How To Invest In Gold : Buy One-Ounce Gold Bars


Extract from CNN

Eddie Cummings, a gold coin and bullion dealer, says the cheapest way for someone with $10,000 to $20,000 to invest in gold is to buy one-ounce gold bars.

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  • Because bars are a molten lump they tend to cost less than smaller and fabricated gold such as gold coins.
  • “We recommend one ounce bars because you can always sell a portion of an investment holding. If you buy a 10 ounce or kilo bar and you need some money you can’t just sell some of it, you have to sell the lot,” he says.
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    • edzillion
    • May 16th, 2008

    Hi
    I would like to point out some errors in this article:
    One ounce gold bars are *not* the cheapest way to invest in gold. The premiums on e-gold and The Perth Mint Certificate Programme are lower than buying physichal gold. There is an important distinction between physichal and other forms of gold investing.
    Still, even if you were to buy physichal gold, one ounce bars are not the way to go. Buying gold in the form of Kruggerands is a much better option, they have the lowest premiums and are readily accepted since they are the most popular bullion coins.

    For someone who doesn’t fear that the world is going to end anytime soon, my reccomendation would be the Perth Mint Certificate Programme. Their unallocated accounts have zero storage costs, no delivery costs and is AAA rated and backed by the Australian govt.

    Regards
    Ed

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