For gold investors, gold biscuits offer a gold alternative that’s easy to store and move.
Gold biscuits are gold bars that have been stamped out from a sheet of gold unlike ingots, which are cast. Because they’re stamped rather than casts, they tend to be a little smaller and thinner than other gold bars, thus making them easier to move and store.
There are about 55 categories of gold bars traded worldwide, 46 of which are useful for investment purposes. Gold biscuits are a form of gold bar that is among the types useful for investment.
In general, gold sellers make no distinction between gold biscuits and other types of gold bars, but if you’re an investor who intends to take physical custody of your gold investment, chances are that you’ll want your bars in biscuits as they’re easier to manage. The vast majority of gold bars are made in biscuit form, however, so obtaining them shouldn’t be much of a problem.
Who makes them?
Gold biscuits are usually produced in refineries. Some of the most renowned makers of gold biscuits include the Perth Mint, Credit Suisse and Johnson and Matthey.
Tael bars are widely traded in Asian markets. The tael is a unit of Chinese measurement, equivalent to about 1.2 ounces. Tael biscuits are the most popular tael bars on the market.
Why buy them?
Read a finance site lately? Two years into a worldwide economic downturn, the stock market and other investment vehicles remain in turmoil. Once reliable investments have gone sour fast. In tough economic times, gold has a track record of being an investment you can count on to not just preserve your wealth, but to grow it.
Continuing geopolitical turmoil in the Middle East and elsewhere also adds to the attractiveness of gold as an investment, as history has proven again and again that gold retains and increases value when wars and rumors of wars are in the offing.
Gold bars are a reliable method of gold investment. They’re tangible, valuable and easy to buy and sell with a minimum of fuss and paperwork. You can store them in a safety deposit box, in a bank vault or in a safe in your own home.
What to look for
When you decide to buy gold biscuits, you need to make sure that you’re dealing with a reputable seller. Gold’s increase in value has drawn a lot of hucksters to the market, and you don’t want to end up paying top dollar for gold bars that turn out to have less gold content than advertised or are significantly overpriced.
When you’re considering buying gold biscuits, your first stop should be to an online discussion forum where you can ask questions of experienced gold investors. Most are willing to offer a little advice and mentoring to market newies.
Investing in gold biscuits can be profitable and fun, but only if you do it right. Protect your wealth by making sensible and prudent investments in gold biscuits.