Gold Bullion Prices

Gold trading was very active this morning, starting with profit taking by bullion owners, followed by a surge in demand which moved the gold spot price from the $1058 level down to $1047, and back up again to hovering $1057 levels. Novice investors are advised to familiarize themselves with spot price fluctuations, because gold bullion prices generally hover slightly above the current gold spot price, which is the cost of one Troy ounce of pure gold. Many first time household investors purchase gold bullion for its’ simplicity, and relative affordability compared to rare coin. Bullion possesses no numismatic value like rare coins do, so investors traditionally purchase bullion to potentially capitalize on short-term gains.

The last two trading weeks exhibited a fully functioning model for short-term profit seekers, as gold repeatedly surpassed its’ all-time record high on various consecutive trading days. Naturally, gold bullion prices followed the spot prices’ record-setting performances, and a great many investors either reaped handsome short-term gains, or upgraded their bullion holdings, and diversified into rare coins like $20 Lady Liberty’s and $20 Saint Gaudens, for greater long-term financial security.

For the time being, novice investors can purchase one-ounce, and/or ten-ounce, 24-Karat bullion bars with reputable brand names like Engelhard, PAMP Suisse, Credit Suisse, and Johnson Matthey. Bars carry the lowest gold bullion prices because of their simplicity. Bullion coins are only slightly more costly, and most household investors purchase 22-Karat, American Eagle $50, 1-ounce bullion coins for short-term gains, and as affordable rare coin diversifications. Investors can receive institutional discounts on their bullion and rare coins by contacting one of our friendly specialists, who offer these discounts to household investors like you.

Danny Burns

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