Why Buy from Scottsdale Bullion & Coin
About Gold Bars
Gold bars have been a staple of precious metals investing for thousands of years. These assets are highly sought after due to their impressive stores of value, high liquidity, and inflation-resistant tendency. Like silver bars, gold bars come in a wide variety of shapes, sizes, and designs and are minted by both governments and private mints. When people think of gold, they often immediately envision stacks of gold bars. Despite being well-known, these gold assets aren’t for everyone.
How To Buy Gold Bars
If you’re in Arizona, you can walk into our office during business hours to buy. You can also call in to place an order, use our live chat function, or request a quote directly from our website.
Are Gold Bars a Good Investment?
Gold bars have remained a tried and true option for precious metals investors looking to increase their exposure to gold. They're great assets for any investor seeking to understand the basics of precious metals investing.
Pros
- Come in various sizes for different investing demands
- Provide instant liquidity when needed
- Offer a reliable hedge against inflation
- Ideal for investing large sums in gold
Cons
- Don't offer the collecting or rarity value of some numismatic coins
- More difficult to store due to their larger sizes
- Risk of buying fake gold bars
Gold bars are excellent stores of value that act as a hedge against inflation. However, the investment worthiness of a gold bar depends largely on your investment goals. Click here to get a free strategy session to see if these assets match your objectives.
Gold Bar Value
Gold bars are one of the most established and popular gold assets. Investors around the world use gold bars as a vehicle to own gold. In fact, gold bars have been used as stores of value since ancient Egypt. Unfortunately, this widespread popularity has led to many fraudulent schemes targeting precious metals investors (read: How to Spot Fake Gold in 5 Easy Steps)
The value of gold bars is determined by the value of gold which fluctuates over time due to varying market factors. Still, gold bars' sustained value over time and their impressive performance during times of economic downturn have earned this asset a permanent place in the pantheon of fantastic precious metals investments. Due to their widespread popularity and global demand, gold bars are easy to liquidate.
Although gold bars can vary in size, shape, and design, their value is indicated by weight, the value of gold at the time of measurement, and the purity rating of the bar. The most popular gold bar size is 1 oz although there are several common sizes including 10 oz, kilobars, and 100 oz. The value of a 1 oz gold bar based on today's live spot price of gold is $2,624.51.