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Gold Bars

What to Know about Gold Bars

Precious Metals Investment Group (PMIG) of Texas’ Basic Information on Gold Bullion. Bullion is a French term used to describe bars and ingots of precious metals. Gold bars come in several weights from several different mints. When discussing gold, the leading benefit of bars over coins is that bars run less of a premium than the material's spot price. The cost of a gold bar is the total of costs between the gold's worth and a small premium to cover the cost of its production. Conversely, the price point for a gold coin is dictated by the value of its gold content, a premium for production costs and a premium derived from its collectability. Gold bullion is uniformly produced with 99.9% gold content.

Sizing Gold Bullion

Gold bullion comes in several sizes, with the most common values ranging from a single gram to 10 ounces. While larger bars have been produced, they are commonly stored in the vaults of central banks and governments. Gold bars are typically compact and stackable with availability from various mints. A bar's weight affects its premium; the larger your bar, the less you will pay beyond its spot price. This is the leading reason for investors’ preference of larger bars. That said, smaller bars are easier to divvy up should the investor intend to sell off a portion. The three most prevalent sizes for gold bars are the single ounce, single gram and 10 grams. The commonality and fluidity of these three sizes makes them ideal choices for anyone looking to invest in gold bullion.