Should I buy gold bars or gold rings?

Distinguish between gold bars and gold rings

Gold bars: This type of gold is made from 9999 gold, usually cast into square or rectangular pieces, rounded corners and not too thick. On the surface of the gold bar is engraved information such as gold quality, origin... Gold bars are provided by large gold and silver companies and state-licensed organizations such as SJC, PNJ, Doji... Gold bars usually weigh 1 chi, 2 chi, 5 chi or 1 tael.

Gold rings are thin gold pieces cast into hollow circles, usually plain rings, without any engraving or details to ensure that their value is fully retained. Gold rings usually weigh from 1 to 3 taels. Unlike gold bars, gold rings are distributed by most gold and gemstone companies.

Gold bars are more expensive than gold rings.

Should I buy gold bars or gold rings?

Gold bars and gold rings both have characteristics suitable for storage and investment. However, according to experts, buying gold rings or gold bars should be based on the purpose of each customer. Depending on the time, people can choose gold rings or gold bars for investment. And gold bars and gold rings both have their own advantages and disadvantages.

About quality : gold bars have better quality than gold rings. Because when mining and producing gold bars, there are less impurities mixed in. It is a solid piece of gold, with a pure gold content of 99.99%.

About price : Gold bars are usually more expensive than gold rings, so the profit when selling is also higher. Meanwhile, gold rings have a lower price than gold bars but are closely related to the world gold price.

Regarding long-term storage : Gold bars are more stable and have higher prices, so they are suitable for long-term investment. Gold rings have investment and storage value, but are often chosen for short-term or swing investment.

In terms of usage: Gold bars are often used for storage or as gifts. Gold rings can be used flexibly, both for storage and as jewelry.

Regarding the amplitude compared to the world price: Gold bars have a very large difference, at times the difference is up to 20 million VND/tael. Meanwhile, gold rings often follow the world gold price more closely.

Thus, buying gold rings or gold bars depends on many factors, depending on the conditions and needs, customers can make the appropriate choice. Gold bars are more stable and have a higher price than gold rings, more suitable for customers with high income, especially suitable for long-term investment.

For customers with average income but still want to invest or invest in the short term, gold rings are a suitable choice.

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