Hi,
While there are many things to consider when buying your first gold bar, one of the biggest questions on every new gold investor’s mind is: what size gold bar should I buy first?
Well, the answer to that is: there is no one answer to that. The best gold bar for you is based on your needs and how you want to go about investing in gold.
Start With Your Budget
Let’s start with one thing: how much money are you willing to spend on your first gold bar purchase?
While some people want to start with a smaller purchase, others want to start with a larger purchase. Fortunately for all gold buyers, there are many different sizes of gold bars to choose from.
For first-time buyers, smaller gold bars can be less overwhelming.
Smaller Gold Bars: Great for Beginners
For first-time buyers of gold bars, gold bars that weigh 1 gram, 2.5 grams, 5 grams, and 10 grams are often the best choice.
Why? Because they are:
- Less expensive to purchase upfront
- Easier to store
- Easier to resell
- A great way to start building up your gold stack over time.
For first-time buyers, purchasing a smaller gold bar is often one of the best ways to go because it allows new buyers to get used to purchasing gold without making too big of an upfront financial commitment.
Many people prefer to start with one of these gold bars because it gives them the flexibility to purchase more gold later on.
1 Oz Gold Bars: A Strong Next Step
If you can afford it, a 1 oz gold bar is a very good investment choice.
It’s a good balance of size and premium, which means you’re getting a better price per gram than you would with a smaller bar. For many investors, this size is the sweet spot.
It’s also a very recognizable size in the world of gold investing, which can be a big plus for those looking to stack their gold over the long term.
Should You Buy Small or Buy Bigger?
It all comes down to what you want to do.
If you want to have more flexibility to sell the bars in small increments later, then small bars might be the better choice. If you want to save money per ounce, then bigger bars are the clear winner. Not only will you save money, but you’ll also save space, as bigger bars weigh more than smaller ones. The reality is, many investors do a little of both. They start off with small bars and then begin to add 1 oz bars as they gain more experience and budget.
What Many First-Time Buyers Choose
For many new investors, the best choice for a first purchase is a 5 gram or 10 gram gold bar.
It’s large enough to feel like you’re investing in something, but small enough to allow you to diversify your investment over time, rather than waiting until you can save enough for a bigger bar.
Final Thoughts
The best gold bar for a new investor is the one that you can actually purchase.
Whether it’s the 1 gram bar, the 10 gram bar, or the whole 1 oz bar, the most important thing is to build your position in physical gold in a way that feels realistic and doable for you.
We at AU Bullion have a wide selection of gold bar sizes to help new buyers and seasoned investors find what they’re looking for at competitive prices.
