For those interested in investing in physical gold through coins, bars, or a gold IRA, choosing the right option can be complex. The best overall pick, the 1986-Present American Gold Eagle Coin $50 PCGS GEMUNC, offers high liquidity and recognized value. For a more affordable alternative, the British Gold Britannia £10 BU provides a lower entry point with international appeal. Meanwhile, the 2006-Present American Gold Buffalo 1 oz .9999 Fine Gold Coin stands out for its purity and uniqueness. However, buyers must weigh tradeoffs like premium costs, liquidity, and purity when selecting. Continue reading for a detailed comparison to help you find the ideal coins, bars, or IRA options for your investment goals.
Key Takeaways
- The American Gold Eagle remains the most liquid and widely recognized coin for IRA inclusion.
- Bars like the Australian Perth Mint Gold Bar offer lower premiums but less liquidity than coins.
- Purity levels vary; 99.99% gold coins like the Buffalo tend to fetch higher premiums but are more sought after.
- International coins like the British Britannia diversify a portfolio but may face additional import or storage considerations.
- Premiums and fees significantly impact overall investment returns, especially with rare or high-purity coins.
| 1986-Present American Gold Eagle Coin $50 PCGS GEMUNC |  | Best Overall Gold Coin for Bullion and Collectors | Purity: 0.9167 Fine Gold | Metal Content: 1 Troy Ounce | Diameter: 32.70 mm | VIEW ON AMAZON | See Our Full Breakdown |
| British Gold Britannia £10 BU (1987-Present, 1/10 oz) |  | Best for Purity and International Gold Exposure | Purity: 99.99% | Metal Content: 0.1 Troy Ounce | Diameter: 16.50 mm | VIEW ON AMAZON | See Our Full Breakdown |
| 2006-Present American Gold Buffalo 1 oz .9999 Fine Gold Coin PCGS GEMUNC |  | Best for 24K American Heritage and Purity | Metal Content: 1 Troy Ounce | Purity: 99.99% | Edge: Reeded | VIEW ON AMAZON | See Our Full Breakdown |
| 1 Gram Gold Bar with Assay – Australia Perth Mint |  | Best Compact Gold for Easy Storage and Flexibility | Purity: 99.99% | Weight: 1 gram | Country of Origin: Australia | VIEW ON AMAZON | See Our Full Breakdown |
| 2026 American Gold Eagle 1/10th oz Bullion Coin with Certificate of Authenticity |  | Best for Fractional Gold Investment with U.S. Guarantee | Weight: 1/10 oz of gold | Gold Content: 0.1 troy ounces | Fineness: 91.67% | VIEW ON AMAZON | See Our Full Breakdown |
| 1986-Present American Gold Eagle $10 Coin PCGS GEMUNC |  | Best Collectible Grade Coin for Serious Investors | Metal Content: 0.4 Troy Ounces | Purity: .9167 Fine Gold (22-karat) | Grade: GEMUNC | VIEW ON AMAZON | See Our Full Breakdown |
| 1986-Present American Gold Eagle 1/10th oz Bullion Coin with Certificate of Authenticity |  | Best Entry-Level Gold for Investors on a Budget | Weight: 1/10 oz | Gold Purity: 91.67% | Material: Gold | VIEW ON AMAZON | See Our Full Breakdown |
| 2025 1 oz Australian Gold Dragon Bar MS70 NGC First Day of Issue |  | Best Graded Gold Bar with Cultural Significance | Grade: MS70 | Rating: NGC | Coin Variety: 1 Dragon | VIEW ON AMAZON | See Our Full Breakdown |
| 1986-Present 1/2 oz American Gold Eagle Coin $25 PCGS GEMUNC |  | Best Mid-Size Gold Coin for Recognition and Liquidity | Metal Content: 0.5 Troy Ounce | Purity: .9167 Fine Gold | Diameter: 27 mm | VIEW ON AMAZON | See Our Full Breakdown |
| 1967 South African Gold Krugerrand Coin 1 oz, PCGS GEMUNC |  | Best Historical First-Year Bullion for Collectors | Purity: .9167 Fine Gold | Metal Content: 1 Troy Ounce | Diameter: 32.8 mm | VIEW ON AMAZON | See Our Full Breakdown |
| coins bars gold ira | Purity | Metal Content | Diameter | Thickness |
|---|---|---|---|---|
| 1986-Present American Gold Eag | 0.9167 Fine Gold | 1 Troy Ounce | 32.70 mm | 2.87 mm |
| British Gold Britannia £10 BU | 99.99% | 0.1 Troy Ounce | 16.50 mm | 1.2 mm |
| 2006-Present American Gold Buf | 99.99% | 1 Troy Ounce | 32.70 mm | 2.95 mm |
| 1 Gram Gold Bar with Assay | 99.99% | — | — | — |
| 2026 American Gold Eagle 1/10t | — | — | — | — |
