Investing in gold jewelry, however, carries many risks that investing in pure gold doesn’t.įirst, you have to be careful about jewelry purchases as not all secondhand jewelry is sold by reputable dealers. You may also opt to buy gold you can wear-or that someone once wore but has been damaged-in the form of gold jewelry. You may be able to find better deals on gold coins from local collectors or pawn shops, but it’s still typically safer to make purchases using a reputable, licensed dealer. That’s almost a 5% markup over a comparable amount of gold bullion. A one-ounce American Gold Eagle coin, for example, retails for just over $2,000 in mid-September 2020.

In-demand collectable coins frequently trade at a premium. Gold coin prices may not entirely align with their gold content, though. Some dealers even sell blanks and damaged or worn coins. Collectible coins, such as South African Krugerrands, Canadian Maple Leafs and American Gold Eagles, are the most widely available type of gold coins. The most common gold coins weigh one or two ounces, though half-ounce and quarter-ounce coins are also available. If you choose to invest in gold with bullion, it’s also a good idea to stay up to date on the price of gold, so you can pick the right time to buy-most dealers update their prices based on current spot prices. And unlike stocks, there’s really no way to get a fractional share of a gold bar.ĭue to gold bullion’s high price, it’s especially important to use a reputable dealer and to pay for delivery-with insurance-or to shell out for storage at a large vault or in a safe deposit box. Given that the current gold price is around $1,900 per ounce (as of September 2020), this makes investing in gold bullion an expensive proposition.

Gold bullion comes in bars ranging from a few grams to 400 ounces, but it’s most commonly available as one- and 10-ounce bars. When most people think about investing in gold, bullion is what they think of-big, shiny gold bars locked away in a vault. The three main options to invest in physical gold are bullion, coins and jewelry. When it comes to physical gold, you’ll generally be interacting with dealers outside of traditional brokerages, and you’ll likely need to pay for storage and obtain insurance for your investment. Investing in physical gold can be challenging for investors more accustomed to trading stocks and bonds online.

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