Most Efficient Way to Buy Gold

Post on: 9 Июль, 2015 No Comment

Most Efficient Way to Buy Gold

Gold Form

Buy gold in a form that comes with the smallest premium. This way you are paying primarily for the gold contained in the gold item, and less for manufacturing and marketing costs. Gold coins come with the highest premiums since they have the most intricate designs and demand the greatest collector interest. Gold bullion rounds, like American Gold Eagles, South African Krugerrands or Austrian Philharmonics, have lower premiums since their primary value is in their gold content. Gold bars have the lowest premiums of all since they have no artwork on them.

Spot Price of Gold

Research the spot price of gold so you know whether you are paying a fair price. The spot price of gold changes every day, so it is important to look it up on the day of the transaction. A link to a website with 24-hour updates on the spot price of gold is listed in the references section. The price of gold bars should be about the same as the spot price of gold. The price of gold bullion rounds should be about 5 percent over the spot price of gold.

References

Resources

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