Buying options between Gold Coins or Gold Bars
Posted on: 09/Sep/2019 12:25:07 PM
In terms of investment and sale, gold is one of the most popular metals!
Especially in India, the people buy gold for various purposes ranging from jewellery to investment. Note that the metal gold is not just about flashy bling item but also about substantial savings and returns on the money that is invested in the metal.
Generally, customers who are looking at it from the perspective as a pure savings perspective, buy gold in the form of bars or coins. It is also a fact that historically, the value of gold has always appreciated with time, making it an extremely rewarding metal to own!
Buying gold bars - pros and cons
- Gold bars are a better way of investing in gold, especially for seasoned and large scale investors, These large gold bars are usually available at the lowest prices as compared to their smaller counterparts.
- However, there is a catch in buying large bars. Note that these bars do not have the same saleable nature as smaller ones. As the size of the gold bars is bigger, your choice of buyer gets restricted.
- Further, since bars are large pieces of gold, these can also be difficult to melt and reshape. Hence, it might involve additional handling charges when a gold bar or bullion owner tries to resell these.
- It is a fact that premiums on gold are almost always increasing and so is their value. The exact price of these bars depends upon several market factors that are in play at any particular point of time.
Buying gold coins - Pros and cons
In terms of price, gold coins lag behind gold bars. At the same time, apart from this one disadvantage, gold coins are generally better disposed to be useful as compared to gold bars.
- The first and foremost feature of gold coins is that they are available in several denominations ranging from 0.5 gram to 100 grams. Thus, gold coins thus can be purchased strictly in-line with the purchasing power of an individual at any point in time. Thus, if customer X is unable to pay a huge chunk of money for obtaining 1 bar of 50 grams, he/she can still shell out money for buying a coin of 1-2.5 grams or perhaps more!
- The 2nd great advantage of gold coins is that these can be easily traded mainly because of their smaller size. The customer base for these automatically becomes large. As such, there is no necessity to sit and wait for a buyer. Gold coins are also universally recognized and as such are easier to sell.
To get the latest Gold/Silver price visit : Gold rate in Chennai
