Why Buy Gold?
Gold has been used in commerce and trade as a store of value, a means of wealth and a medium of exchange for several thousand years. Gold and silver are real, physical money. Gold cannot be reproduced by governments, and has an intrinsic value. There are no paper currencies from from the 1700’s or 1800’s that you can still use today. However, gold, which was used for thousands of years, still maintains its purchasing power today.
Buy Gold Bars
Most gold investors looking to buy gold bullion purchase gold bars. Gold bars are sold in a range of sizes, from 1 gram to 400 Ounces. The most popular size gold bars amongst private precious metals investors are 1 ounce, 100 gram and 1 kilogram sized bars. All investment grade gold bullion bars are at least 999 fine, which means that the bars contain 99.9% pure investment grade gold bullion. Gold bars also have a lower purchasing premium than gold coins.
Buy Gold Coins
Gold investors also like to purchase gold coins. Both gold collectors and investors purchase gold coins – their limited minting and unique designs are popular amongst collectors.
Gold coins, particularly those produced by the Royal Mint, the Royal Canadian Mint, the South African mint and the US Mint, also hugely popular amongst investors looking to buy gold within the precious metals industry. In addition to their gold content value, many gold coins maintain a premium over the gold price. Many gold coins are produced in limited edition, or annual minting, which can add to their value over the spot gold price. Official mints, such as the Royal Canadian Mint, the Perth Mint, and the Royal Mint, manufacture all gold coins.
Although gold coins are typically more expensive (ie they are sold with a higher premium), much of the cost is regained inside their market worth, meaning that gold investors can expect to see the same premium when they sell their gold coins. All gold coins have a legal tender value. In some jurisdictions, this can result in tax benefits, particularly when it comes to capital gains tax on gold bullion.
Precious metals mints produce a range of gold bullion bars and coins. Many mints have developed specialized security features to prevent against counterfeiting. For example, Argor Heraeus patented the technology behind the ‘kinebar’, which is a distinctive hologram design on the back of a gold bar, inscribed by a laser that guarantees the authenticity of the bar.
Below you can find a list of official government mints producing gold and silver bars and coins:
- Austrian Mint
- Chinese Mint
- Mexican Mint
- Perth Mint
- Royal Canadian Mint
- Royal Mint (United Kingdom)
- South African Mint
- US Mint
Privately Owned Mints:
Private Mints exist all over the world, but the most prominent ones are located in Switzerland and the United States. Companies operate private mints, not governments, although some are licensed to produce legal tender coins on behalf of govenments. For example, Argor Heraeus produced legal tender silver coin bars for the Fijian government. Generally, private mints produce gold and silver bars and rounds. Gold and silver rounds are the same shape as a coin, but are not authorised by a government, and therefore do not maintain any legal tender value. Below you may find a list of some of the main private mints worldwide:
- Argor Heraeus
- Republic Metals Corp
- Sunshine Mint
The Gold Price
Its important to consider the market gold spot price when purchasing gold. The purchase price will depend on gold's current market price. Our bullion products (gold, silver, platinum, palladium and rhodium) are calculated by adding a premium on top of the current spot price. The gold spot prices changes all the time, and SwissBullion.ch regularly update their prices in line with the current gold spot market price.