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Physical Gold: Coins: Buying gold coins is a popular way of investing and holding gold. Typically bullion coins are priced
according to their weight, with little or no premium above the gold price. Some of the most popular bullion gold coins are the South African Krugerrand, the Canadian Gold Maple Leaf, and the Australian Gold Nugget. All these coins are popular because they contain exactly one troy ounce of gold. Other popular one ounce bullion coins include the American Gold Eagle, the Chinese Panda, and the Austrian Philharmonic. Other gold coins which are used as bullion coins include the British Gold Sovereign, and the Swiss Vreneli, but these are much lighter than one ounce, making it difficult for an inexperienced person to know their value. Also available is the Gold dinar which has Islamic significance. Bullion: Without question the most traditional way of investing in gold is by buying bullion gold bars. In some countries, like Switzerland and Liechtenstein, these can easily be bought or sold over the counter of the major banks. Bars are available in various sizes. In Europe these would typically be in 12.5kg or 1kg bars (1kg = 32.15072 Troy ounces), although many other weights exist, such as the Tael, the 10oz or 1oz bar. Some European banks, particularly in Austria, Liechtenstein, and Switzerland have gold counters where bullion gold bars and coins can be bought and sold tax free, depending on an individual's circumstance.
Alternatively, there are internet bullion exchanges and storage providers, such as BullionVault. |
