Gold Advice For Those Looking To Invest
Everyone knows that the current situation of the global economy is not bright at all, and that in one way or another, money problems are just around the corner for either the rich, the poor or the middle class. So everyone is looking for a way to counteract the effects of the economic crisis. One solution, which at this point seems the best of all, is that of investing in gold.
Most people who decide to invest in gold choose either gold sovereign coins or small bars. Both categories come in various weights, purity and prices, so the offer is quite rich. Gold is measured by troy weight or grams and most of the times it is alloyed with other metals. Its purity is also shown in decimal figures varying from 0 to 1 millesimal fineness. If you see gold marked with 0,995 it means that it is extremely pure. However, nowadays given the recent advances in electrolytic refining you can get 99, 99 fine gold bullion.
If you consider investing in gold bars you have several variants to choose from. The first is that of pooled bars, meaning that what you get is only a part of a gold bar. In other words several people choose to buy parts of a bar that are pooled together. Pooled bars are not delivered as opposed to 100 and 250 grams gold bars.
The second variant for gold bars is that of 100gr gold bullion bars. This is the classic gold bullion certified exceptionally pure (999.9 purity) with engraved weight, gold content and minting details. It is sold using real-time pricing and it comes with free vault storage or insured delivery. 250gr gold bullion bars are your third option. They too are certified exceptionally pure and have the weight, the gold content and the minting details engraved on them. When purchasing these bars you benefit from free vault storage and insured delivery just as if you were buying 100gr gold bars. On the other hand if your budget allows it you can go for 500gr, 1 kilo or 12.5 kilo gold bullion bars.
If gold sovereign coins are on your mind then you should know that they too come in various sizes. The Queen Elizabeth II (QEII ) Gold Sovereign Coin contains 7.3224 grams of actual gold which is 0.2354 troy ounces. It is made out of 22 carat gold which is 91.67% pure. It weighs 7.9881 grams and it is 1.52 mm thick. The Queen Elizabeth II Decimal sovereign gold coin is a classic collector’s piece from the official royal mint production line after 1971. It weighs 7.3224 grams of actual gold which is 0.2354 troy ounces and it is made out of 22 carat gold with 91.67% purity. Its weight is of 7.9881 grams with a thickness of 1.52 mm. The Queen Elizabeth II pre-decimal sovereign gold coin comes from the official royal mint production line before 1971 and it is your third option as far as investing in gold coins.