It's believed that as many as twenty-five million Americans own gold. When you consider the diversification that this precious metal can provide your portfolio, this shouldn't come as a huge surprise.
If you're interested in investing in gold, you've likely started researching the different types of gold bars and coins available to you. One popular option for investors is The Perth Mint gold bar. But what exactly is this type of bar? And how do you know if it's the right type of gold investment for you?
If you want to learn the answer to these questions and more, you're in the right place. This guide will teach you the basics about gold Perth bars.
The Story Behind the Perth Mint Gold Bar
Gold Perth bars all come from the Perth Mint found in Australia. The Perth Mint was started over one hundred years ago in 1899 by the London Royal Mint. It's the official mint of the Australian government.
The need for the mint formed after colonists discovered large gold deposits throughout the country of Australia. Before the mint was established, all of the raw gold had to be shipped back to Great Britain to be properly refined and processed.
Then, the finished product was shipped back to Australia. To simplify things, the mint was established to produce gold bars without having to ship the product back and forth. It wouldn't be until 1970 that the Perth Mint was released from English ownership.
These days the Perth Gold Mint is renowned both for its silver and gold processing facilities, as well as their Gold Perth bars. Gold Perth bars are all created with .9999% (24 karat) fine gold.
They also contain the famous Perth Mint log on them. Even though it's Australia, the Perth gold bar is sought after by governments, financial institutions, and investors around the world thanks to its fantastic quality.
What Are the Different Sizes and Designs?
Perth gold bars come in a variety of different sizes to fit your specific investment needs. Some of the common ones you're likely to encounter in the market include:
- One gram
- Five grams
- Ten grams
- One oz
- Ten oz
- One kilo
All Perth gold bars will contain the logo for the Perth Mint. This consists of a swan surrounded by a small circle that reads Perth Mint Australia.
The matte finish on the gold bar gives it a beautiful appearance. And on the back of the bar is a repeating design of kangaroos.
How Are Perth Gold Bars Packaged?
As a security measure, all Perth gold bars are packaged the same way. They'll arrive in a tamper-proof case. This case will contain a variety of information like the unique serial number, weight information, and purity percentages.
They'll also come with a certificate of authenticity. If you order a Perth gold bar and it doesn't come in this casing, you should take it to a professional. There's a chance it could be a fake.
What Influences the Price of Perth Gold Bars?
The price of Perth gold bars correlates directly with the average price of gold on the market. The gold bar worth tends to remain fairly consistent. That being said, during times of recession and stock market crashes it's not uncommon to see the value of gold skyrocket.
Aside from increased demand during recessions, the size of the gold Perth bar also plays a big factor in the gold value. Make sure to check out the resource to research the current state of gold in the stock market.
You can sell back your Perth gold bars on the buyback market. While you will get competitive pricing, there's a good chance you'll lose money unless the price of gold has skyrocketed recently.
How Can You Avoid Fake Gold Perth Bars?
Sadly, there are a lot of scam artists out there looking to pass fake gold Perth bars off as the real thing. The best way to avoid these fakes is to only shop from certified sellers, like the United States Gold Bureau Gold Bureau.
That being said, once you get your gold bar, there are some things you can do to verify its authenticity. First, check the design and make sure nothing is amiss.
Then, weigh and measure the product. Compare your findings with official government specifications to make sure everything is checked out. You also want to make sure that the tamper-proof packaging hasn't been messed with.
Your gold bar should also come with a unique serial code that you can check. If you still think your gold Perth bar may be a fake, consult a professional appraiser. That can help you learn if you have the real thing or not.
Are These Gold Bars Right for Your Investment Portfolio?
As we mentioned, gold Perth bars are highly sought after around the world for their purity and design. However, just because these types of gold are in demand doesn't necessarily mean it's the right asset for your investment portfolio.
Silver, gold coins, or simply precious metal stocks might make more sense for your specific needs. So how do you know if these gold bars are right for you? We recommend downloading our free Investor's Kit.
It contains all the secrets needed for maximizing your precious metal investments. It will also give you valuable tips for diversifying your investment portfolio. That way, when something inevitably fails, you'll have a layer of protection with different investments.
Interested in Purchasing Gold Bars? Explore the United States Gold Bureau
We hope this guide helped you answer the question, What is a Perth Mint gold bar? Here in the United States Gold Bureau, we don't just offer a wide selection of gold bars and coins (including ones from the Perth Mint).
We also want to help our clients make informed buying decisions about the best precious metal options for their portfolios.
That's why we provide you with Precious Metal Specialists who are trained to help you navigate the complex world of gold investments. So if you want to learn more about gold bars, make sure to contact us today.