| 1986-Present American Gold Eag | .9167 Fine Gold (22-karat) | 0.4 Troy Ounces | 22 mm | — |
| 1986-Present American Gold Eag | — | — | — | — |
| 2025 1 oz Australian Gold Drag | — | — | — | — |
| 1986-Present 1/2 oz American G | .9167 Fine Gold | 0.5 Troy Ounce | 27 mm | 2.24 mm |
| 1967 South African Gold Kruger | .9167 Fine Gold | 1 Troy Ounce | 32.8 mm | 2.84 mm |
More Details on Our Top Picks
1986-Present American Gold Eagle Coin $50 PCGS GEMUNC
The American Gold Eagle stands out as the most recognizable and widely traded gold coin in the U.S., combining high liquidity with iconic design. Its certification as Gem Uncirculated by PCGS adds credibility, making it suitable for both investors and collectors. Compared with the Gold Buffalo, it offers a more traditional American motif and a larger size, though at a higher premium due to its certification and brand recognition. The premium price might not appeal to those seeking purely low-cost bullion, but this coin’s status ensures ease of resale and a strong market presence. Its gold content of 1 ounce at 91.67% purity makes it straightforward for those wanting a full-ounce investment with state-of-the-art grading. The main tradeoff is the higher premium, which could reduce profit margins if buying at retail. This coin makes the most sense for investors who value liquidity, brand recognition, and historical significance.Pros:- Contains a full ounce of 91.67% pure gold, ensuring straightforward valuation
- Certified Gem Uncirculated by PCGS guarantees quality and authenticity
- Iconic American design appeals to collectors and investors alike
Cons:- Premium price due to certification and brand recognition
- Limited to one ounce, which may not suit those seeking fractional or bulk holdings
Best for: Investors looking for a high-liquid, widely recognized bullion coin that balances collectible appeal with investment utility.
Not ideal for: Buyers seeking the lowest possible premium or larger gold quantities at a lower cost, such as bulk investors or those focused solely on price per ounce.
- Purity:0.9167 Fine Gold
- Metal Content:1 Troy Ounce
- Diameter:32.70 mm
- Thickness:2.87 mm
- Face Value:$50
Our verdict“This coin is ideal for investors who prioritize liquidity, quality, and American heritage in their gold holdings.”
British Gold Britannia £10 BU (1987-Present, 1/10 oz)
The Britannia offers an exceptional 99.99% pure gold, making it an attractive choice for those prioritizing purity over size. Its brilliant uncirculated finish and royal mint origin give it a premium feel, especially for buyers seeking a small, highly pure coin. Compared with the American Gold Buffalo, which also features high purity, the Britannia’s smaller size (1/10 oz) makes it more flexible for fractional holdings, but it limits the total gold value per coin. Its limited availability—only one coin per purchase—may restrict bulk buying, and older years aren’t always available, which could impact collectors. The inclusion of a certificate of authenticity adds trust, but the small size might not satisfy investors looking for larger, more cost-efficient units. This coin makes the most sense for buyers wanting a pure, international gold coin with a focus on purity and heritage.Pros:- 99.99% pure gold offers maximum purity for investment and trading
- Brilliant uncirculated finish enhances visual appeal
- Includes certificate of authenticity for verified quality
Cons:- Limited to one coin per purchase, restricting bulk buying
- Older years may not be available, reducing collector options
Best for: Buyers seeking a highly pure, internationally recognized gold coin for fractional investment or diversification.
Not ideal for: Investors wanting larger quantities or lower premiums, as the small size increases per-gram cost and limits bulk holdings.
- Purity:99.99%
- Metal Content:0.1 Troy Ounce
- Diameter:16.50 mm
- Thickness:1.2 mm
- Weight:2.86 g
Our verdict“This coin is suited for those prioritizing purity, international recognition, and fractional gold holdings.”
