IMPORTANT TIPS FOR INVESTMENT IN GOLD BISCUIT
- Available weight options for buying gold bars:
Gold bars come in weights starting from as little as 0.5g and go up to 1 kg, with 5g, 8g and 10g bars being popular choices with most people. It is essential to weigh factors such as your budget, investment, and liquidity goals before you make your decision. Bars of a higher weight are cheaper to purchase, but lighter ones are easier to liquidate on short notice.
- Lower making charges and premium involved in gold bar investments: It makes sense to invest in a gold bar because bars come with a lower premium attached to them. The premium you pay usually includes making charges and sometimes also includes transportation and refining costs. Since gold bars are much larger in size, economies of scale come into play, ensuring that you get your money’s worth.
- Purity of the gold bar:
Purity is of key importance if you are purchasing gold bars for investment purposes. Make sure that you buy bars that are hallmarked or LBMA-certified. This ensures that you are getting your money’s worth, and places you in a better position when you are looking to sell your gold bar. Also, you must insist on a purity certificate at the time of purchase.
- Storing gold bars:
Since gold bars have a higher worth as compared to coins, and aren’t possible to liquidate immediately, they are difficult to store at home, making alternatives such as lockers a safer option. However, if you wish to store them in a locker at home or the bank and don’t have one already, factor in an additional cost for the same.
- Where to buy gold bars:
Just like with gold coins, it is worth your time and money to visit a few reliable retailers before you make your purchase to ensure that you’re paying the least amount of premium possible. This is all the more important with gold bars because the amount you invest is significantly higher and even a difference of 1–2% can translate into substantial savings for you.
What makes gold biscuits a good investment option?
Gold bars are a lucrative idea for those who have money to invest and are looking to invest in a form that not only offers long-term benefits but is also easy to liquidate. The highlights of investing in a gold bar are:
- Negligible making charges.
- You can invest in gold bars for your family’s financial security, with the intention of eventually converting bars into jewelry or liquidating them when an emergency arises.
- If you are looking for a long-term investment and want to put it in physical gold then gold bars are a suitable tool.
- Easy to liquidate and straightforward to sell which makes gold bars very accessible to all kinds of investors.
- Remember that lower ticket sizes may be easier to sell while a larger ticket size assures minimum wastage – depending on your investment goal, you can make a decision.
Before any investment keep in mind the prevailing acts & laws of your country for this purposes