1 Oz Gold
1 Oz Gold Coins and Bars are an Excellent Investment
1 Oz Gold
1 oz gold coins, bars and bullion’s, are offered for sale by a variety of entities. This gives the average person the opportunity to own a piece of gold and invest in a precious metal. The cost of that 1 oz gold is the current price of gold. The 1 oz gold coins are measured in troy ounces, which equals 33.93 grams.
An advantage to buying the 1 ounce gold Eagle coins is they are eligible for the precious metal individual retirement accounts. It is also an excellent way to diversify investments and create wealth. The gold Eagle coins have been produced by the U. S. mint since 1986. The weight, purity and gold content, come with a guarantee by the United States government.
The 1 oz gold coins are 91.7% gold, 5.3% copper and 3% silver. The combination of materials makes the gold coins scratch resistant. Due to the addition to the copper and silver, the actual weight of the coin is slightly over 1 ounce.
The Bank of Switzerland offers a 1 oz gold bar, known as the Credit Suisse One Ounce Gold Bar Advantage that has become highly coveted throughout the world. Investors refer to them as liquid gold investments that are easy to buy and sell. The Credit Suisse Gold Bars are 0.999% gold and are IRA precious metal friendly. The gold bars are stamped with a unique serial number making them safe for buying and selling.
1 oz gold bullion can also be purchased from gold dealers either in person or via the Internet. They often sell gold bars and coins. Gold jewelry and other gold items are not considered gold bullion. Before exchanging your hard earned money for gold, be sure you are dealing with a reputable dealer. Look for gold in shops that specialize in precious metals. A reputable dealer will post their sell and buy prices. They will have a fairly good size quantity of gold coins, but may only have a few gold bars in their inventory.
The selling prices are typically based on the selling price of the day. Expect to pay a small percentage to the dealer for the purchase of the gold. If you are buying gold in quantities over $1k, there is no sales tax on the gold in some states. Some dealers may even offer no fee deals and even discount the cost of gold for large purchases. If you are buying gold bars, inspect the bars and make sure they are in good shape, with no dents, pock marks or skids.
If the purchased gold bars or coins will be shipped, inquire about and be sure to purchase insurance for the full value of the gold. Some dealers will insure the purchase and ship at no cost to the buyer if the gold is purchased in large quantities.
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1 oz gold bars can also be purchased over online auction sites such as eBay. Purchasing gold in that manner is quite risky as the buyer does not see the gold be purchased, only a picture.
