What Investors Should Know Before Buying Their First 1 oz Gold Bar

Purchasing your first 1 oz gold bar is no small feat. This tends to be the point that makes one transition from a curious saver to an accomplished gold investor. In any kind of investment, having some information up your sleeve pays off, especially for as valuable an asset as gold.

If you are thinking of adding 1 oz gold bars to your investment portfolio, here are some factors to consider before making the purchase.

1. Purity Matters – Look for 99.99%

Most respected mints are producing 1 oz gold bars that contain .9999 gold, which is often written as “four nines fine.” This fineness of gold matters for two reasons:

• This guarantees that your gold bar is known globally
• Raises liquidity if you are planning to sell

Carefully check the mark of purity and use only ingots from reliable refiners.

2. Select a Trusted Mint & Refinery

Gold bars are not created equal. An important factor that gives it recognition and resale value is the mint that mints the gold bar.

Some of the most respected mints that produce 1 oz gold bars are:

• PAMP Suisse (Fortuna, Rosa, Lunar Series)
• Royal Canadian Mint
• Asahi Refining
• Valcambi Suisse
• Credit Suisse
• Perth Mint

These mints are delivered with their bars available in secured packs, assay certificates, and an esteemed reputation, ensuring authenticity.

3. Understand Premiums Over Spot

One of the first surprises for new gold investors is the difference between the gold spot price and the cost of the gold bar. This difference is called the premium.

Premiums include:

• Mining
• Refining
• Packaging
• Distribution
• Dealer costs

1oz Bars often come with competitive price premiums above the cost of the actual gold, making them an attractive entry point for new investors.

4. Verify Authenticity Features

Modern gold bars contain many security features that ensure they are not copied. These include:

• Serial numbers
• Assay cards
• Micro-engravings

Purchasing the gold bar from an authorized gold dealer such as AU Bullion guarantees that the gold bar is completely authentic and certified.

5. Decide How You’ll Store Your Gold

For 1 oz, the bar size is small but not super small. Before you buy one, think about how you intend to keep it:

• Home safe
• Bank Safety Deposit Box
• Private Vaulting
• Secure Storage Facility

Whatever your decision, therefore, make sure your gold is secure from theft, damage, and loss.

6. Understand Your Exit Strategy

A SMART investment requires an individual who knows how to buy as well as how to sell.

1oz gold bars are easily sellable due to the following reasons:

• Widely recognized
• High purity
• Easy to Authenticate

In either case, whether you go through the process of selling back to the AU Bullion store, the entire process is usually quick and easy.

Why Buy Your First 1 oz Gold Bar from AU Bullion?

Whether you are new to gold or an existing client of AU Bullion, clients are provided with some of the most affordable premiums available for such products in the Canadian and the United States markets, coupled with an extensive assortment of gold and silver bars produced by the most respected mints around the world.