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Are gold bars good buys?

April 26, 2017bars buys gold good

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Are gold bars good buys?

1 Answer

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10 Posted

The primary reason to buy gold bars instead of the popular gold bullion coins is that gold bullion bars sell at smaller markups over spot than do the popular gold bullion coins. Investors who simply want to buy gold with the smallest markup over spot should consider buying Austrian 100 Coronas or Mexican 50 Pesos, which were the primary gold bullion coins of the 1970s, before Gold Maple Leafs (1979) and American Gold Eagles (1986) were introduced. Today Austrian 100 Coronas and Mexican 50 Pesos are no longer promoted in the U.S. But, because they are no longer promoted, they often carry smaller premiums over spot than new 1-oz Credit Suisse and PAMP gold bars. However, Austrian 100 Coronas and Mexican 50 Peso gold coins are not always available.