Have you ever wondered why gold was chosen to be the foundation of material wealth? One obvious reason is the rareness of gold, which is necessary if you are going to base a global economy on a metal. Every nation has its own stash of gold bullion, which is typically cast into 1kg bars and this forms the basis of their currency printing.
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It is not often that people give much thought to gold bullion, but it is a fascinating topic. Gold bullion comes in many different shapes and sizes, and there are a lot of confusing terms associated with it, but what does that mean for you as an investor or collector?
Globally Recognised Gold Bullion Weights
As you would expect, gold comes in many different forms – bars, ingots, coins and even figurines and trophies. One slightly confusing aspect of gold is that both metric and imperial are used – ounces and grams – but once you get used to that, it isn’t an issue. When you want to order gold in any weight or form, go to gold dealers Brisbane or your city trusts. Make an appointment and take physical possession of your investment. You should insist on 999.9 purity, which is gold in its purest form.
Small Gold Ingots
The smallest would be a 1g ingot; 2.5g, 5g and 10g are also common weights, rising to 20g, 50g, 100g, 250g, 500g and finally, the 1kg gold bar. These would come with a felt pouch or in a felt-lined box for safe transportation and storage.
Large Quantities Of Gold
The standard is a 1kg that is stamped with various marks and is 999.9 pure. Each would be wrapped in bubble wrap or felt, and stored inside a special wooden pallet; one pallet can hold 1 tonne of gold and you can stack the pallets up to six high. The gold bars would be located in such a way that they would not move while the forklift is moving the pallet around, which could potentially be very dangerous.
Which Size Is Best For Me?
If you are private investor who wishes to add some gold to your portfolio, you would be fine with 1-ounce bars, which can easily be stored in a small safe or safety deposit box at your local bank. Keeping your wealth in smaller sizes allows you to liquidate as much as you need to at any time.
Where To Store Gold Bullion?
Of course, gold should be stored in a safe location; many investors have a concealed safe in their home and that is fine, if the amount of gold is not excessive. Others prefer to store their gold in a safety deposit box they rent from their bank branch.
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If you are planning to acquire gold as a form of investment, make contact with a leading gold bullion dealer and register as a user, which brings with it many benefits.