2006-Present American Gold Buffalo 1 oz .9999 Fine Gold Coin PCGS GEMUNC
The Gold Buffalo provides a pure 24-karat gold option that appeals strongly to investors valuing American craftsmanship and maximum purity. Its design featuring Native American imagery and a buffalo makes it stand out among bullion coins, especially for those wanting a distinctly American symbol. Compared with the American Gold Eagle, the Buffalo offers higher purity at 99.99%, but it’s generally less recognized internationally, which could impact resale ease. Certified as Gem Uncirculated by PCGS, it ensures a high-quality standard, though the limited mintage years might restrict specific-year collection. The absence of specific year requests could be a drawback for collectors seeking particular dates. It’s best suited for investors who want the purest American coin with a heritage design, but less so for those seeking variety or a broader market appeal.Pros:- Contains one ounce of 99.99% pure 24-karat gold
- Certified Gem Uncirculated by PCGS guarantees quality
- Distinctive American design with Native American and buffalo imagery
Cons:- Limited to Gem Uncirculated condition, no specific year requests
- Less internationally recognized than the Eagle for resale
Best for: Investors wanting a pure, American-made 24K gold coin with a focus on heritage and maximum purity.
Not ideal for: Buyers looking for a wider variety of years or a coin with broader international recognition for resale purposes.
- Metal Content:1 Troy Ounce
- Purity:99.99%
- Edge:Reeded
- Diameter:32.70 mm
- Thickness:2.95 mm
Our verdict“This coin is best for investors seeking maximum purity and American heritage in a 24K gold coin.”
1 Gram Gold Bar with Assay – Australia Perth Mint
The Perth Mint 1-gram gold bar delivers high purity in a compact, easy-to-store format, perfect for small-scale investors or those seeking fractional gold. Its LBMA registration and serial number provide reassurance of authenticity, making it a secure choice for anyone wanting to add small amounts of gold without the bulk of larger bars. Compared to the 1/10 oz coins like the British Britannia, this bar offers a straightforward way to hold pure gold, but the small size means a higher cost per gram, which can eat into potential profits. The simple design and tamper-evident packaging are practical, but the lack of decorative features limits its appeal for collectors. It’s ideal for those wanting a low-cost, easy-to-accumulate gold asset for a diversified portfolio, but not for large investors or those seeking premium presentation.Pros:- 99.99% pure gold in a compact 1-gram size
- Includes assay and serial number for authenticity
- Tamper-evident packaging enhances security
Cons:- Limited to 1 gram, not suitable for large investments
- Higher price per gram compared to larger bars
Best for: Buyers looking for a portable, high-purity gold option for small investments or gift purposes.
Not ideal for: Investors wanting bulk gold holdings or lower per-gram costs, as this size is more expensive on a per-gram basis.
- Purity:99.99%
- Weight:1 gram
- Country of Origin:Australia
- Mint:Perth Mint
- Packaging:Tamper-evident with serial number
Our verdict“This bar is best for small-scale investors seeking a secure, portable way to hold high-purity gold.”
2026 American Gold Eagle 1/10th oz Bullion Coin with Certificate of Authenticity
The 2026 American Gold Eagle 1/10 oz coin combines iconic American design with high-grade certification, making it an excellent choice for investors seeking fractional gold. Its smaller size allows for flexible dollar-cost averaging and easier storage, but the limited weight means it can be more expensive per ounce compared to larger coins like the full ounce Eagle. Fully guaranteed by the U.S. Mint, this coin offers peace of mind on authenticity and quality. The polished finish enhances visual appeal, but the small size might be too tiny for those seeking larger holdings or bulk investments. Compared with the 1 oz Buffalo, this coin is more manageable for budget-conscious investors but less efficient for building large gold reserves.Pros:- Contains 1/10 oz of pure gold, suitable for fractional investments
- Guaranteed authentic by the U.S. Mint
- Beautiful design featuring Lady Liberty and bald eagle
Cons:- Limited to 1/10 oz, which can be costly per ounce
- Premium pricing compared to bulk-buy options
Best for: Buyers interested in fractional U.S. gold with strong government backing and iconic imagery.
Not ideal for: Investors looking to accumulate large gold quantities efficiently, as the small size can lead to higher premiums per ounce.
