How to invest in gold bars?

If you have decided on gold for your next investment, you may be wondering why you should choose to invest in gold bars rather than rounds or coins. While there are some exceptions, typically, gold bars are available at lower premiums compared to bullion coins, particularly bars that are cast or poured, as these are simpler to manufacture compared to other bullion products.

Gold bars are universal, and you can easily buy and sell them at close to premium no matter where you are in the world. Except for the larger bars, they are compact and can be transported, stored, and even hidden easily.

You can get bullion bars in various weight and size options from less than a gram all the way up to massive 400oz bars, which offer investors the best value when it comes to gold. While you can get large bullion coins, these are more likely to be collector’s items that you’ll typically pay a much larger premium for, compared to standard bars.

Minted or Cast?

When investing in bullion bars, you will usually have the choice between minted or cast. Investors will usually decide which one to invest in based on personal preference. A cast bar is made by pouring molten metal into a bar mould before the maker’s mark and other details are stamped on.

On the other hand, there are several steps that go into the process of creating minted bars. First, blanks are carefully measured and cut from either a cast bar or a large gold sheet. They are then put into a pressing or stamping machine which imprints the blanks with edging, a pattern, makers mark and a fineness display. Patterns can either be ornate or simple.

Is It a Good Idea to Invest in Gold Bars?

Gold bullion bars are one of the easiest types of gold to buy and sell. Compared to other bullion products of the same or a similar weight, they are usually available at the lowest premium. Along with this, they have an efficient footprint and are easy to stack, making vaulting costs lower compared to other products like gold coins.

How to Buy Gold Bars

Gold has long been one of the most prized metals in the world. It has played a huge role in the economic systems of many countries and was once one of the most popular forms of currency. While this is no longer the case, buying gold bars is still a reliable long-term investment choice, and can be a valuable addition to any investor’s portfolio, especially during times of economic downturn.

These days, the best way to invest in gold bars is online, from a reputable distributor that has a reliable track record. This will ensure that you are getting only the best in terms of both service and quality. One of the main advantages of buying gold bars online is that there are lots of independent customer reviews that you can access, to make sure that you are buying gold bars from the right place.

You can easily invest in gold using the Metfolio app from £1. With our app, you can get straight into investing in gold bars without any hassle. It’s easy to download and set up on your smartphone, and you can invest in gold bars without spending a huge amount. Manage your gold bar investments online, or order 50g bars of gold straight from the app to have it delivered to your home, with next day order processing.

With Metfolio Goals, you can automatically invest in gold each month, too. All you need to do is set how much you want to invest and customise your goal, and you can set it up to grow your gold portfolio behind the scenes.

Reasons to Invest in Gold Bullion Bars

Gold bullion is a worthwhile investment choice as it offers a distinct range of advantages that you simply won’t find in any other investment type, providing you with more power as an investor. Gold does not pay an interest or dividends, but that’s actually a good thing. When you own gold, you don’t need to worry about any changes to interest or dividend payments, earnings reports, or dissatisfied shareholders. Some of the main reasons to invest in gold include:

1. Gold is Money

Although gold is no longer used as a currency today, it’s role as money means that it is superior to any other currency. Gold has been used as money for longer than any currency throughout history, having been a store of value for at least three thousand years.

Gold is abetter long-term value store compared to any fiat currency. Since 1900, physical gold has been one of the best long-term stores of value. Although the price of gold might fluctuate over time, the value remains timeless.

2. Private and Confidential

These days, it’s hard to find any assets that can be kept confidential and private.But if you want some privacy when it comes to your investments, then gold is something that can provide this. While you will still need to report any gains for your income tax, gold is a rare investment type in that it can be anonymous. Nobody needs to know that you own it if you don’t want them to, unlike many other investment options.

3. A Tangible Asset

Unlike many other investments, buying physical gold gives you a tangible asset that you can hold in your hand. Real, quality gold is almost indestructible. Unlike many other commodities, it does not require any maintenance. Since it is a tangible asset, it is not possible for gold bullion to be erased or hacked, unlike today’s bank accounts, brokerage accounts, and credit cards. It is always a good idea to hold some of your wealth in a non-digital form, and gold provides the perfect way to do that.

If you want to start investing or are looking to diversify your portfolio, then gold bars can be an ideal investment choice to make.

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