If you are a novice bullion buyer, then you might be wondering what the best kind of bullion to buy is. While this can vary from person to person, there are certain types of bullion that are more popular than others.
At Globalbullionsuppliers.com we are committed to providing our customers with quality gold and silver bullion that is largely sourced directly from suppliers that deal with each respective mint. This includes products from:
The rest (labelled “our choice” products) that you find on our website are usually bought from the general public or from a supplier that has a sale on more generic products. To ensure quality and that they meet bullion standards, we put all of our products through an internal verification process as well as an x-ray analysis.
This means that no matter what kind of bullion you decide to purchase from us, you can rest assured that you are receiving a quality product that you can count on to be authentic and of the highest bullion standards.
Before deciding which you want to purchase, it’s important to be familiar with the different kinds of bullion. The major forms it comes in are coins, rounds, or bars/ingots, and they are generally weighed by Troy Ounces or in Grams. In Canada, gold must have a purity of 99.5% and silver must have a purity of 99.9% to be considered bullion and to be tax exempt.
You may notice that some gold bullion coins come with a 9999 fineness, which is considered 99.99% pure gold, whereas others come with a 999 fineness, which is considered a 99.90% pure gold. That being said, no matter which form you buy 1 oz of gold bullion in (a coin, bar, or round) you will still have 1 oz of gold bullion.
A bullion coin is a product that gets minted by a government entity, and it has legal tender attributed to it (for example, the 1 oz gold Maple Leaf coin has a $50 face value). While typically the precious metal value of bullion should always be higher than the face value, these pieces do come with a premium cost as the designs are intricate and detailed.
At Global Bullion, we believe any gold coin (which means it was minted by a government entity and has legal tender attributed to it) is a good piece to buy and add to your collection. Royal Canadian Mint coins are particularly popular products because they are known for their 9999 (99.99%) purity and advanced security features.
The Canadian Gold Maple Leaf (GML) is recognized world-wide for its quality and is generally considered the best product to buy by most Canadians. The standard and most popular version is 1 oz but it is also available in 1⁄25 oz, 1⁄20 oz,1⁄10 oz, 1⁄4 oz, and 1⁄2 oz.
Other popular gold coins include the 1 oz American Gold Eagle from the U.S. Mint, the 1 oz Gold Britannia from the Royal Mint, and the 1 oz Gold Philharmonic coin from the Austrian Mint.
Unlike coins, the value of a bar, ingot, or round is based solely on its precious metal content. They are not made for circulation and do not have a legal tender. Generally, they are sold at a lower premium than bullion coin, and as such, are bought at a lower premium as well.
These kinds of bullion can be created by private and non-private mints (government entities). Popular brands include:
The affordability and simplicity of bars, ingots, and rounds, are what makes this type of bullion attractive to investors. They can be purchased quickly at a high volume and lower cost than coins, and they are also easier to understand in regards to value.
This can make them easier to buy and sell as you are simply basing their worth off of one factor: the current gold and silver spot prices. They are also easier to store because you don’t have to worry about preserving intricate designs or special finishes like you would with coins that can get damaged over time if not properly looked after.
The 10 oz Silver Bar from the Royal Canadian Mint is a great choice for silver investors as it extremely high-quality at 99.99% Fine Silver as well as highly cost-effective. This bar is hallmarked indicating its purity, weight, and as well as a secure RCM logo.
The 5 g Gold Bar from PAMP Suisse is .9999 AU and features the popular design of Fortuna, the Roman goddess of fortune, pictured on the obverse side with a cornucopia spilling riches into her hands. The reverse side has hallmarks of the weight and purity along with a unique serial number.
Part of the Lady Fortuna Series, this popular bar is produced by PAMP Suisse, a world-leading precious metals refinery based in Switzerland. It’s widely used as a way to build up investment portfolios.
There are a number of options when it comes to choosing bullion to invest in. At Global Bullion Suppliers, we’re committed to helping our customers purchase quality products at affordable and fair prices. We believe in transparency and are always willing to answer any questions you may have as well as offer friendly advice.
When you visit our store, you’ll be met with friendly faces who are interested in helping and getting to know your interests and needs. We’re not just here to sell to you: we’re also here to share in the wonderful world that is precious metals, and inspire you to build a solid investment portfolio that will carry you well into the future.