- Weight:1/10 oz of gold
- Gold Content:0.1 troy ounces
- Fineness:91.67%
- Material:Gold
- Finish:Polished
Our verdict“This coin is ideal for investors seeking fractional U.S. gold with a trusted guarantee and iconic design.”
1986-Present American Gold Eagle $10 Coin PCGS GEMUNC
This 1/4 oz American Gold Eagle stands out for its highly regarded PCGS GEMUNC grade, offering assurance of quality that appeals to collectors who value condition and authenticity. Unlike the smaller 1/10 oz coins, this size provides a more substantial gold holding without significantly increasing the purchase price. Its 22-karat purity ensures durability and a classic appearance, making it ideal for those wanting a graded, easily tradable piece. However, its higher price point reflects the grading and condition, which might deter buyers seeking lower-cost options. This coin is perfect for investors looking for graded, collectible gold but less suited to those prioritizing maximum gold weight at a lower cost. Compared to the 2025 Australian Gold Dragon Bar, this coin offers less purity but more recognizable value and liquidity.Pros:- High-quality GEMUNC grade by PCGS guarantees condition
- Contains genuine 22-karat gold with high purity
- Compact size makes for easy storage and handling
Cons:- Higher cost due to grading and condition premium
- Limited to one coin per purchase, reducing bulk investment options
Best for: Serious collectors and investors seeking high-grade, graded gold coins with proven authenticity
Not ideal for: Budget-conscious buyers or those wanting to maximize gold weight without grading premiums
- Metal Content:0.4 Troy Ounces
- Purity:.9167 Fine Gold (22-karat)
- Grade:GEMUNC
- Grading Provider:PCGS
- Diameter:22 mm
- Total Precious Metal Weight:7.08 g
Our verdict“This coin makes the most sense for collectors who prioritize graded, high-quality gold with resale confidence.”
1986-Present American Gold Eagle 1/10th oz Bullion Coin with Certificate of Authenticity
This 1/10 oz American Gold Eagle offers a cost-effective way to own high-purity gold directly backed by the U.S. Mint, making it ideal for new investors or those building a diversified gold portfolio. Its smaller size makes it easier to acquire in multiples, unlike the larger and more expensive coins such as the 2025 Australian Gold Dragon Bar. The inclusion of a certificate of authenticity adds confidence, especially for those concerned about verifying purity and origin. However, the premium over spot gold can be significant, and its small size means it may not satisfy larger investment goals quickly. This coin is best suited for beginners or those seeking to accumulate gold gradually, but less so for investors wanting to maximize their gold holdings in a single purchase. Compared with the 1986-Present American Gold Eagle $50, it offers lower premium and smaller denomination, with less immediate value for large trades.Pros:- Guaranteed by the U.S. Mint, ensuring authenticity
- Iconic design with detailed Lady Liberty and eagle imagery
- Includes certificate of authenticity for verification
Cons:- Higher premium relative to its small size
- Limited gold weight may not meet larger investment needs
Best for: Beginners and small-scale investors seeking affordable, high-purity gold with official backing
Not ideal for: Investors aiming to acquire large quantities of gold quickly or seeking lower premiums
- Weight:1/10 oz
- Gold Purity:91.67%
- Material:Gold
- Gold Content:2.86 g
- Mint Year:2024
- Grade:Mint State
Our verdict“This coin is perfect for newcomers and small investors wanting reliable, certified gold at an accessible price.”
2025 1 oz Australian Gold Dragon Bar MS70 NGC First Day of Issue
This 1 oz Australian Gold Dragon Bar is a compelling choice for those seeking a graded, pure gold bar with cultural appeal, particularly with its MS70 grade from NGC and First Day of Issue designation, which guarantees pristine condition. Its detailed Chinese dragon design emphasizes wealth and good fortune, appealing to collectors who appreciate symbolism. The backing from the Australian government provides added trust, especially compared to less reputable mints. However, limited mintage and premium pricing make it less suitable for bulk accumulation or budget-conscious buyers. This bar is ideal for collectors and investors interested in graded, culturally significant gold but less so for those prioritizing low-cost or large-volume investments. Unlike the 1986-Present American Gold Eagle, it offers a different aesthetic and cultural appeal but at a premium.Pros:- High-grade MS70 condition certified by NGC ensures perfect quality
- Produced by the reputable Perth Mint with Australian backing
- Detailed Chinese dragon design symbolizes good fortune
Cons:- Premium pricing due to grading and limited mintage
- Design may not appeal to all collectors or investors
Best for: Investors and collectors wanting graded, high-quality gold with cultural and symbolic significance
Not ideal for: Bulk investors seeking the lowest premiums or those with limited budget for gold acquisitions
- Grade:MS70
- Rating:NGC
- Coin Variety:1 Dragon
- Color:gold
- Measurements:27.6 mm
- Total Precious Metal Weight:1 ounces
Our verdict“This graded gold bar suits collectors and investors who value cultural symbolism and flawless condition over cost efficiency.”
