The buy sell gold price is readily available to household and institutional investors at www.GoldPrice.net, and it is important to understand that these are not the only numbers that matter in the gold market. When looking at the buy sell gold price, understand that the price you see on the Internet, on television, and in the newspaper is based on 1000-ounce bars directly off the Commodities Exchange (COMEX) before they are allocated for public consumption.
Once these weighty bars are sold and distributed to bar and coin manufacturers, they must be melted down and formed into products that are more affordable for investors. Companies like Johnson-Matthey, Engelhard, and Credit-Suisse manufacture high purity and high quality bullion bars that are liquid worldwide, and these firms add small premiums onto the gold to cover their costs and to make a profit.
The US Mint, Royal Canadian Mint, and other coin manufacturers apply premiums as well, and modern-day bullion coins tend to be slightly more expensive than bars because of the extensive and painstaking minting process. Gold bullion coins typically sell for 5-8% above the gold buy price on most major gold exchanges, and you should feel free to contact Buy-Gold.org anytime to see if you are getting a fair shake from your gold broker.
The most popular gold bullion products that trade based on the buy sell gold price include:
• $50 American Eagle gold bullion coins (22-karat gold)
• Credit-Suisse one-ounce gold bars (0.999 fine gold)
• Canadian gold Maple Leaf coins (24-karat gold)
To learn more about the various gold products available on today’s market and their appropriate prices, call Buy-Gold.org or send us a message through our secure email server, or simply register below for our gold investment starter kit, including the 2010 Insider’s Guide to Gold Investing.
Steven Martin
Senior Gold Specialist - Buy-Gold.org
