Since the beginning of this century, gold bullion bars have become increasingly popular with American investors as a preferred format for buying gold. With a variety of gold bar sizes to choose from, investors of all types can find the right fit for their personal investment strategy. This article reviews general factors and commonly asked questions to help you determine the best size gold bar to buy.
For many gold investors, we believe the 10 oz bar of gold is the best weight to buy, and here is why. Because gold is an exceptionally valued metal in relation to other natural resources, a small amount of gold packs extraordinary value; this extraordinary value is the reason that the fabrication of gold bars must be so precise in weight and purity, and thereby, bars generally have greater premium cost per ounce in smaller sizes. Simply put, smaller-sized bars are more expensive to buy per ounce, so in the end, you will own less gold per dollar invested.
With this in mind, for most investors, the 10 oz gold bar in hand isn’t too large and not too small, making it the sweet spot for an average investor considering a significant gold investment. The 10 oz bar is highly portable, extremely valuable and easily stackable, yet quite economical to produce and distribute. Tiny gold bars under one ounce are the worst to buy for bullion investment value. To think about what type of investor tends to select which bar size that fits his needs, see below.
Institutional Investor: 100 oz Gold Bar
Affluent Gold Investor: 32.15 oz, 1 Kilo Gold Bar
Serious Gold Investor: 10 oz Gold Bar
Moderate Gold Investor: 1 oz Gold Bar
Collector-Investor: Under 1 oz and other less popular sizes
The beautiful thing about the 10 oz gold bar is how nicely it fits in your hand. Many of the ten ounce gold bars are about the dimensions of a credit card but almost as thick as an ordinary pencil. The average person could hold a half dozen in their hand without difficulty. There are longer gold bars, which tend to be more portable in hand.
Take a look at how these two popular shapes compare:
| Height | Width | Thickness | |
|---|---|---|---|
| Credit Card Shape | 60.0mm | 35.0mm | 7.7mm |
| AVERAGE | 76.4mm | 38.4mm | 6.1mm |
| Long/Tall Shape | 92.8mm | 41.7mm | 4.5mm |
For the typical serious gold investor, the 10 oz gold bullion bar will be the best choice and seems to be the best gold bar to buy. It affords the best combination of compact size and lower cost premiums over its gold melt value. There is nothing quite as pleasing as holding a few 10 oz bars of gold in your hand. Whether for home delivery or secure depository delivery, you will find the 10 oz bar of gold a perfect fit. Contact a Monex account representative to learn more about investing in 10 oz gold bars today.
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