1986-Present 1/2 oz American Gold Eagle Coin $25 PCGS GEMUNC
This 1/2 oz American Gold Eagle offers a balanced option for investors who want a recognizable, high-quality gold coin without the larger size and higher cost of the 1 oz version. Graded GEMUNC by PCGS, it guarantees condition that’s suitable for resale and trading, especially compared to the 1986-Present American Gold Eagle $10 Coin which is smaller and less valued in trade. Its iconic Liberty and eagle design make it highly liquid and easy to sell, while the .9167 purity ensures a durable, high-quality investment. The main tradeoff is the price and size: larger investors may find it too small, and the premium over spot gold can be significant. This coin suits investors wanting a middle-ground size with high liquidity but less fitting for those seeking maximum gold weight for their dollar.Pros:- Contains 1/2 oz of high-purity gold
- Graded Gem Uncirculated by PCGS guarantees quality
- Iconic design enhances liquidity and recognition
Cons:- Price premium over spot gold can be high
- Limited to collectors or those seeking medium-sized coins
Best for: Investors seeking a mid-sized, highly recognizable gold coin with strong resale value
Not ideal for: Large-volume buyers or those wanting to minimize premiums with bulk purchases
- Metal Content:0.5 Troy Ounce
- Purity:.9167 Fine Gold
- Diameter:27 mm
- Thickness:2.24 mm
- Design Type:Type 1 or Type 2
- Mint:U.S. West Point
Our verdict“This coin is ideal for investors who want a balanced size, high quality, and strong market acceptance.”
1967 South African Gold Krugerrand Coin 1 oz, PCGS GEMUNC
This 1967 South African Gold Krugerrand stands out as a historically significant coin, being the first-year issue of the Krugerrand series, graded GEMUNC by PCGS. Its 1 oz gold content and .9167 purity make it a classic choice for bullion investors seeking a recognizable, liquid asset. The detailed portrait of Paul Kruger and the iconic springbok design add cultural and historical appeal, especially compared to newer coins like the 2025 Australian Gold Dragon Bar. However, the year of issue varies based on the specific coin received, which could affect collector value. Its vintage status and high-grade condition make it suitable for those valuing history and authenticity, but less so for buyers seeking specific years or lower premiums. This coin reliably bridges bullion investment with collectible appeal.Pros:- First-year issue with historical significance
- Graded Gem Uncirculated by PCGS for high quality
- Authentic 1 oz gold with cultural value
Cons:- Availability depends on year and condition
- Price can fluctuate depending on the specific coin and market
Best for: Bullion collectors and investors interested in iconic, historically significant gold coins
Not ideal for: Buyers seeking specific years or those on a tight budget, as prices vary and premiums can be high
- Purity:.9167 Fine Gold
- Metal Content:1 Troy Ounce
- Diameter:32.8 mm
- Thickness:2.84 mm
- Grading:Gem Uncirculated
Our verdict“This Krugerrand appeals most to collectors who value historical provenance combined with bullion liquidity.”
