Thinking about taking your first step into 1 oz gold bar investing? You’re far from alone—many people turn to gold as a safe haven, especially when the economic outlook feels shaky. But before you make your first purchase, it’s helpful to know the basics so you can buy confidently and avoid costly mistakes.

The first consideration is size. Gold bars come in many weights, from tiny 1-gram pieces to hefty 1-kilogram bricks. Smaller bars are popular with first-time buyers because they’re easier to sell one at a time and require less capital to get started. Larger bars, on the other hand, offer better value per gram, as the premium (which is the extra cost above the market price) is usually lower when buying in bulk. If you’re new to gold, starting with a 10-gram or one-ounce bar is often a comfortable and manageable entry point.

Purity is another key factor. Most reputable investment-grade gold bars are stamped with “999.9,” indicating they contain 99.99% pure gold. You’ll find this number engraved next to the weight, the refiner’s logo, and a unique serial number. If any of these details are missing—or if the bar looks poorly made—it’s best to steer clear, as authenticity can be a major concern.

Equally important is choosing bars from trusted refiners. Names like PAMP Suisse, The Royal Mint, Valcambi, and Heraeus are known around the world for their reliability and quality. Well-known brands make it much easier when it comes time to sell your gold bar, as dealers and buyers recognize and trust these names. Unknown brands or generic bars may come with risks and can be harder to resell.

Your buying source matters, too. Whether you choose to purchase online, from a high street jeweler, or through a specialist bullion dealer, always check reviews, verify their accreditations, and read the return and buyback policies. Be cautious of deals that seem unusually cheap—these can be warning signs of scams or counterfeit products.

You also need to plan for secure storage. Gold bars should be kept somewhere safer than a simple shoebox. Consider your options: a sturdy home safe, a safety deposit box at your bank, or a professional vaulting service. No matter where you choose, getting insurance for your gold is an important step to protect your new asset.

Don’t overlook the paperwork. Authentic gold bars from reputable refineries are accompanied by a certificate or an assay card, which verifies the gold’s purity and origin. Always keep this documentation safe; it adds value and makes reselling your gold much easier.

Finally, be aware of the premiums on gold bars. All gold bars carry a markup over the gold’s raw value. Smaller bars tend to have higher premiums, while large bars are usually closer to the spot price per gram. A deal that seems too good to be true probably is—so always compare prices and buy from established sellers.

In summary, take your time, start with a manageable size, stick to high-purity bars from recognized brands, research your seller, and always arrange secure storage. With a thoughtful approach, gold bars can be a smart, reliable foundation for your overall investment portfolio. Let your decisions be guided by research rather than impulse, and you’ll enjoy more security and peace of mind as a new gold investor.