Is Gold A Good Investment
If youre looking to strike it rich with a modern-day gold rush, youre probably in the wrong place. Over the past five years, golds price increased by approximately 36% while the S& P 500 increased by 104% during that same period. So why all the hype?
Because some view gold as a safe haven from inflation and extreme market dips. For instance, during the 2007-2008 bear market, the overall stock market plunged 33%. Gold, meanwhile, only fell 2%.
That said, gold prices can be very volatile, meaning gold isnt an entirely safe investment. In fact, you can easily craft a well-diversified investment portfolio without gold entirely.
But if you want some of that golden gleam in your investment account, aim for it to occupy only a small percentage of your investing dollars.
Best Prices Buying Or Selling
Are you a coin collector looking to add to your coin collection? We sell NGC and
PCGS graded gold and silver coins. If you are collecting American or Foreign coins, then definitely check us out for current inventory. We get a wide variety of coins and grades so there is generally something for everyone. We also sell PMG graded paper money, from federal notes to gold certificates.
Direct Access To The Biggest Gold Bars
To retain Good Delivery status, the big 400-ounce bars of gold traded by refineries, central banks, wholesalers, bullion banks and professional dealers must remain inside secure, recognized gold bullion vaults.
Take these gold bars out of market-approved storage – even to store at your bank – and they break the chain of integrity that guarantees each bar’s gold to the next buyer.
It’s the integrity of Good Delivery gold bars that ensures maximum resale when you come to sell. But until recently, private investors couldn’t easily access this market unless they were able to buy a whole 400-oz bar. Nor could they arrange market-approved storage unless they owned five big bars or more.
At BullionVault, however, you can now buy gold in amounts as little as one gram at a time. Stored in market-approved gold bar facilities, your gold will retain its maximum resale value. Storage fees for owning a portion of these big gold bars run as low as 0.12% per year, with insurance included. Estimate your commission and storage fees using our cost calculator.
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What Kind Of Bullion Are You Selling
Some gold and silver products are more valuable or in greater demand at a given time. Factors like whether its gold or silver, a coin or bar, and a government or private mint product will all play into resale value.
Generally speaking, bullion that demanded a higher premium upfront will fetch higher prices upon resale, though it does depend on demand at the time. One way to assure that you have a strong resale ability is to buy the most popular products.
Selling Gold Bullion: How Do I Sell My Gold Bullion Or Gold Bars
The process to sell gold bullion or gold bars to any reputable gold bullion buyer typically works like this:
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How To Sell Your Bullion
How can I sell bullion bars?
GoldCore makes a market in both selling and buying of investment grade precious metals. If you would like to sell bullion to us , contact us and we will advise you of the procedure. It involves returning the metal to an approved vaulting provider, verifying the bullion format and quantity, locking in a price and then wiring your funds to you.
We will always buy back bullion that has been sold to our clients and remained in the GoldCore chain of integrity GoldCore Secure Storage vaults. This ensures maximum liquidity and us being able to return your funds in a speedier manner. Please note though bullion sales will be processed in light of the market conditions and delays may occur given market liquidity constraints.
Non-client bullion, in non-GoldCore vaults will need to be shipped to our vaults, verified and potentially assayed.
Why Keep Track Of Historical Gold Prices
Investing in gold is a long-term investment. You shouldnt expect to turn in a great profit by buying and reselling gold in the short run. By keeping track of the current and historical gold prices, you can try to predict its fluctuations . With that information in hand, you can decide whether it is a good time to sell your gold bars, or if you should hold on to your assets for a while longer.
Keep in mind that you should have access to accurate information and, even with the best possible analyzes, there is no 100% proof way of knowing if gold prices are going up or down. At the end of the day, it all comes down to speculation.
You can also check our post: When to Sell Gold and Silver
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Guide To Selling Gold Bullion
They say that knowledge is power, and when it comes to selling your gold, its best that youre armed with facts about gold and common practices in the industry so that you can make well informed decisions. This is an industry where its hard to know who to trust and who might be trying to take advantage of your lack of experience.
We want to impart some of our knowledge and experience to you so that youll feel confident that youre making the right choice when selling your gold. We believe that doing business with well informed customers helps to develop a level of trust and comfort when conducting transactions more likely resulting in continued business and long term relationships.
