100 OUNCE GOLD BARS
It is true that the most popular form to purchase gold in is 1 ounce gold coins. What about 100 ounce gold bars? Naturally, if you are purchasing a massive sum of gold, this would be a great option due to the low premiums but how do you acquire one of these bars?
Patriot Gold Supply proudly supports the United States Veterans. We give back a portion of our proceeds each and every year to the Wounded Warrior Project to aid those who are in need.
How Common Are 100 Ounce Gold Bars?
As you may expect, the most common method to purchase gold is the 1 ounce gold coin. Undoubtedly you or someone you know has purchased one or many of these. After all, these coins are commonly circulated, traded, bought, and sold. For example, you can walk right into any gold store or coin store and receive an offer within seconds for your coin. That is, this coin is extremely easy to liquidate.
However, you may be looking to purchase a larger sum of gold. Granted, as you purchase larger sums of gold, you are creating a situation where it may become more difficult to liquidate the gold. On the other hand, if you will not be in any rush to liquidate the gold anytime soon, you will be paying far less in premiums. In short, each transaction has a premium on it so that the dealer is able to generate revenue. The less transactions that take place, the less premiums are charged.
Naturally there are pros and cons to both 1 ounce coins and 100 ounce bars. Yet, due to the sheer price tag of the 100 ounce bars, they are fairly uncommon. Additionally, 100 ounce bars are not commonly created. The common sizes are 1 ounce bars, 100 gram bars, 1 kilogram bars, and 12.4 kilogram bars. The 12.4 bars are 400 troy ounces and the 1 kilogram bars are 32.15 troy ounces. For this reason, our clients who are looking to purchase 100 troy ounce gold bars often purchase 3 1 kilogram gold bars.
Who Should Buy a 100 Ounce Gold Bar?
Ultimately, these gold bars demand a specific investor. In other words, these bars require someone who is looking to stack a lot of gold in a small space. Contrary to 1 ounce coins, these bars are not easy to liquidate. Therefore, if you are looking to liquidate this gold or would like to only sell small portions of this gold, it may not be the best option for you. On the other hand, if your goal is to take a huge sum of money and store it into precious metals for a long period, this may be a good option for you.
Where Can You Purchase a 100 Ounce Gold Bar?
As we mentioned earlier in this article, these 100 ounce bars are not easy to come by. Although purchasing them is not impossible, it may prove to be difficult to source. This is why it is important to have a relationship with your gold dealer. If you are passionate about purchasing this specific size of bar, it may take your dealer a little bit of time to source.
An alternative option for these bars would be to purchase 3 1 kilogram bars. This is what the majority of those who are looking for 100 ounces do. It is the easiest way to acquire this amount of gold. At the end of the day, you are purchasing gold for its intrinsic value. These bars are not purchased for their rarity or unique difference from other bars.
Why is a 100 Ounce Gold Bars a Good Option?
In summary, these bars may be a good option for you if you are not looking to sell them any time soon, you want to make a large purchase of precious metals, and you don’t want to pay a high premium. At the end of the day, it does in-fact pay off to buy in bulk. You just have to make sure that the timing is right for you.
After all, you don’t want to find yourself in need of cash and not able to liquidate the gold. For this reason, many prefer to purchase large sums of 1 ounce coins. In the end, if you can find one and are in the right position financially, these bars may be the perfect option for you.
Who is Patriot Gold Supply?
Patriot Gold Supply was started because we wanted to create a way for Patriots to invest into real assets while also giving back. Our main mission is to help everyone to obtain precious metals and to help our United States Veterans. As you may have seen at the top of this article, we are powered by Schiff Gold. We searched thousands of different organizations and Schiff has proven to have the best track record for customer service and pricing.
Furthermore, Schiff Gold has negotiated a deal with Patriot Gold Supply to provide you with a steep discount on gold and silver. This allows you to purchase precious metals at a bulk price which is cheaper than buying directly from Schiff Gold and most gold stores.
Sooner or later, inflation will hit a level where each and every person in the United States will have wished they had purchased precious metals. For this reason, we have set out to get gold and silver in as many hands as possible. Due to our incredibly low rates and the impressive service provided by Schiff Gold, we have been absolutely slammed. You can reach our Lead Broker by dialing (888) 959-1776. If you are not able to reach them on the first call, please fill out the form on this page. One of our staff members will be in touch with you the same day.
We look forward to speaking with you!
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Patriot Gold Supply Proudly Supports The Wounded Warrior Project