Investing in gold in Quebec : The different types of gold available on the market

Specializing in gold buying, Xchange Zone offers invaluable expertise for navigating the complex world of gold investing. Whether you want to buy or sell gold, our team of experts is at your disposal. Let's explore the different types of gold on the market.

Gold coins

Investing in gold in the form of gold coins is a widespread practice. Here are the different types of gold coin on the market: 

• Bullion coins: Designed specifically for investment, they closely track the price of gold.
• Historical coins: These may have additional numismatic value.
• Commemorative coins: Often issued in limited editions, they can increase in value over time.

Gold ingots

Investors also prefer gold bars because of their purity and ease of storage. They are generally available in various weights, including : 

• Ingots of 1 kg.
• Ingots of 100g, 50g, or 20g.
• Ingots of 1 ounce (approx. 31.1g).

Investing in gold bullion allows you to acquire a large quantity of the precious metal in a single transaction.

Gold jewelry

Although less common for pure investment, gold jewelry can represent a form of savings. Xchange Zone specializes in the purchase of gold jewelry, offering an option for those wishing to sell gold in this form.

Carats and purity

Pure gold is 24 carats, but is often alloyed with other metals to increase its durability:

• 18-carat gold (75% pure gold).
• 14-carat gold (58.3% pure gold).
• 10-carat gold (41.7% pure gold).

Gold varieties

• Yellow gold: The most traditional and purest form.
• White gold: Combined with palladium or nickel for a silvery appearance.
• Pink gold: Contains copper for its pinkish hue.
• Italian gold: Renowned for its design and quality.
• American gold: Often used in bullion coins such as the American Eagle.

When it comes to investing in gold, you can choose between physical gold and paper gold. Each has its advantages:

Physical gold

• Tangible and storable.
• Independent of the financial system.
• Can be easily sold through specialists like Xchange Zone.

Paper gold

• Gold-linked ETFs (exchange-traded funds).
• Gold certificates.
• Shares in gold mining companies.

The choice between these two forms of investment will depend on your financial objectives and risk tolerance.

Whether you opt for coins, bullion or even jewelry, it's essential to understand the different options available. Xchange Zone positions itself as a reliable partner to help you in your decisions to buy or sell gold. Our expertise and commitment enable us to offer you competitive prices. Do not hesitate to contact us if you wish to sell gold or other valuables. You can also visit one of our five branches for a free appraisal.