1 gram gold is a good place to start one’s investment portfolio in precious metals. The quantity costs less than US$100, it is easy to store and gives guaranteed returns over the long run. Even if one is investing in a larger quantity of gold, it would be prudent to buy the gold bars and coins in 1 gram gold sizes as they offer more liquidity. That is, one can conveniently sell a 1 gram gold coin or bar at short notice, compared to larger sizes.
Different options of 1 gram gold at gold stores near me
One can buy 1 gram of gold jewelry like an earring or pendant. However, in that size, the purity of the gold will be less than .999. For 24 carat gold, one can only buy investment-grade bullion gold coins and gold bars. When you search for “Find gold stores near me”, look for stores that sell gold bullion too. Mostly, jewelry stores keep gold bars and gold coins, however, authorized gold dealers will have a wider selection of gold bullion that they procure directly from the manufacturers and are not merely reselling it. The advantage of going to “gold stores near me” that deal exclusively in gold bullion is that they sell them at lower premiums, that is the overhead charges of storing, manufacturers’ costs, and packaging.
Know your Mints
In the USA, the largest mint is the U.S. Mint, and they manufacture the American Golden Eagle coin that is highly circulated across the country and the world. Apart from this, there is the Royal Canadian Mint which is largely famous for its Canadian Maple leaf design gold coins. From South Africa’s Rand Refinery, the Krugerrand is also extensively traded worldwide. Pamp Suisse, Credit Suisse, Valcambi, and Austrian Mint are a few of the well-known European brands that trade in gold coins and bars. Perth Mint and People’s Bank of China also issue gold coins and gold bars that are recognized easily.
The advantage of shopping for gold bars and coins from these familiar brand names is that they are easily recognized, and the genuineness of the gold bars and coins can be verified.
Condition of the 1 gram gold bullion
In 1 gram size, whether it is a bar or a coin, they all come packed in tamper-proof assay packages that protect the integrity of the coin or bar. If the cover is damaged, then the value of the gold coin or gold bar goes down and will fetch a lower price. When you search “Find gold stores near me”, ensure that you visit a store that only sells undamaged gold bullion that is secure in its assay package. The assay package makes it easy to store the gold in one’s personal vault or bank too. The coin or bar will have a unique design, the brand name of the manufacturer, purity, weight, and year of minting engraved on its obverse and reverse sides.
Whether you purchase 1 gram gold or more, always ensure that you purchase wisely and from dealers you are familiar with.