Do you want to flip a coin or weigh a bar? A lot of people ask themselves that question when they start buying precious metals. When you buy gold, you have to think about history, the economy, and your own money. Let\'s get it straight, one dazzling nugget at a time.
People's first reaction is how heavy a gold bar is. When you hold one, you feel like a pirate who has made it big. Bars usually available in bigger sizes, including 1 ounce, 10 ounces, or even 1 kilogram. Usually, the bigger the bar, the lower the premium over the market price. If you're stacking for investment, bars are probably a better value. No extras, just value. Coins, on the other hand, convey a tale. Have you ever seen a shiny American Eagle or South African Krugerrand? Along the edges, there are typically details, art, and a little of history. Most coins weigh 1 oz, but others are substantially smaller. Here's the twist: coins almost always cost a little more than bars. It's because of the quality of the work, how rare it is, and sometimes even the fact that it's legal tender. Liquidity is also a factor. Need to sell your gold quickly for cash? Coins normally move faster, and both buyers and sellers know this right away. Bars, especially the big ones, might stay on shelves longer or need more paperwork before they can leave. But think about storage. A lot of coins take up more room than the same amount of money in bars. You will be stacking and counting coins like Scrooge McDuck, while the bars sit calmly in a corner. Both need a safe place to keep their things, such a safety deposit box, a secure house safe, or buried under your favorite tree (not a good idea unless you have a very good memory). People can become really angry when they talk about authenticity. Sadly, there are fake things. Coins are generally sealed, certified, and accepted all across the world, which is helpful. Bars from well-known mints are usually safe, but you should always ask for proof. If Steve from the bowling club offers you "discounted bullion," you might want to look again. We shouldn't forget about taxes. Depending on how they are classed, coins (especially those that are accepted as legal currency) can avoid some taxes in various nations. Bars? Not always lucky. Do your homework. Talk to an expert. In the end, your personality may be the most important factor in your choice. Want to develop your money without anybody knowing? Bars are a simple way to be efficient. Want some numismatic style? You might notice coins. If you want the best of both worlds, try to get a blend. No matter if you're buying your first ounce or preparing to sleep on bags of gold like an old-school prospector, remember that there is no one proper answer. Trust your gut, ask questions, and if you drop a gold click to read more bar on your toe, don't swear too loudly.