Where To Buy Gold Bars
You can buy gold bars over the phone or online through U.S. Money Reserve’s website. We carry gold bars from only the most established government mints and trusted private mints in the world, including the Perth Mint, Royal Canadian Mint, PAMP Suisse, Asahi, and more. Our gold bars for sale are .9999 pure gold and produced in sizes ranging from the affordable 1 oz. to 1 kilo, with plenty of sizes in between.
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How Gold Prices Work
Gold is priced according to its weight, with prices normally provided for one gram, one ounce and one kilogram of pure gold.
For example, the current price of gold is $61.87 per gram, $1,924.27 per ounce and $61,837.62 per kilogram. As with other commodities, the price of gold changes often, making it important to check the latest rates if youd like to buy or sell gold.
Unless otherwise noted, the price of gold refers to 24k gold, or pure gold, which consists of 99.99% pure gold. If you know what karat gold you have, you can use the gold price calculator below this paragraph. To use it, type in an items weight, then select its karatage. The calculator will provide an estimate for the items value should you decide to send it in for appraisal.
Pure 24k gold has an intense orange color and is quite soft and malleable. Its the type of gold thats used for investment grade coins and gold bars . Because its soft and bright in color, 24k gold isnt used for jewelry.
Instead, less pure forms of gold, such as 10k, 14k and 18k gold, are commonly used for rings, earrings, bracelets, watches and other gold jewelry. Weve explained how 24k gold differs from the gold commonly used in jewelry in our detailed guide to gold types.
Luckily, this doesnt mean that you cant sell 10k, 14k, 18k or 22k gold. If you want to sell these types of gold , the price youll get in exchange will be based on the pure gold content that can be extracted from the item after its melted and refined.
Abe Mor Diamond Cutters
As we explained in our full review, were fans of Abe Mor Diamond Cutters. As well as being a great place to sell diamonds, theyre one of the best options out there if you have gold jewelry that you want to sell at the best possible price.
Abe Mor buy gold engagement rings, bracelets, earrings and other gold jewelry, as well as gold bars or coins. The only gold items that they dont buy are those that are gold filled or plated, as these items have a tiny gold content thats of minimal scrap value.
In our experience, Abe Mor offer higher prices for gold than almost all of the other online cash for gold stores. Unlike most stores, which pay approximately 50 cents for every dollar of scrap gold value, Abe Mor usually offer up to 75 percent of the gold jewelrys scrap value.
Abe Mor specialize in diamonds and as such, are a good place to sell gold jewelry that features diamonds. Depending on the size and quality, theyll also pay for the small diamonds featured in some pieces of jewelry, such as pavé, side-stone and halo engagement rings.
For gold bullion coins and bars, Abe Mor offer up to 95% of the value. Generally, the greater the amount of gold you send in, the better the rate. Since Abe Mor purchase gold jewelry based on the scrap value of its gold, theyll also buy broken gold jewelry.
They also offer a price match guarantee, meaning youll always receive more than you would by selling to any competitor that provides a substantiated quote.
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Popular Gold Bar Formats
Gold bars are minted or cast in various sizes and weights to suit every investor’s choice.Casted gold bars are thicker and more massive than the minted ones. The dimensions of thegold bar you buy may vary from vendor to vendor due to the two reasons. One being therefinery that manufactures the bar is manufactured and the other being whether it is mintedor cast. If you are planning to buy gold grams or ounces, you have the option of small-sized1 gram bars or much bigger 1 oz gold bars. If you are a consistent investor in gold and areinterested in higher denominations, you can opt for 100 oz gold bars equivalent to a 1-kilobar.
If you’re planning to buy gold grams or ounces, you have the option from small-sized 1gram, to a much bigger 1 oz gold bars. If you’re a consistent investor in gold and areinterested in higher denominations, you can opt for 100 oz gold bars that are equivalentto a 1-kilo bar.
Smaller gold bars are famous for their liquid status in the market. People use them in timesof financial emergencies when they can cash it out easily. If accumulated in largequantities, these gold bars can hedge the financial risk of any investor’s portfolio.Whether you are an investor who is relatively new in the gold business or someone who’splanning to invest in gold in general, you can buy gold in grams or in ounces from 31p1 to get started with your gold frenzy. Following are popular products offered, and theiradvantages:
1 gram gold bars
5 gram gold bars
Why Is Gold A Good Investment
Gold protects the wealth of its possessor against precarious price shifts and unprecedentedrisks of the economy. Its versatile nature and unique characteristics make it the bestinvestment option for every investor. Some of the features are discussed below:
Gold is real money
As we all know, the intrinsic value of the fiat money is virtually zero, meaningthat it holds no worth other than printed paper. Gold’s inherent value hasmaintained its worth over centuries by being a real instrument of trade.
