If you want to make money from precious metals investments,
gold is one of the best choices in the world. You have a couple of options on
the table when it comes to selecting the best ways to invest. Some people
prefer to put their capital in gold coins, whereas others prefer gold bars. In
this article, we’re going to draw your attention towards some of the pros of
each solution. Hopefully, this information will set the record straight and
ensure you make the right investment decisions this year.
The benefits of
investing in gold coins
Gold coins are a fantastic option for investors because the
items are considered legal tender. That means owners can cash-in their
investment at any time in a range of different ways, and as an added benefit British
gold coins like sovereigns and Britannia are capital gains tax free! Coins come
with a face value, and there is always information about purity and weight
printed on the item. Apart from being collectable, gold coins are a brilliant
investment for the following reasons:
●
Coins come in a plethora of different varieties and
designs. That means you can get something that not only holds its value, but
that is also aesthetically pleasing. Many coin owners decide to display their
collections at home and use them as a focal point.
●
Coins tend to contain less gold than bars, and so
investors don’t have to spend quite as much money as they would with the
alternative solution.
●
Coins are often limited edition, and so their value can
increase far beyond the rise in base metal prices. Rare coins will always
become more valuable than mass-produced items.
The benefits of
investing in gold bars
Most gold bars weigh between one and ten ounces, which makes
them much larger than the average gold coin. They tend to come from private
mints in the slab shape we’ve all come to recognise. While gold bars are not
legal tender, they are easy to store, and the items tend to increase in value
quickly due to their size. Investing in gold bars is a wise move because:
●
Storage never becomes an issue. It’s easy to stack gold
bars and store them almost anywhere. However, due to the value of the items,
most investors choose to keep their bars in safe deposit boxes.
●
Most gold bars are 24-carat, and so investors don’t
have to worry about lower purities. Still, if anyone has concerns, there are
methods for testing the gold that will show exactly how clean and pure it is.
