Gold Bars

Invest in Gold Bars

There are many ways to invest in gold bullion. The most common ways are through the purchase of gold coins and gold bars. Most people are familiar with the sizes of gold coins, since they are very similar to the regular currency that is in common circulation. A 1/10 Troy oz coin, for example, is the size of a U.S. dime, and a 1 Troy oz coin is about the size of an old silver dollar. Gold is so rare and valuable that it doesn't take much to be worth a lot.

Popular producers

Producers of gold bars are Credit Suisse, PAMP Suisse, and Perth Mint.

1 GRAM (.032 Troy oz)

This is the smallest size generally owned for investment purposes. The premium over the “spot price” for these tiny bars is quite high, since the manufacturing process is the same as for a larger bar. The benefit of a small bar is that it makes it easy to liquidate small quantities at a time. These are like the “small bills” of the gold world.

10 GRAM Gold Bar (.32 Troy oz)

The conveniently-sized 10 gram (just under 1/3 Troy oz) gold bar is the smallest bar that still feels weighty and solid when you hold it in your hand.

20 GRAM (.64 Troy oz)

The 20 gram is close enough in size and weight to 1 Troy oz that it can easily be mistaken by someone without much experience holding different bars.

1 Troy oz (31.1 grams)

The 1 Troy oz gold bar is the most common size traded around the world. Even countries that use the metric system still produce bars (and coins) in the 1 Troy oz size, since it is so popular. In the gold business, if someone just says “gold bar,” they are probably referring to the 1 Troy oz size. While we’re on the subject, don’t confuse a Troy ounce (the unit of measure used for precious metals) with the avoirdupois ounce (like your local grocery store or bathroom scale might use). A Troy ounce is “heavier” than an avoirdupois ounce. There are 31.1 grams in a Troy ounce, but only 28.35 grams in a “regular” avoirdupois ounce. This bar is about the same size as a military dog-tag, but a bit thicker.

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