Compare 1 oz Gold Bar Prices
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Gold is considered one of the safest investments, a preferred asset in times of crisis and turmoil. It is also considered good insurance against inflation. Gold bars are a natural competitor to standard one-ounce coins. Normally, gold bar prices (premiums) are significantly lower than gold coin prices.
Gold Bars for Investment
Investment quality gold bars must be at least 99.5% (995) pure gold. The rest is an alloy, usually silver or copper. People who buy gold bars as an investment should only focus on the yellow metal, which contains the name of the manufacturer, its weight, and purity, usually expressed as 99.99%, printed on the face. Among the most popular licensed refineries in the world, which produce gold bars, are:
- Canadian Royal
- Australian Perth Mint
Are 1 oz Gold Bars worth the investment?
Gold bars offer a higher liquid investment at a lower premium than gold coins. 1 oz gold bars are a great investment for anyone looking to add precious metals to their collections or portfolio. Just like with currencies, each gold bar has its own buying and selling rates.
These rates are formed by a number of factors such as supply, demand, investor behavior, gold spot price, etc. The price is also dependent on the dealer’s premium price and the buy-and-sell spread can vary up to 35% per transaction.
You can also buy gold bullion on the stock exchange, but the procedure for withdrawing metal from the market is complicated and inconvenient. One of the best ways to buy gold bars is through online bullion dealers, where you can check prices and compare at any given moment.
At goldsilverinsider.com we compare more than 15 online dealer sites and update our information on an hourly basis so that you can receive the best deals. There is also the option of buying from individuals, but this is extremely risky.
Pros: This is real physical gold that you can touch and store in your safe, in a safe deposit box, and anywhere else. And the threshold of entry here is quite small, which makes investment in 1 oz gold bars very suitable for anyone who is just starting out.
Buy Gold Bars in Bulk
If you’re a “big fish” or even a whale then you may not know you can buy larger gold bars like 10 oz gold bars and kilo gold bars. This type of buying allows you to maximize the amount of gold you get for your money by purchasing lower premiums in bulk.
For example, kilo gold bars are usually at least half the cost of one ounce gold bars when looking at the premium price of each.
Check for yourself: we are also tracking 10 oz gold bar prices and kilo gold bar prices every hour from the top online dealers. Simply divide the number of ounces by itself and you’ll get the one ounce price you are paying.