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Gold bars

August 31, 2014 by goldadmin

Gold Bars

All gold bullion bars have a few advantages over coins.

The premium markups on bars are less than on coins. For example, as of this writing, a once ounce gold bar is less than a 1 ounce gold coin.

So if you intend on buying a lot of gold, this can add up to significant cost savings.

Another advantage to gold bars is that you can easily acquire higher ounce bars. You can get 1 ounce, 10 ounce or up to 400 ounce bars. (You can’t buy a 10 ounce gold coin!).

As well as the higher ounce bars you get, the cheaper per-ounce price you’ll pay out.

For example, as of this writing a 10 ounce gold bar at GoldSilver is about £4.00 cheaper per ounce – so if you were to buy 10 ounces of gold, the 10 ounce gold bar would be £40.00 less than buying 10 – 1 ounce gold bars.

If you’re looking to buy a lot of gold, bars are the most cost-effective option.

On the other hand, if you are planning to take actual shipment of your gold bars, when you go to sell these back, the dealer will possibly demand having them assayed for purity – which can cost you time as well as money.

An additional benefit (and a way to conserve lots more money) when acquiring bullion bars is that you can easily sometimes acquire portions of gold bars from dealers and have them put in storage for you in a secure, protected vault. There are numerous benefits to this.

First, you save a lot of funds on markups and get your gold for spot plus a really small premium. Secondly, there’s no minimum purchase – so you don’t have to buy a complete bar at once.

Third, the gold is housed for you so the moment you go to sell it back to the dealership, you do not have to have the gold appraised for purity. You can have cash in your account in moments.

You can choose to store your bullion bars in an offshore vault – meaning it’s out of reach – should they ever decide to try and confiscate your gold.
So these are a number of the advantages and drawbacks of buying gold bars.

How You Can Buy Gold Bars.

Irrespective of exactly how you purchase your gold bullion, there is no stamp duty nor VAT payable.
For a guide to how to buy gold bars and gold bullion agents who will market gold bullion, bars, and coins.


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