Tuesday, August 16, 2016

Gold Bullion Products

October 31, 2009 by · Leave a Comment 

Gold bullion products are investment-grade items that are used for wealth preservation and potential growth, and today’s global market trades with gold bullion products like one-ounce, and ten-ounce, 24-karat bars, or bullion coins that are minted in either 22, or 24-karat purity. Novice investors are initially more comfortable with gold bullion products, because their prices generally tend to hover just above the current gold spot price, which is the cost of one troy ounce of pure gold. 24-karat bullion bars’ prices are closest to the spot price, and these items are typically used for potential short-term gains, as less costly diversifications for rare coins like $20 Lady Liberty’s and $20 Saint Gaudens, or as long-term, government-approved, precious metal IRA contributions.

Bullion coins’ prices are only slightly higher than bar prices, but many people prefer their beauty and artistry to the uninspiring uniformity of lifeless, bullion bars. 22-karat South African Krugerrands, British Sovereigns, and American Eagles, are all globally popular short-term, and diversification investments, but American Eagles are the only 22-karat bullion coins that are permitted for gold-backed IRA storage. American investors can store 24-karat bullion bars in their IRA’s, and government-approved brand names include Engelhard, Johnson Matthey, Credit Suisse, and PAMP Suisse, for guarantied purity. Rare coins like the aforementioned Liberty, and Saint Gaudens are not permitted for IRA storage, so investors supplement their holdings with 24-karat bullion coins like American Buffalos, Canadian Maple Leafs, Chinese Pandas, Australian Kangaroos, Koalas, and Lunar coins, as well as Austrian Philharmonics. Investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on bullion bars and coins.

Danny Burns

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