The compact size, durability and portability of gold bars allow for a variety of easy storage options. Gold bars can be stacked or stored side by side, with or without protective packaging. A gold ingot can also take up less space than the same amount of ounces in coins, depending on the type of currency and storage method. Your “investment gold” coins must also have been minted after 1800 or otherwise included in a list of acceptable foreign gold coins available from the government.
And as with any investment option, investing in gold coins or ingots has its advantages and disadvantages. However, gold bars are much larger and may not be a perfect option if you are looking for a discrete form of investment. You pay a premium on the price of an ounce when you buy gold coins, which is how the dealer makes a profit. Meanwhile, at the end of March, the auction house Spink & Son presided over a spectacular sale of collectible coins, some of which were gold.
Since King Croesus of Lydia ordered the first gold coin to be minted around 550 BC. C., civilizations around the world have been fascinated by the charm of gold coins, an attraction that is still strong today. Money Reserve's free gold information kit, including special offers, diversification strategies and a guide to precious metals. While gold as a precious metal is often considered a reliable and much better investment than paper currency, it can be quite difficult to assess the best value of gold coins.
While gold bars offer you the best option if you want to preserve your wealth, gold coins offer the best value when it comes to selling. Gold coins have been on the market since at least the Bronze Age, and collecting them is almost as old a hobby. It goes without saying that gold coins are still considered legal tender in the country and you're not expected to pay any taxes for holding them. That's why there is something very satisfying and solid about investing and wanting to buy gold coins.
The idea here is that the value of gold bars is in the gold itself and that can only change based on real-time spot gold prices. By buying gold mining stocks, gold certificates or publicly traded products, for example, you can take advantage of hedging gold against inflation without having to carry heavy gold coins or worry about where to store them. In addition to avoiding the risks involved in relying on the unstable paper currency, investing in gold is a sure guarantee that you will not be greatly affected by inflation or the devaluation of the currency.