When considering investing in gold bars, one of the primary things you need to determine is what size bars you want to purchase. Here’s a guide to the different sizes of gold bars available to buy from Bullionjoy, so you can make an informed decision about your investment.
What Gold bars can you buy?
The first thing you need to know is that there are two main gold bars available on the market: minted bars and cast bars. Minted bars are made by pouring molten gold into a mould and stamping it with a design or logo. Cast bars (ingot), on the other hand, are simply made by pouring molten gold into a mould. Both types of bars are excellent to use for investment purposes.
The next thing you need to know is that gold bars come in various sizes. The 1 oz gold bar is the most popular size, but you can also find bars weighing 1g, 2.5g, 5g, 10gram, 20 grams, 1oz and even up to 12.5 kg. The size of the gold bullion bar you choose will depend on your budget and investment goals.
What’s the best size of gold bar to buy?
There is no simple answer to this question. It depends on several factors, including your budget, investment goals, and personal preferences.
If you’re just starting out with gold investment, you may want to consider buying smaller bars. This will allow you to get started without investing a lot, to begin with. Then, once you have more experience, you can start investing in larger bars. The gold bar size also varies in the premium it carries, with larger bars typically having a lower premium than smaller bars.
Gold Bullion bars available to buy in the UK
Many manufacturers make different shapes and sizes of the cast and minted bars for sale. However, some are more popular than others. The most popular gold bars that you will find available to purchase come from the likes of PAMP, Valcambi, Metalor & Perth Mint. All these brands have a good reputation in the marketplace for producing high-quality gold bars.
PAMP produce an extensive range of different size bars from 1 gram to 1 kilogram (1000g) in weight, the most popular being the Lady Fortuna design in gold. The Valcambi CombiBar is also popular, a bar that can be broken into 50 x 1g pieces for smaller transactions. Perth Mint also produce a wide variety of bars. Still, they are perhaps best known for their distinctive lunar series coins, which feature an image of a different animal from the Chinese zodiac on each coin.
When you buy gold bars, you’re not just buying the physical gold itself. There is also a small premium fee added to the cost of the gold. This fee can vary depending on the size and type of gold bar you’re purchasing.
The premium is the price charged by the mint or dealer for fabrication, distribution, and other costs associated with bringing the bar to market. It’s important to remember that the premium is in addition to the spot price of gold.
Gold Bar Size Comparison
At Bullionjoy, UK have a wide range of bullion gold bars available to buy at low premiums today. We’ve broken down the size/weights available from different manufacturers worldwide.
1 gram gold bars
One of the smallest and most popular sizes of gold bars you can buy is the 1 gram bar. These bars offer a convenient way to invest in gold without having to spend a lot of money. They’re also easy to store and transport, making them a good choice for those who want to keep their investment close at hand.
The most popular 1 gram gold bars are the Credit Suisse Gold Bars and the PAMP Suisse Gold Bars. These bars are produced by two of the world’s leading precious metals refiners and are guaranteed to be made of 99.99% pure gold. These make a great birthday or anniversary gift with a low purchasing value.
1 oz gold bars
Another popular size for gold bars is the 1oz best-value gold bar. These bars offer a more substantial investment than 1 gram but are still small enough to store and transport easily.
50 gramme gold bar
The 50 gramme gold ingot/gold bar is one of the most popular choices in this size and weight. The 24ct gold content makes this a solid investment choice. In addition, different gold bars feature stamped weight and fineness, as well as a unique serial number for security.
100 gram gold bars
For those seeking a more substantial investment, 100 gram gold bars, popularly known as gold biscuits, are accessible. These bullion bars are an excellent option for people who are seeking to invest in gold for long term, especially since the spot cost is relatively low.
At Bullionjoy, we offer a wide range of gold bars from different manufacturers at competitive prices. We also provide free storage for your gold bars to keep them safe and secure until you’re ready to sell. If you have questions about investing in gold, our friendly and experienced team is always there to help. So get in touch today to start your gold investment journey.