Under normal circumstances, investors often buy gold bars produced by well-known oil refining companies, which can save a lot of expenses and procedures in the future. If it is produced by an unknown enterprise, the gold buyer will charge the analysis fee. The gold bars sold by internationally renowned gold merchants are all packed in sealed bags. In addition to the gold inside, there is also a reliable seal certificate. It will be much more convenient to sell without opening gold bars.
: 1. What is a gold bar?
The investment varieties in the gold market are mainly divided into physical gold investment and gold investment derivatives derived from physical gold. Derivatives mainly include gold futures and gold options, and physical gold investment mainly includes gold bars, coins and gold jewelry.
Gold bars originated from ancient currency circulation and were mostly used in the fields of collection and investment. All the major banks and financial institutions in the world reserve and circulate their own signature gold bars, such as the standard gold bars of Shanghai Gold Exchange.
Gold bars are divided into ounces of gold and grams of gold. The international gold bar is 400 ounces (12.5 kg).
Two: What is the value orientation of gold bars?
Gold bars are similar to gold coins. Mainly divided into commemorative gold bars and general investment gold bars. The issue price of commemorative gold bars is generally higher than the value of their gold raw materials, and the price is generally fixed. For example, China New Year's gold bars and 2008 Olympic gold bars are special commemorative gold bars.
The main difference between ordinary investment gold bars and ordinary gold coins lies in the specifications. There are four typical common gold coins: 1 ounce, 1/2 ounce, 1/4 ounce and1/0 ounce. The specifications are generally small, but there are also 1 kg, 10 oz, 2 oz and 1/20 oz gold coins; The specifications of gold bars are larger than those of gold coins.
At present, China gold investors often have cognitive biases when choosing gold bars and coins. I think as long as gold bars and coins have the same price, quality and investment function, they are not.
In the pricing mechanism, the prices of commemorative gold bars and commemorative coins are basically fixed, but they already contain a high premium, which is usually more than 10% higher than that of international gold raw materials. It is not recommended for ordinary investors who have no collection awareness or knowledge to buy. Buying such gold bars and coins is like buying commemorative stamps. Are you such a collector?
Secondly, the liquidity of such gold bars and coins is poor. Once purchased, it is difficult to achieve an ideal price. Ordinary gold merchants just buy it back as gold raw materials. After deducting related expenses, the repurchase price is usually lower than the price of gold raw materials at that time, so it is difficult for ordinary investors to realize investment income. This kind of gold bars and coins are suitable for collectors, at least for those who have been collecting for more than 3 years. Investors should not buy and sell such gold bars and coins in the short to medium term. For most investors, the first choice for investing in physical gold should be to invest in gold bars and coins, which are lower than the premium of international gold raw materials, and the price changes with the international gold price at any time.