If you’re looking to own physical gold, and pay the lowest possible premium over spot price, you should be looking at gold bars. The term premium refers to an important concept. Premium is the price a commodity like gold commands over its spot price per ounce on the open market.
When you choose to invest directly in any commodity, that asset has to be stored somewhere. Gold and other precious metals are no different. We’ll discuss gold here, but the basic principles apply to any precious metals investment.
Gold bullion coins and rounds are investment-grade products minted solely for investment purposes. Bullion coins are different from numismatic and commemorative coins:
Why Invest in Gold?
Historically, gold has been a stable store of value in times of uncertainty and crisis. Going back to ancient times, gold has retained its value through wars, famine, pestilence, plague, and even the collapse of entire civilizations.
An SDIRA is a retirement savings, or investment account that differs from a standard IRA by allowing a wider array of assets to be invested. This type of account also places the control of the account in the account holder’s hands alone.