep in mind that gold has been one of the most popular options for centuries, with gold bars at the top of that list. If you’re a first-time investor or you’re not familiar with gold bars specifically, the task may seem overwhelming. However, there are many options to select from, and each offers something to enhance your precious metals collection. Below are some of the best gold bar types to invest in within the United States.
Minted Bars
These options are popular within the U.S. because they’re cleaner and straighter, which allows for more intricate designs. The premium is generally higher than the bars mentioned below, but this is due to the time, money, and effort required for the minting process. In terms of value, minted bars are trendy, making it easier for investors to sell or trade them.
When deciding to buy gold bars, San Diego residents should speak with dealers before purchasing, especially if they’re on a budget. These professionals can give you more insight, investment options, and tips to use in the future, such as keeping the bars securely packaged so the value doesn’t decrease.
Cast Bars
No two bars are the same when it comes to cast bars, making them another popular option for U.S. purchases. The pouring process is unique to each bar, creating different abnormalities and blemishes. However, the designs are often simple. As a result, the bars are less expensive than the minted selections. The money you save when purchasing cast bars allows you to increase your precious metals portfolio with options often close to the spot price.
CombiBars
Although CombiBars are one of the newest forms of precious metals, they’re becoming increasingly popular, especially among U.S. investors. The size of these bars is generally comparable to a credit card, and the smaller size offers extra flexibility. Keep in mind CombiBars can be broken with less difficulty than others due to their smaller size. However, the versatility of CombiBars adds value to your portfolio and makes them an exciting addition.
Important Factors
Seek out dealers with great reputations when purchasing gold bars. Working with reputable dealers could prevent scams or the risk of buying counterfeit pieces. Businesses that maintain established track records and excellent customer reviews are the best choice when searching for the best gold bars in the United States.
Purity, weight, pricing, and authenticity are other factors to consider when purchasing your precious metals. The stamps and hallmarks typically indicate the manufacturer and the bar’s authenticity. The purity rate for gold bar investment is generally 99.99%. Therefore, it should be stamped on the bar and meet this purity level unless it’s mixed with other metals. The weight of these investments is typically measured in troy ounces. Reputable dealers will help you stay within budget without compromising the value of your gold bars.
If you’re looking to buy gold bars, 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.
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.