If you don’t want to deal with the hassle of buying, storing, and insuring physical gold, investing in commodities like gold can be a good alternative. For instance, 14 karat gold is roughly 58.3% pure gold and 41.7% other precious metals, like silver or palladium. You’ll get more gold from jewelry that’s 18 karats or 22 karats. This is because gold jewelry involves craftsmanship and cachet. Just keep in mind that you may pay more per ounce for gold jewelry than you would for other gold content, such as bars and coins. Unlike other luxury items that decrease in value (such as vehicles, for example), gold tends to increase over time. If you want to own gold and look good while doing it, gold jewelry may be a good option. For instance, the American Gold Eagle coin has a face value of $50, but it’s worth around $2,000 (40 times as much!). ![]() While you can use gold coins as legal tender in some states (such as Arizona, Oklahoma, and Utah), it’s entirely up to the businesses in these states to accept them.Īnd even if you do find a business that accepts them, it’s usually not recommended because the amount of gold in the coin is usually worth way more than its face value. Examples of privately-owned mints are the New Zealand Mint, South African Mint, Valcambi, and PAMP Suisse.Mint, Perth Mint, and Royal Canadian Mint. Examples of government-owned mints are the U.S.However, most people buy them straight from the source: a government-owned or privately-owned mint. You can find gold coins at a number of outlets - coin shops, coin shows, eBay, and even online gold dealers. Gold bullion coins are another way to get your hands on physical gold. Most people store their gold bars in an off-site facility, such as a safe deposit box. If you want to buy gold bars in smaller quantities, look for them at local pawnshops, on eBay, or at a shop that specializes in numismatics. And they always have the weight, purity, and manufacturer’s name engraved on them. Investment-grade gold bars are at least 99.5% pure. ![]() You can even buy fractions of bars if you just want a few grams. ![]() For instance, a one-ounce gold bar may cost around $2,000, while a 10-ounce bar may cost $20,000 or more. Gold bullion is sold by the ounce or the gram. (Rounds are just coins without legal tender.) It comes in bars, ingots, coins, and rounds. Gold bullion is one of the purest forms of gold you can buy. If you like the idea of owning physical gold, buying bullion bars, gold coins, and gold jewelry can be a good option.
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