Bullion is the general name for pure gold or silver (at least 99.5%) which have been transformed into bars or minted into coins for investment purposes.
For beginning investors looking for an easy way to get started in the precious metals market, gold and silver bars offer a simple solution. The difference between buying and selling price for gold coins is typically 8-10%. You can also get more information about buying & selling gold in Switzerland online.
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Interesting Facts on Gold Bars
According to industry specialists in gold bars worldwide, there are 94 accredited bar manufacturers and brands in 26 countries, producing a total of more than 400 types of standard gold bars between them.
They normally contain a minimum of 99.5% fine gold. Most gold dealers will typically carry the more common gold bar manufacturers to avoid things like fraud.
Interesting Facts on Silver Bars
There are dozens of accredited silver bar manufacturers and brands in different countries. Just like silver coins, they are somewhat easy to find and collect due to their 1-ounce denominations and lower spot price. Most common are the 1, 5, 10, and 100-ounce bars.
For someone just getting started, the 1, 5, and 10-ounce bars are good options to consider. Silver is often referred to as "poor man's gold" but regardless, it remains an easy way to get started insuring your portfolio.