DUBAI GOLD | 26 JANUARY 2025

Adding gold and other precious metals to your portfolio can be done in a variety of ways. The advent of digital trading platforms has made it simpler to access precious metal markets, even if formerly gold might only have been found in coins, bars, or jewellery.

There are many different sizes and patterns of gold coins. Since they are inherently less expensive to get than larger coins, some of the smaller coins may prove to have a lower barrier to entrance.  Investors can also purchase gold bars. Despite the availability of enormous bars made popular by media and movies, many people cannot afford the related expenses. But if you prefer bars over coins, they are also available in a variety of shapes and sizes, and even for the novice investor, the 1g or 5g bars are reasonably priced.

Physical coins and bars have the obvious drawback of requiring storage, as they must be protected from damage and theft, in contrast to less tactile investments like stocks and shares. While some decide to store with a custodian, others opt to store in a safe at home. Of course, if you decide to store with someone else, you will have to pay a storage cost. Nevertheless, depending on your unique situation and preferences, this can be less expensive than buying your own safe and insurance at home.

Since the price you pay is determined by the “premium” of the commodity, all gold investment options have comparable prices. This represents the proportion that the product’s price exceeds the gold price of the metal it contains. Smaller products typically cost a little more to produce, package, and deliver than bigger ones because of economies of scale. This implies that smaller products typically have higher prices. The real percentage charged on the smaller bar, over the price of the gold it contains, is therefore slightly higher, even though a 1g gold bar would be less expensive than a 100g gold bar (since they contain wildly disparate amounts of gold).

In other words, purchasing one 100g gold bar would be less expensive than purchasing 100 1g gold bars. Because it costs more to make 100 smaller bars, you’d be charged a larger premium for them at the time of sale, even though you would receive the same quantity of gold.

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