The price of gold is ticking back upward, which could mean that some gold investments are better than others now.
Gold has been on an impressive trajectory over the past year, starting 2024 at $2,063 per ounce before launching into a remarkable upward climb. The precious metal then set numerous price records throughout the year, eventually reaching an all-time high of over $2,736 per ounce in late October. This dramatic price increase brought new investors to the precious metals market who were eager to participate in gold's historic run.
Thanks to their small size, these gold bars are easy to store securely at home or in a safe deposit box. As gold prices rise, the logistics of storing larger quantities of gold become more complicated and expensive, making smaller units more practical.While 1-ounce bars typically carry a higher premium per ounce than larger bars, this premium also becomes less significant in a rising market.
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