Gold bars are a wonderful option when looking to build your gold investment portfolio. You can buy gold coins that offer aesthetic appeal and portability, but 1 oz gold bars tend to be the real stalwart gold bullion. You can invest in this precious metal at the lowest gold spot price and potentially get significant returns on your investment.
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What Will I Learn?
- What Are Gold Bars?
- Here Are the 5 Best 1 oz Gold Bars to Buy
- Are 1 oz Bars a Good Investment?
- Considerations When Buying a 1 oz Gold Bar
- Which Type of Gold Bars are Best to Buy?
- Which Is Better, Gold Bullion or Gold Coins?
- How Much is One Ounce of Gold Worth in Grams?
- Final Thoughts
What Are Gold Bars?
Anyone wishing to purchase gold sovereigns should consider gold bullion bars. Investment-grade gold is either gold bullion or gold coins. Gold bars are minted like coins in different weights and sizes. However, the one ounce gold bars are more popular for being easy to transport and store.
Before hitting the market to build your bullion investment, you must understand the best how to look for the best gold bars.
Here Are the 5 Best 1 oz Gold Bars to Buy
Here are our top 5 picks for the best 1 oz gold bars to buy for your investment.
Valcambi Gold Bar
Valcambi Suisse is among the oldest refiners in Switzerland and is popular across the world for its highly innovative products. The company’s one once gold bullion bars are a great investment option compared to gold coins. It has a revolving square logo of the company, metal content, weight, and purity. Each bar also has an essayer’s mark and a serial number.
The reverse face of this gold bar has a simple engraving of “Valcambi Suisse.” This is positioned vertically on the left. Each gold bar ships in tamper-evident packaging. The package also includes an assay card to easily verify the bar’s purity, weight, and serial number.
Lots of 25 come in mint-issued boxes
Contains 1 Troy oz of .9999 pure gold
Features Volcambi corporate logo
Shipped with a sealed assay card to validate the authenticity
Each bar has a serial number
Eligible for use in IRAs
Credit Suisse Gold Bar
Credit Suisse was founded over 150 years ago and still operates today. This company started operating in 1956 to fund the construction and expansion of the railroad system connecting Switzerland with neighboring European countries.
Today, the company is among the largest financial entities interested in the precious metals industry. Among its products is the 1 oz CreditSuisse gold bar. This comes with the company logo engraved at the top.
The bar’s weight, metal content, and purity are more engravings on the side. The assay’s mark and bar serial number are also on this face. Its opposite side has the block logo of Credit Suisse stamped in a repeating image at a 45-degree angle.
Each gold bar ships in tamper-evident packaging. It includes an essay card for verification of purity, serial number, and weight of the gold bar.
Great for sound and reliable investment
Contains 1 oz of .9999 pure gold
A wise addition to your investment portfolio
Eligible for IRAs.
PAMP Suisse Fortuna Veriscan Gold Bar
PAMP Suisse is a Switzerland-based company that was founded in Ticino in 1977. This company today is part of the Geneva-based MKS Group. The company has been in the industry for over 50 years.
This company is recognized for its innovative products and state-of-the-art technology that curtails the counterfeiting of valuable metals. Veriscan is unique technology from the company to beat counterfeiting. This idea was to record and catalog a unique fingerprint on each gold bar surface.
Today, a one ounce PAMP Suisse Fortuna Veriscan gold is a wonderful investment. Fortuna is a Goddess of fortune among the Romans and personifies luck.
The gold bar has Fortuna blindfolded, having a cornucopia on the head. Her clasped hands are depicted capturing the overflowing riches from the cornucopia. The bar’s reverse side has the corporate logo, bar weight, purity, metal content, serial number, and assayer’s mark.
Ideal for precious metals IRA
Beautifully minted ingot with a Fortuna design
Each bar is authenticated in the Veriscan database
Arrives in tamper-evident packaging
Perth Mint Gold Bar
Perth Mint from Australia is the world’s oldest operating facility dealing in gold refining. The company initially belonged to the Royal Mint System of the British colonial government. It was later handed over to the government of Western Australia and has no affiliation to the Royal Australian Mint of the federal government.
Gold bars from this company have the official logo that portrays the historic goldmines in the Australian outback. The gold bar comes with security and verification features. Each bar has a serial number on the assay card to verify the product’s authenticity.
