Gold bars are the most common and traditional way that most people decide to invest in gold. If you live in the right country, you’ll be able to walk in and purchase them from a major bank. Countries such as Switzerland, Argentina, and Canada are a few of many countries where you can take the advantage of this option. If you don’t happen to live in one of these countries, there are bullion dealers who are able to provide the same great service.
Bars are available in several different sizes, which include the most common 10oz, 1oz, 100g, 10g, and 1kg. Many people prefer to purchase bars rather than coins because they have lower premiums. Keep in mind that when you purchase large bars, there is always an inherent risk of buying fake or forged bars.
To avoid such a scam from happening, you will want to use the ‘buy and hold method’. In this event, the bars will be held and kept safe in the London Bullion Market, also referred to as LBMA. When you’re purchasing gold bars, keep your eyes open for scams of any kind. You will be surprised at the lengths that people will go through just to get over on another person.