What type of bullion should I buy?

  • Bullion.com on Facebook
  • Bullion.com on Instagram
  • Bullion.com on Twitter

Speaking to many first-time bullion buyers, we know deciding which type of bullion to buy can be a little daunting. Is gold, silver, or platinum more collectable? Should I buy coins, rounds, or bars? What do I need to get started? All are great questions, but unfortunately, the best advice we can give is to purchase whatever metal you believe best matches your collection or investment goals, risk tolerance, budget, and personal preferences.  

As you decide, here are a few key options to consider:

Gold Bullion: Gold bullion is a popular choice for investors seeking a tangible asset with a long history of value and liquidity. Gold bars and gold coins, such as American Gold Eagle, Canadian Gold Maple Leaf, etc., are commonly chosen for their purity, recognized global value, and ease of trade. Gold bullion can serve as a hedge against inflation, currency fluctuations, and economic uncertainties.

Silver Bullion: Silver bullion offers an affordable entry point for investors and is known for its industrial and investment demand. Silver bars and silver coins, such as the American Silver Eagle, Canadian Silver Maple Leaf, or Silver Britannia, are sought after by collectors and investors alike. Silver can serve as a store of value and has the potential for price appreciation due to its various industrial applications.

Platinum Bullion: Platinum is less commonly purchased than gold and silver, but it can offer an opportunity for portfolio diversification. Platinum has industrial uses, particularly in the automotive and jewelry sectors, and its price can be influenced by supply and demand dynamics specific to those respective industries.

Bars vs. Rounds vs. Coins: When it comes to buying bullion, you have the option to choose between bars, rounds, and coins. Gold and silver bars generally offer lower premiums compared to coins, making them an attractive option for investors seeking to acquire larger quantities of precious metals at a lower cost per ounce. Coins and rounds, on the other hand, often carry additional collectible (numismatic) or artistic value, making them appealing to collectors and those who appreciate their design aesthetics.

Investment Grade vs. Numismatic: It's important to differentiate between investment-grade bullion and numismatic (collectible) coins. Investment-grade bullion seen with rounds is primarily valued for its precious metal content and is typically bought and sold based on its weight and purity. Numismatic coins, while still containing precious metals, carry additional value based on factors such as rarity, condition, and historical significance. Numismatics require a deeper understanding of the coin collection market and may carry higher premiums.

Ultimately, your choice of bullion depends on what speaks to you and your unique preferences. We advise conducting thorough research. Consider your long-term investment goals, and consult with reputable precious metal dealers or financial advisors who can provide guidance based on your specific needs.