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Types of Gold Investment

We at Bucknor & Grandels are not financial advisors and as such cannot provide financial or investment advice. Notwithstanding, because of our experience in the industry, we can recommend the best gold investment for you to buy considering your investment requirements. There are different gold products available in the market and no one product is universally best for everyone. Options are available to different people depending on factors such as price, flexibility, ease of sale and location. Some of the bestselling types are as follows: 

1oz Kruggerand Britannia 1kg Gold Bars Sovereigns & Fractional Gold Jewellery Store Place An Order Sell To Us

1oz Kruggerrand

The 1oz South African Krugerrand is a popular investment for first time gold investors. First made in 1967, its popularity has grown. The Krugerrand usually has a lower premium over the gold price than other 1oz gold coins or indeed any gold products of similar size. The Krugerrand is recognized throughout the world and is extremely easy to buy and sell because of its prestige and ease of verification. As the gold price is always quoted on the market per troy ounce, it is easy to monitor the fluctuation of the one ounce Krugerrand. These coins are usually the most cost effective way of buying physical gold for a private investor.

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The 1oz Britannia is the British equivalent of the 1 oz Krugerrand produced by the Royal Mint. Unfortunately, as it is made in smaller quantities than the Krugerrand, it tends to have a slightly higher premium than the Krugerrand. The one advantage over the Krugerrand is that the Britannia as a legal tender coin.

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1kg Gold Bar

For large investment (N6,000,000+) then the 1 kilo gold bar could be the most viable option. Due to the considerable size of this item, these bars tend to be the product with the lowest premium that bullion dealers will sell. The 1 kilo gold bar is equivalent to 32.15 troy ounces and usually works out a much better deal than buying the same amount in 1 oz portions.

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Sovereign & Fractional Gold

Another way to buy and sell gold bullion is in the form of British Sovereigns. A Sovereign weighs 0.2354 of a troy oz (just under ¼ troy oz). Owing to their smaller size, they tend to have a higher premium than the 1oz coins. However, they usually cost a lot less than gold bars or other coins of similar sizes, meaning they are the cheapest way to buy and sell relatively small amounts of gold. The main benefit of buying Sovereigns over larger units of gold is the increased flexibility when selling, enabling you to sell smaller chunks of your overall gold investment. Another added benefit of Sovereigns is that owing to their legal tender status.

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