GOLD IS LIMITED IN SUPPLY
Gold is not rare, as many would say. It’s just that the extraction processof Gold is arduous and time taking, which increases its mining costs,limiting its supply against the increasing demand, which makes it preciousand expensive.
Gold is highly Liquid
The liquidity of gold makes it a readily available asset for anyone. This meansthat you can sell or buy gold easily, either locally or internationally. Thisfeature becomes prominent in times of crisis.
Gold is versatile
Apart from investing, gold has its uses in electronics, dentistry, jewelry, andeven food. This versatility of gold makes it unique and desirable to everyone.
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Buy Gold Bullion Online
There is no precious metal in the world coveted more than gold. The famous yellow metal has been a standard by which wealth is measured for centuries, and as civilizations took the first steps out of the Dark Ages and into international trade in the Middle Ages and beyond, gold was there as the standard unit of commerce used by nations and people who spoke different languages. Despite language and cultural barriers, everyone understands the value of gold. Today, gold bullion remains a primary vehicle for private investment and the protection of wealth. The JM Bullion catalog contains a wide array of gold bullion products, some of which you can learn more about below.
Choose The Size And Type Of Gold Bar
Gold bars are produced in various sizes and are available at many price points. Choose from bars ranging from 1 ounce to 1 kilo, depending on your budget, personal preferences, storage capabilities, and holding strategy.
Size and price
The market value of a gold bar is almost entirely based on its weight in gold. A bar’s price closely follows the spot price of gold, i.e. the price at which you could buy one ounce of gold right now as opposed to some date in the future.
In general, the larger the bar is, the greater the price. What amount of your wealth would you like to safeguard with gold? With this number in mind, you can narrow your options down to only bars that fall into your price range. Note that a bars final purchase price will vary slightly from the spot price of gold depending on the current market supply and demand, as well as local, national, and global economic conditions.
Minted vs. cast
Apart from the bars size, you also have different types of bars to choose from, typically minted and cast. Minted gold bars are hand cut or punched from a large flat piece of gold and are often produced with glossy finishes and artistic designs . Minted bars, depending on their size and refiner, can be packaged in sealed assay cards that provide details about the bar’s authenticity and protect its condition.
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Cheapest Places To Buy Gold: How To Invest In Gold And Silver
During uncertain times, how can you provide yourself with some financial security?
Diversifying your assets can help provide a type of insurance policy. If you want to add that extra layer of security you need to consider investing in gold, silver, and other precious metals.
There are plenty of benefits to investing in gold, silver, and other precious metals and its possible to get gold for a reasonable price if you know the right place to look.
Where can you buy gold cheap?
In this article, were going to discuss
Gold Certificate Ingot Set
- Gold Certificates – rare and beautiful works of Monetary Art
- Limited-edition, 24k gold-layered ingots
- Presented together in a specially designed Premium Collector’s Box
Gold Certificates were magnificently designed pieces of paper currency that represented real gold coinage. The large-size banknotes, like the ones issued in 1882, were the highest denomination banknotes in our nation’s history and typically featured historical Americans on the obverse and a brilliant orange engraving on the reverse.
Gold Certificates, colorful and vivid, were originally created to represent actual gold coinage, giving the note’s holder ownership to the corresponding amount of gold coins. With the reverse a brilliant golden orange, symbolic of the gold coins they represent, and an obverse that typically featuredthe portrait of a significant American, most often a U.S. President, Gold Certificates are still among the most attractive of all currency ever printed by the U.S. Treasury.
During the Great Depression, the government officiallyended the practice of redeeming Gold Certificates for gold coins. It actually became illegal to possess the notes. Most of these magnificent banknotes mwere confiscated and destroyed.
Today, precious few original specimens of this delicate paper currency still exist. When one of these rare notes doappear at auction they often reach prices of several thousand dollars and, in some cases, have even surpassed the million dollar mark!
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Can I Buy Gold Bars At A Bank
For most investors in North America, the answer is no.
If you live in the US, it is a common misconception that you can buy gold at a bank. Many people expect a bank to issue gold, harkening back to days when gold backed the currency, but today most physical gold is purchased from non-bank distributors. Even the US Mint requires retail customers go through an authorized purchaser .
But if youre in Europe or Asia, check with your bank. Some banks may offer gold products to retail customers. I know several people that have done this very thing in Switzerland, for example.
To find out if a bank offers gold bars for sale, just give them a call . One caution: make sure you compare premiums, so that youre not overpaying. Also, inquire if they offer lower rates to their existing bank customers.
David Hall Rare Coins
David Hall Rare Coins is one of the most respected deals for rare coins. One reason many investors like using David Hall Rare Coins is for its personalized service.
Talking to an agent can make it easier to compare your options for rare coins that cost more than bullion coins.
