Hey guys, I know this questions may have been asked a lot before What size of physical gold is the most popular and the best to hold? Both in terms of premiums and the ease to liquidate when (and if) gold price skyrockets. Also the same question whether it's best to get bullions or coins, minted or cast. For silvers I've done a lot of research before and went with the kilo bars, but what's the best option for gold? Sincerely appreciate any help with this!
1 oz cast bars are the best bang for your buck. If buying certicard gold, make sure you get it XRF if buying privately
Sovereigns, definitely sovereigns If i found a hoard of 10000 tomorrow, i could have them sold in a fortnight
I think Austrian ducats(restrike) and 20 gold Mexican pesos. I could have them sold in any amount,any time....
1oz if you have a lot of fiat (bar or coin), 10g bars otherwise. Although 1/4oz coins are popular too.
Panzershrekt Perhaps a Perth Mint 1 oz Gold coin but 1/10 of an ounce are very popular. The Perth Mint has plenty of bullion gold coins to select from, some have a limited mintage, some have collector appeal. Here's a link to their site and approximate prices. http://www.perthmintbullion.com/au/View-All-Bullion.aspx Here's a link to pdf documents from the Perth Mint where you can see how many coins were minted, the various sizes and names. https://www.perthmint.com/investment-bullion-bars-and-coins-mintages.aspx Please do plenty of research regarding fakes; the Chinese copy everything including, blister pack, certified, tamper-evident cases.
Depends on your requirement for liquidity. If you need to sell quickly fractional (less than 1 oz) is your best bet. But you will pay heavy premiums over spot. If you want a better return on your investment than you need the size with the best spread and you will want larger bars. Perth mint products will always sell fast. Personally, as said above, I prefer the numismatics such as sovereigns, Ducats, Krugerrands, roosters and $200 australian coins ect. Being non 999 gold you will have to factor in GST too. Best to have a mix of all types.
Fractionals. 1/10 and quarter ozs, even grams. I never plan on selling my gold but if I do its in small increments.
I don't know the Australian market, but in the UK I built a business buying and selling small gold and selling through social media. The question you need to ask yourself is this, are you happy selling peer to peer, if so then pay the premium for smaller gold as it will be premium in and premium out, if you want anonymity then buy best bang for your buck play the spot price and sell to a dealer.