What are the types of gold I can buy?
The type of gold to buy depends on what you’ll want to do with it. If you plan on selling it later, gold bullion or bars are a traditional medium. If you wish to buy gold for your own enjoyment or for collecting, jewelry or coins are more appropriate. Gold coins and bullion, because of their uniformity, are more likely to be liquidated as needed. When buying and selling gold, prices are set per troy ounce, used for most precious metals. The troy ounce is roughly equal to 31 grams. What types of gold should I buy? When buying gold for investing, bullion, bars and gold stock are the most typical forms. Bullion is considered to be the most stable, trustworthy and guaranteed of all the forms of gold. Because it is so easy to buy and sell gold in this form, most investors choose bullion. Untrustworthy dealers can replicate gold bars, and a non-valuable metal can be shaped into a bar, and then covered in gold. In order to buy or sell gold bars, many investors must pay to prove the quality of