How We Picked
I evaluated these products based on several key factors: gold purity, liquidity, recognition, and ease of storage or IRA inclusion. Coins with a long-standing market presence, like the American Gold Eagle, rank higher due to their familiarity and trustworthiness. Bars were assessed on their premium, purity, and ease of purchase in bulk. Consideration was also given to the overall investment value, including premiums over spot price and potential for appreciation. The ranking reflects a balance of these elements, favoring options suitable for IRA inclusion, liquidity, and broad appeal, with premium products positioned for specialized collectors or investors seeking higher purity and uniqueness.Factors to Consider When Choosing Coins Bars Gold Ira
When selecting coins, bars, or gold IRA investments, understanding key factors helps avoid costly mistakes. The right choice depends on your goals—whether for liquidity, long-term growth, or diversification. Each factor influences how well your investment will perform and how easily you can access or transfer your assets. Here’s what to consider before making your decision.Gold Purity and Recognition
High purity, such as 99.99%, generally commands a premium but ensures your asset’s value aligns with market standards. Recognized coins like the American Gold Eagle or Buffalo are more easily sold or included in IRAs, as they are trusted globally. Less recognized coins or bars might trade at discounts but can offer better initial prices for buyers on a budget. Always check for certification and hallmarking to confirm purity and authenticity.
Liquidity and Market Demand
Liquidity depends on how widely accepted and recognized the coin or bar is. Coins with a long history and government backing tend to sell faster at close to market value. Bars, especially from reputable mints like Perth Mint, can be less liquid but often have lower premiums. For IRA purposes, choosing highly liquid options simplifies future transfers or sales, making your investment more flexible over time.
Premiums and Fees
Premiums over spot price can significantly affect your total investment cost. Rare or high-purity coins usually carry higher premiums, which can diminish returns if you sell quickly. Additionally, consider transaction fees, storage costs, and custodian charges when investing in a gold IRA. Balancing premium costs against potential appreciation is key for long-term investors.
Storage and Security
Physical gold requires secure storage, whether in a home safe, bank vault, or IRA custodian’s facility. Coins and bars differ in portability and ease of storage; smaller denominations are easier to handle but may have higher premiums. For IRA holdings, choosing a custodian with insured, segregated storage options can protect your assets and simplify compliance with IRS regulations.
Investment Goals and Portfolio Diversification
Your choice should align with your overall investment strategy. Coins like the American Gold Eagle suit investors seeking liquidity and recognition, ideal for IRA inclusion. Bars may appeal to those looking for lower premiums or larger quantities at once. Rare coins or foreign options add diversity but come with higher premiums and potentially less liquidity, suitable for seasoned investors or collectors.
Frequently Asked Questions
Can I include gold coins and bars in my IRA?
Yes, certain gold coins and bars are approved for IRA inclusion, particularly those that meet the IRS standards of purity and are produced by accredited mints. Coins like the American Gold Eagle and Buffalo are common choices. Bars from reputable mints with assay certificates can also qualify, but it’s essential to work with an IRS-approved custodian to ensure compliance and proper storage.
What is the best gold coin for IRA investment?
The American Gold Eagle is generally considered the best choice for IRA investments due to its high recognition, liquidity, and government backing. It is widely accepted and held by most custodians. Its status as a trusted, government-minted coin makes it easier to buy, sell, or transfer within an IRA, providing peace of mind for long-term investors.
Are gold bars better than coins for IRA purposes?
Gold bars often have lower premiums and are easier to store in bulk, making them attractive for cost-conscious investors. However, coins tend to be more liquid and recognized globally, which is advantageous for IRA transfers or sales. The choice depends on whether you prioritize cost savings or liquidity and recognition; for most IRA investors, coins like the American Gold Eagle tend to be more straightforward.
How do premiums impact my gold investment?
Premiums over the spot price can significantly affect your initial purchase cost. Higher premiums are typical for rare or high-purity coins, but they reduce potential profit margins if the metal’s price doesn’t increase accordingly. It’s wise to compare premiums across different products and consider how they will influence your overall returns, especially if you plan to sell within a few years.
What should I look for in a gold IRA custodian?
Choosing the right custodian is vital for safeguarding your assets and ensuring IRS compliance. Look for a provider with a strong reputation, insured custodial storage, transparent fee structures, and experience with gold IRAs. An easy-to-use platform, clear communication, and good customer service also make managing your investment smoother and more secure.
Conclusion
If you’re a new investor or want a highly liquid, widely recognized coin, the American Gold Eagle remains the best overall choice. For those seeking cost-effective options with lower premiums, consider reputable gold bars from the Perth Mint. Premium collectors or long-term investors with a focus on purity might prefer high-grade coins like the American Gold Buffalo or rare international coins such as the Krugerrand. Beginners should prioritize recognized coins for easier IRA inclusion, while seasoned investors might explore foreign or rare coins for diversification and potential appreciation.
