Gold Price Croatia
Croatia is an Eastern European country officially known as the Republic of Croatia. The nation is located on the Adriatic Sea, and its capital city is Zagreb. The nation has a population of over 4 million, and its government is a unitary parliamentary constitutional republic.
The official currency of Croatia is the Croatian Kuna. The kuna has been in use since the mid 1990s, and like many other currencies can be divided into 100 smaller units of currency called lipa. The kuna is controlled and issued by the Croatian National Bank, and kuna coinage is minted by the Croatian Monetary Institute. The kuna was originally pegged to the German Mark, but with the introduction of the euro has since been effectively pegged to the common currency of the region.
The Croatian Monetary Institute was founded in April of 1993. In addition to kuna coinage, the mint also produces ceremonial coinage, coin sets, ceremonial gold and silver coins, medals and medallions.
If you are looking to buy gold in Croatia, you will likely see the price quoted in the local currency, the kuna. You may also see gold quoted in other key currencies such as euros, U.S. Dollars or Great British Pounds. Prices for gold are typically quoted by the ounce, gram or kilo.
The Auro Domus Group runs a large metals exchange in Croatia and offers investors and collectors a variety of bullion products. The company sells a number of gold ingots that are available in various weights from 1 gram to 1000 grams. If you are looking to acquire as many total ounces of gold as possible, then ingots may be your best option. Bars typically have a lower per-ounce production cost when compared to gold bullion coins. Larger weight bars may offer an additional per-ounce cost savings as well. This is due to the fact that bars (not including their metal content) have a similar production cost-regardless of size. A 1000 gram bar may have a lower per-ounce premium than a 1 ounce bar.
Of course, not all investors can afford to buy gold bars in the 1000 gram weight, so a variety of other options exist. Even a 1 gram gold bar can still allow the investor to participate in the gold market and take advantage of the potential benefits that come with physical gold ownership.
While gold coins may carry higher premiums compared to ingots, they do also have a place within a portfolio. Gold coins also come in various weights, and also carry a face value guaranteed by the issuing government mint. Both bullion coins as well as collectible, numismatic coins also often feature very detailed designs. Coin designs often celebrate key national places, events or figures.
Bullion coins typically carry reasonable premiums over spot, while collectibles and proof coins can have significantly higher premiums. Premiums can fluctuate based on mintage, relative scarcity and overall condition. Collectible coins are usually best left to professionals or those with strong knowledge in numismatic coins.