When it comes time to invest, gold bullion is often brought up. Is it better to invest in gold bars or gold coins?
Many people make the mistake of thinking that all gold bullion comes in gold bars. As a result, when people are advised to buy gold bullion, the sales of gold bars rises drastically.
Gold bullion can be found in several different forms. One of the more popular is in the form of coins. There are gold bullion coins on the market, such as the American eagle gold bullion coins that were minted just for the purpose of making gold more easily collectible.
But the real question is “why are so many people more interested in gold coins than bars these days?”
It is true that a lot investors are more interested in gold bullion, in 1 ounce increments like you find in some gold coins. It’s very easy to measure and also easy to transport. People are concerned about what the future holds and want to be able to have something of value on hand that they can easily take with them if it ever becomes necessary.
When deciding whether to invest in gold bars or gold coins, some people feel that gold coins are easier to sell than bars. If you’re buying gold as an investment, it’s important to make sure that you can get cash out of it quickly if an emergency arises.
Whether that moment comes during your retirement or during a crisis doesn’t really matter. The main thing you want to be sure of is that you’ll be able to turn that gold into something of value when you need to.
Selling gold bullion is fairly simple. It can be done through brokerages, online, and scrap gold can be sold in envelopes through the mail (though this is not the preferred method of selling gold).
Gold coin investment opportunities are easy to find. Whether it’s eBay, late night infomercials, the internet, or shopping channels, there is no shortage of opportunities to buy gold coins.
Is investing in gold bars bad then?
Of course not! Gold bullion bars are great as far as investments go, depending on why you’re investing. People have different goals for their investments.
Some people like the large nest egg situated in their security vaults or safely tucked away in safety deposit boxes. It’s comforting for them to know that their stash of gold is growing in value with each passing day and that they will be able to retire comfortably.
These are the people who might be a little more secure financially and aren’t as worried about being able to cash out their gold quickly. They’re investing for the long haul and find gold to be a safe bet, rising in value both today and in the future.
Whether you invest in gold bars or gold coins isn’t really the most important thing. You can begin your gold investment small, or in a big way, depending upon your situation. The important thing is to get some information and experience with gold investing.