CertiCard security features guarantee that the metal bars arrive in excellent condition, as promised in the listing. The security feature uses luminescent UV ink on the packaging to detect tampering. When the packaging is tampered with, the ink activates and reveals a message that the seal is broken.
Each gold bar has a repeating design of kangaroos jumping arranged horizontally. These are the only engravings on the side of this gold bar. The corporate logo and kangaroos have a deeply-mirrored effect. This gives them a distinct appearance to stand out on the bar’s matte finish.
Multiples of 25 ship in a box
Eligible for IRA
Contains 1 oz of .999 pure gold
1 oz Asahi Gold Bar
Asahi Refining is a branch of Asahi Company based in Tokyo, Japan, founded in 1952. The company mainly procured and refined precious metals. Asahi Refining is fairly new on the market, with unique gold bars that arrive in safely sealed plastic packaging with the brand name. Each package comes with an assay card verifying each bar’s serial number.
The obverse side of the gold bar has various engravings. At the top are the Asahi Refining logo, metal content, purity, and weight in Tro ounces. The bottom has a nameplate with the bar’s serial number. Each reverse side for the gold bars is a simple repetitive pattern with “A” and “R” melded together at a 45-degree angle.
Includes 1 oz of .999 pure gold
Qualifies for precious metal IRA
Has identifying markers
Brand new condition
Are 1 oz Bars a Good Investment?
Here’s why 1 oz gold bars are a good investment compared to buying gold coins:
Keep Premiums at a Minimum
A premium is an extra charge above the gold spot price to cover manufacturing costs, packaging, and transport costs. Bullion dealers usually charge investors a small premium percentage to remain competitive. However, there’s no way to avoid the premiums since the dealers buy the gold at a spot price.
Investing in gold bars is smart to keep the premium at the lowest point. This is because the large unit size significantly costs manufacturing costs compared to gold coins.
Enjoy even Greater Flexibility
People who buy gold bullion intend to use it to preserve their wealth and get a good return on their investment in the future. Gold bars such as 1 oz ones are very flexible to release your investment into quick cash. New and experienced investors can buy physical gold in 1 oz to maximize your returns.
Small Investment for Beginners
When investing in precious metals, 1 oz gold bars are a wonderful option. You don’t have to invest a lot in the small gold bars. Additionally, they usually attract the lowest premium and offer greater flexibility to get some quick cash.
Easy Storage and Transportation
One ounce gold bars are easy to store. Finding where to keep your gold bars is not challenging since they fit in a small space. The small size also makes transportation easier. It doesn’t cost too much to move the bars to different locations. They even fit in your personal car.
Considerations When Buying a 1 oz Gold Bar
Before you invest in gold bars, you have to keep some considerations in mind, including:
Potential investors must determine where they are going to keep their gold bars before investing. Although you can keep them at your home safely, keeping them in a safe deposit box with a custodian is better. You’ll have to pay a small fee, but it’s a better way to keep your investment.
Keeping your gold bars or gold coins in your house requires an insurance policy to safeguard your investment. The policy will protect the bars in case of situations such as a fire, flood, or theft. You will enjoy peace of mind that your investment is safe as its value grows.
You must ensure that all gold bars or gold bullion coins you buy are .999 percent pure. The rest is usually metal, such as silver and copper, that enables smelting. You can tell this by checking the physical gold for details such as the name of the manufacturer, such as Royal Canadian Mint, serial number, metal content, and purity. The rule of thumb is to trust popular mints such as Perth Mint, Royal Canadian Mint, and Valcambi.
Which Type of Gold Bars are Best to Buy?
To get the best value when buying gold bars, choose 400 ounces of gold bars and 1kg gold bars. These allow getting more ounces at the same amount of money. This explains why large investors and financial institutions invest in larger gold bars.
At times, you can even get these at Costco.
Which Is Better, Gold Bullion or Gold Coins?
Gold bars are a better investment compared to gold bullion coins. The bar size is one ounce which is greater than that of a gold coin. This size leads to a low premium since manufacturing one bar of gold costs less than a gold coin.
How Much is One Ounce of Gold Worth in Grams?
Before kickstarting your bullion investment, you need to understand the gold market. You have to decide whether to buy gold bars, gold coins, or silver coins. Investing in 1 oz gold bars is a better idea. These come with a low premium, are easier to turn into quick cash, and the investment doesn’t need too much money.