Its also possible to buy bullion coins in gold and silver. You can order some coins online but will likely need to call to secure your purchase price.
Shipping information is not available online and your sales trader will discuss your options to complete your order.
Why We Like David Hall Rare Coins
- Reputable dealer for rare coins
- Offers gold and silver bullion
- Can speak with a sales trader to complete your order
Trustpilot score:2.9 out of 5
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Pricing And Purity Are Determining Factors
The goal of any investor is to buy the most and/or purest gold for the lowest competitive price. Investors also recognize the price of precious metals will rise and fall in unpredictable cycles. Investing is not for the fainthearted. However, savvy investors recognize purchasing precious metals is a way to try to preserve wealth for the future. The value of local currency may plummet but precious metals can have value worldwide.
Smart buyers choose to work with a company such as Money Metals Exchange. We offer informational updates and a lot of precious metals products online. Purchases can be made at our secure website. You can even use a credit card. Once the 20 gram bars are sold to you, shipping is provided to the destination of your choice. The process is a simple way to try to add value to your investment portfolio.
Are you interested in larger bar sizes? Consider buying 10 ounces of gold for your next investment purchase. Or if you’re interested in also adding gold coins to your investment, you can look at the options of gold coins we have here. You can go with the our popular American Eagle gold coins, or check out other World Mint coins, such as the Canadian Maple, which can add a bit of history to your collections. Or we have gold coins from other world mints, so you can have gold coins from all over the world.
Why Buy Gold Now
With the already heightened geopolitical uncertainty, risks of war and terror, a weakeningdollar, Brexit, and financial market instability, the current pandemicof COVID-19 has made the situation even worse.
A lot of systematic risks exist in our economic systems, which are yet to be mitigated, asproved by the 2008 financial crises, EU debt crises, and hyperinflation of the 1920s, making ussusceptible to economic dangers.
Moreover, the currency shocks prove that fiat money is prone to inflationary pressure and is nota reliable source of trade. Furthermore, the increasing value of the real estate, stocks, bonds,and almost every other asset due to the relaxed monetary policy, is yet to experience a crash asthe market becomes increasingly volatile.
These are just a limited set of indicators that tells us that much uncertainty prevails in themarket, and predicting future trends is becoming trickier. With the rising tensions, the value ofgold will only increase in the future, with its prices reaching new highs. That said, is it a goodtime to buy gold? Well, keeping the above indicators in perspective and considering the increaseddemand, it is high time for prudent investors to buy gold now, and capitalize on its heightenedprice in the future.
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Advantages To Buy Gold Coins
Gold and other hard metals have always been a time-honored part of traditional investment plans. Heres why:
- Gold tends to go up when other investments decline, providing a stabilizing effect for your portfolio.
- Gold is a bulwark against inflation.
- You dont have to pay capital gains tax until you sell.
- Nobody has to know you have it if that matters to you.
- In worst-case financial scenarios, such as massive currency devaluation, you can use gold and silver to buy and sell. That may sound crazy but it has happened in other countries.
Gram Gold Bars For Long
Gold bars purchased a low premium, from a brand-name manufacturer, are a great way to invest in and hold gold. And gold itself is an asset with literally thousands of years of track record. It has been a vehicle for wealth preservation since ancient times.
The sooner, the better for investors acknowledge that preparing for the decades ahead means changing some strategies that worked over the past several decades. The people of the world have certainly seen governments spend themselves into insolvency and fiat currencies, such as the dollar, do not last forever. Despite that, practically nobody is prepared for that to happen in the USA. All of the signs are there, but, somehow most people are caught by surprise.
Gold is a hedge against too much debt, too much money printing and against the unexpected. It has filled that role perfectly for most of recorded history.
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If Youre Selling At A Pawn Shop
As we mentioned above, we generally dont recommend selling gold jewelry or other gold items to a pawn shop, as the prices pawn shops offer are almost always lower than those offered by specialist online gold buyers.
If you do decide to sell your gold to a pawn shop, we recommend using the following tips to get the best deal:
- If possible, visit several pawn shops before you decide where to sell. Pawn shops can vary hugely in how much theyll offer for certain goods, including gold. Try to visit at least two to three pawn shops to get several quotes before you decide to sell.
- Before you sell, check the current spot price for gold. While youll never get the true spot price from a pawn shop, knowing how much a gram or ounce of pure gold is worth before you sell will help you avoid obvious rip-offs and low-ball offers.
- Negotiate and be prepared to walk away. If you get offered a price that you think is too low, dont feel afraid to ask for a higher price. If the pawn shop isnt willing to offer a price that feels fair to you, be prepared to walk away.
- Bring receipts, boxes and other extra items. If youre selling gold jewelry, such as a wedding band, youll usually get a better price if you sell it with original receipts, boxes, bags and other extras. These can make it easier for the pawn shop to resell the item.