Despite the huge recession and tumultuous economy of 2008, the price of an ounce of gold hit $1,000 for the first time ever in the United States on March 13, 2008. Experts predict that the value of gold will only rise from now until 2014. This is great news for people who want to invest in their financial future so that they can protect themselves and their loved ones from debt if another economic crisis were to ever hit again.
When people buy gold to invest in, they usually buy gold bullions or gold ETFs. While many folks will confuse the term “gold bullion” for huge bars of gold that have been seen in popular movies such as Goldfinger, these bars are generally much smaller and are owned by banks and the government.
Gold bullion refers to gold that has been refined and identified with a stamped weight. Gold bullion that is sold for investment must be at least 99.5 percent pure. It also comes in three different types, including bars, coins or ingots.
Gold Bars
Gold bars are exactly what the term describes – bars of gold. This type of gold bullion can vary in size from one or two ounces all the way up to the London Good Delivery bar, which can weigh between 350 and 430 ounces.
Gold Coins
Once used as forms of currency, gold coins are now valuable collector’s items or investment pieces. Gold coins are either called rounds, bullion rounds, or simply gold coins. There are many types of rare and valuable gold coins including the Canadian Maple, the American Eagle, the British Sovereign, Australian Gold Nugget, Chinese Panda, Mexican 50 Pesos, African Krugerrands, and many more. Gold coins are highly sought after by collectors and people who want to add a different kind of asset to their investment.
Gold Ingots
A gold ingot is a mass of gold that is made into a bar or another convenient shape. Gold ingots are sold by weight and purity and are often smaller in size than a gold bar. You can find them as small as one gram. These tiny gold ingots are also referred to as gold wafers.
Why You Should Invest in Gold Bullion
Gold bullion is a very smart investment decision. This is because gold can retain its value even when the value of paper currency goes down. This can help you use your gold investment to make money. You can even use your gold as a form of currency and buy goods with it, such as food.
If you are interested in buying gold bullion, then the best company to get it from is Monex. With over 40 years of professional experience, Monex is able to provide you with excellent service and high quality Monex gold bullion. This will help you make the most of your gold investment.
Gold bullion is worth investing in. If you want to get gold coins, bars or ingots, it is wise to contact Monex to help you with all of your gold investment needs. They will be able to get you the most bang for your buck.
