Gold Coin Vs Gold Bars - Which One Should You buy?

Gold is undoubtedly one of the most precious metals in terms of sale and investment. Most of the people in the UAE prefer buying gold for a wide range of purposes ranging from buying a piece of jewelry to investing in gold. This yellow metal is not just about glitzy appearance but it is also about valuable savings & returns on the money invested in the yellow metal.

Purchasing gold in the form of gold coins or gold bars is usually done by the customers in the UAE who are looking to maximize their savings. Since the gold rate in UAE, historically, has increased the past few years and it is likely to increase in the coming years. Thus, the gold value never degrades which makes it highly fruitful metal.

But there is one common question that crosses most of the people’s mind whether to invest in gold coins or gold bars. If you are also one of them who is confused then read this article further to make the right decision.

Pros & Cons of Purchasing Gold Bars

For large scale gold investors, gold bars are indeed a smart way of investing in gold. The reason being, these large scale gold bars are available at the affordable costs when compared to their smaller counterparts.

But there is a catch in purchasing gold bars. They don’t have the same saleable nature as smaller ones. This is why your choice of buyer gets limited considering the bigger size and consequently expensive price of large gold bars.

In addition to this, gold bars are large pieces of gold, thus these can also be tough to melt & mold in another shape. This is why it might hold extra charges when a bullion or gold bar owner tries to reselling these bars. Premiums on gold are always increasing thus the value of gold bar also rises. The exact rate of gold bars solely depends on a few market factors.

Pros & Cons of Purchasing Gold Coins

Well, gold coins come after gold bars in terms of the rate at which they come. Besides this one setback feature, gold coins are usually better disposed to be useful in comparison to the gold bars.

Moreover, the primary feature of gold coins is that they are easily available in numerous denominations ranging from 0.5 g to 100 g. Thus, they can be bought strictly in-line with the buying power of buyer at any point of time.

Another significant benefit of buying gold coins is that they can be traded easily due to their small size. Thus, the customer base for gold coins automatically becomes large. In addition to this, gold coins are well-recognized globally thus they are easier to sell.

Recommendation

If you are investing in gold for the saving purpose then we would highly suggest you buy gold bars since they offer the best value for money as your investment. Therefore, you will be getting the highest value of gold. However; buying gold bars may be an apt decision for you but buying gold coins may be the right decision for other investors. Thus, the best way to purchase gold solely depends on the needs and circumstances of an individual investor.