Should I Buy Gold Shots, Bars or Coins?
Other People Are Reading
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Gold Shots and Coins Are More Liquid
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Gold coins Due to the lighter weight of gold shots and coins, they are marginally less expensive than gold bars and are easier for casual investors to purchase.
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Gold Bars Are in Higher Demand
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Gold bars The industry prices gold according to the weight of 1 troy ounce. Gold bars generally come in weights of 1, 5 and 10 troy ounces. As a result, investors and gold traders alike prefer gold bars over coins and shots because they are easier to deal with. The higher number of coins and shots required to equal a troy ounce, along with the varying locations of origin and the quality of the gold pieces in question, makes them a nuisance for investors to manage.
Bottom Line
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Gold bars Gold bars are the best investment choice because they are more desirable to high-volume and professional investors who would be the ones purchasing your gold if you decide to sell it. Investing in the preferred industry standard is the safest bet.
References
- Photo Credit Heap of gold image by Artisticafoto from Fotolia.com Gold coins image by Dmitriy Lesnyak from Fotolia.com gold plates image by peter Hires Images from Fotolia.com gold biscuits image by peter Hires Images from Fotolia.com
