Most dealers offer a lower premium per ounce (or whatever unit of weight you measure) when you buy a certain amount of ingots at a time. This concept generally applies regardless of the type of gold you buy. Hong Kong could be the country with the cheapest price of gold in the world. You can go into several banks and buy gold coins, often at a lower premium compared to other countries.
Buying physical gold bars online is a fairly simple process. A common way to buy gold bars is through authorized online retailers. Look for gold bullion products on reputable retail websites, such as American Precious Metals Exchange (APMEX), JM Bullion and Wholesale Coins Direct. Select the gold bars you want to buy by weight, quantity and price.
By buying Good Delivery gold from the professional market, you save at least 7% on the cost of small coins or ingots. And when you sell, you'll also get the best price, because Good Delivery gold is the only gold you can easily sell in professional markets around the world, where sales prices are higher. The main reason why gold cartridges aren't the cheapest way to buy gold is because they're not as popular, so private mints don't sell enough cartridges to bring the price down. By contrast, the one-ounce Canadian gold coin shaped like a golden maple leaf is popular, recognized, and comes from an official government mint.
In the case of a 1-ounce Canadian golden maple leaf, you'll get an ounce of gold backed by the Canadian government. For large gold investors or traders, gold bars may be a good investment and one of the cheapest ways to buy gold, but for the individual investor, due to the things mentioned above, they may not be a good investment. At first glance, gold bars seem to be the cheapest investment when buying gold; however, unlike buying gold coins, a person would not get a discount if they bought in bulk. The cheapest way to buy gold is to buy it in ingots, krugerrands (a South African gold coin) and sovereigns.
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