Factors that Determine the Value of your Gold
1. Spot Price of GoldThe spot price of gold, which is the current price per troy ounce, is determined by the futures commodity market, and fluctuates throughout the day.
2. The Weight of your GoldThe weight of your gold is one of the largest determining factors in accessing the value of your gold. Even low quality gold can be quite valuable if you have a heavy enough item.
3. Purity of your Items or the Karat of your GoldThe higher gold content of your item, the greater its value. The purity of gold can vary substantially, so its important to have a general understanding of how the karat of your gold translates into the purity of gold.
Why Is There A Spread On Precious Metals
My friends in Singapore explain it this way
Precious metals and bullion products in physical form often have a higher price than the spot-price. The spot-price is the price for which someone can buy certificates or futures on the commodity exchange. It is, however, mathematically impossible based on the paper market volume traded, for these so called paper metal products to be fully backed by physical precious metals.
Gold and silver in bullion form is often minted into 1 oz coins or small bars ranging from 1 oz to 10 oz. It is an advanced process to melt, mint and certify bullion products with high quality and precision. Everything from design work to manually engraving stamps has to be calculated in the cost. It is therefore normal that a 1 oz coin costs more than 1 oz of the actual metal.
Since the spot price for gold is multiple times higher than that of silver, it is also normal that the premium for a 1 oz silver coin amounts to a larger proportion of the price percentage-wise compared to a 1 oz gold coin. The natural premium doesnt change much over time and matches the cost of the minting process.
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Youve Found The Best Place To Sell Gold And Silver
At Scottsdale Bullion & Coin, were always interested in buying gold, silver, platinum, and palladium coins and bars at top dollar. We are not a cash for gold store or pawn shop looking to melt your coins. At SBC, we resell coins to our many clients. Our no-nonsense coin buying experts will evaluate your coins and give you an honest offer.
Selling Gold & Silver Bullion Online
Selling precious metals to an online dealer may fetch the best price because theyre operating expenses are much lower than a local coin shop that has to maintain a physical storefront.
Selling your gold or silver online to GoldSilver.com is easy. Just follow this process:
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Got Gold Bars Or Coins 13 Gold Bullion Buyers Where You Can Sell Your Gold
Yingjia Puk, GIA certified gemologistWe get commissions for purchases made through links in this post. Here’s more on how we make money.
Gold prices remain high.
Gold prices this year exceeded $2,000 for only the second time in 50 years. As of , the gold resale value in the United States was at a near-record price of $ per ounce, or $ per gram.
That means if youve invested in gold bullion in the form of bars or coins or inherited gold bullion from a family member now is a great time to sell.
If youre ready to cash out to fund a major expense or pay down some debt, there are several reputable bullion gold buyers.
Our No. 1 recommendation for selling gold bullion and gold bars is CashforGoldUSA, which pays within 24 hours and has an A+ rating with the BBB.
Here’s what you need to know about selling gold bullion:
We also recommend the company’s other sister site, DiamondsUSA, which buys loose diamonds as well as engagement rings and other fine jewelry.
Gold Bullion Barsdesign And Specifications
For centuries, buying physical gold has been recognized as one of the best ways to store wealth and preserve purchasing power. In addition to these well-established attributes, modern day investors continue to buy gold bullion bars for their portfolio diversification properties.Monex offers gold bars in three convenient forms. The 10 ounce gold bullion bar of at least .995 fine purity is the standard industry unit. Also available is the 32.15 troy ounce gold kilobar, a one kilogram bar of at least .999 fine gold purity. Both of these gold bars are hallmarked by a leading refiner to certify weight and purity and are available for personal delivery or storage.
For those who desire the finest investment-grade gold bullion bars available, we offer the exclusive Monex-certified 10 ounce gold bullion ingot. Composed of pure .9999 fine gold, this magnificent bar is one of the purest available to investors today. Each bars weight and purity is certified and guaranteed by Monex and is further hallmarked by Heraeus, a world-leading refiner, and the reputable Austrian Mint. Please note: Although this is our main gold bar offering, Monex may also offer larger gold bar sizes, including 400 ounce gold bars, by request.Gold bullion bars are real, tangible assets, and throughout history, have been an ideal store of value. They are extremely liquid investments, easily stored and transported, and can be a uniquely private way to preserve one’s wealth.
