1 oz gold bar best for investment

If you are buying physical gold for investment, the best is to buy 1 oz gold bar size.

It is true that the cost of 1 oz gold bar is rather expensive, since the cost of purchase includes premium over spot, plus applicable sales tax.

However, you will find it easier to sell when you want sell.

It is true that the 1 gram gold bar is very attractive in term of price, but when you factor in the premium, you will find that the price is ridiculous.

Bear in mind that you are buying at a higher premium than selling.

Regardless of where you want to sell your investment, you cannot get the same high premium for small bars, such as 1 gram or 5 grams.

The transaction cost involves in sale of 1 gram or 1 oz is the same.

The cost of wrapping and paperwork is the same.

If you think of it in this way, you need to get 31 sets of 1 gram bullion to make up 1 ounce.  If you buy separate, as in a few 1 gram every month, you can see that the transaction cost is far too high.

That is why saving up your money to get 1 oz gold bar is better in the long run.

It is easier to sell 1 ounce than 1 gram.

The only time when you buy many 1 gram bullions is for gift giving.  It makes a very nice gift, and your friends and relatives will feel appreciated.

That means buying 1 gram gold for gift and not for investment.

Let us talk about where to buy physical precious metals?

If you want to get real gold without worries of getting fake products, the best is to buy from the local banks.

You must keep the invoice, so that you can sell it back to the bank in the future.

You can also buy from the goldsmith shop or the registered gold coins and bars retailer shops.

Check if they will buy the products back.

Some shops will buy back when you have the invoices to prove that you buy from them.  They will give you a higher premium over spot.

However, do not expect the same premium.

That means when you buy at a 20% premium over spot, you are likely to get only 10% premium over spot for selling back to them.

You have to keep it in good condition too.  Best to keep it in original, unopened condition.