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Sell Gold And Silver Rhodium Platinum In Nyc
If youre looking for a We Buy Gold, sell gold and silver, sell precious metals location in NYC, stop by our shop! We are located in the heart of New York Citys Diamond District. At our local store, you can sell gold and silver and other precious metals* to us and complete the transaction in less than one day! Stop by during our business hours!
Our address is: 30 West 47th Street, Store 1, New York, NY, 10036, USA
How To Sell Your Bullion Best
Selling your bullion and getting a good bid price is every bit as intricate as intelligently buying your bullion. Full attention to detail is required to successfully sell your bullion at the best price.
When it comes to turning your bullion into fiat currency there are hundreds of online and perhaps local options too, especially if you live in a large city. I suggest when selling you only deal with proven dealers with long track records. Common sense suggests you never meet with any stranger in public to sell any of your stash unless you are looking to be robbed at gunpoint there or later on your drive home.
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Know The Difference Between Bars And Coins
While all forms of pure gold have significant monetary value, not all investment-quality gold is equal. From an investment perspective, investors wanting to add the physical product that tracks the price of gold may wish to avoid gold coins. These coins often feature attractive designs, have historic value, and contain a lower quantity of gold, but still, cost more due to their numismatic value.
In addition to costing more, gold coins sometimes skew the value of an investors portfolio. For example, the highly regarded American Eagle coin produced by the U.S. Mint contains 91.67% gold but costs more than plain gold bars because of its value as a collectors piece. Some investors may want collector’s items, while others may want plain gold bars, which typically are the easiest to hold long term and convert to cash.
Gold Bullion: Bars Rounds & Coins
Gold Bullion Bars
A flat bar struck using .999+ pure gold is known as a gold bullion bar. Ranging from 1 troy ounce to even 32 troy ounces, gold bars are available in various sizes. However, 1 gram, 1 oz, 100 gram and kilo size remain the most common weights available in the bullion market. Their popularity stems from the fact that they are worth very close to their gold melt values making them a solid investment choice.
Even though gold bars were usually struck by private mints, government mints have also started to strike gold bars for sale to the public as well.
Gold Bullion Rounds
Gold bullion rounds are flat, disk-shaped pieces of .9167+ pure gold. Although their weights may range from fractions of a troy ounce to 5 troy ounces, 1 oz gold rounds are far more popular than their heavier and lighter counterparts.
Gold rounds are generally struck by private mints, and they are worth close to their melt value as well, making them popular choices for investment.
Gold Bullion Coins
Gold coins are also flat, disk-shaped 0.999+ pure gold pieces. However, most gold coins, unlike gold rounds, carry an official face value in the country of issue. These investment instruments carry one of the highest premiums over the spot price of gold due to collector demand and official recognition from sovereign governments.
Some factors that need to be considered while comparing these gold instruments are:
1. Premium over Spot
2. Purity
3. Susceptibility to Counterfeit
4. Stackability
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How Selling Gold Online To Us Works
While visiting our NYC store in the Diamond District is definitely an enjoyable experience, its not the only way for one to sell gold bars and/or bullion to us. In fact, our online platform allows us to buy gold from individuals throughout the country, and even online we outbid all our competitors.
To sell gold online, simply request a selling kit using the provided form on our site. When you get this kit, put the gold bars and/or bullion you intend to sell in the provided envelope. Once the envelope is secure, send it back to us well cover the shipping. Worried about sending your gold in the mail? Theres no need! We insure every envelope we send, so should yours get lost or stolen, well give you the full cash price for your gold.
Once we receive your gold, well appraise it and then reach out immediately with our offer. If you accept it, well wire payment or send you a bank check. That simple process can take as little as seven days!
Its A Great Time To Sell Gold Bars & Bullion
Gold prices are currently in an uptrend, which means its a great time to sell unwanted gold bars and bullion to a trusted buyer like us. Get in touch with us via phone, our site, or an in-person visit when you want to sell gold bullion in NYC.
Gold Mutual Funds And Etfs
Rather than investing in a single company tied to gold, you invest in a basket of gold-related securities through gold mutual funds or ETFs. Gold funds may track the price of gold, include the stocks of multiple gold mines and refineries or provide exposure to gold futures and options.
Top gold mutual funds and ETFs include:
- iShares Gold Trust
- Invesco DB Gold Fund
- Franklin Gold and Precious Metals Fund
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