Gold Spot: 1,959.80 | 0.0% |
Silver Spot: 23.16 | 0.0% |
Gold bullion bars are considered by some to be the be-all and end-all method of gold investing. How do companies like Credit-Suisse sell billions of dollars worth of gold bullion bars each year?
You can find a gold bullion bars sale relatively easily using major search engines like Google or Bing, but what constitutes a true sale on gold bullion bars? How can one know if the price tag on a Credit-Suisse gold bullion bar is fair, the real deal, a bait-and-switch tactic or an outright scam?
Gold bullion bar prices usually run 2-4% above the gold spot price. That 2-4% covers the refining and manufacturing costs, shipping from the refiner to the gold dealer’s depository and shipping from the dealer’s depository to you. Some companies have been known to sell a standard one-ounce gold bullion bar for as much as 10% above the gold spot price, but such cases as the exception, not the rule.
Gold bullion bars never sell at or below the gold spot price, except in rare cases where an individual needs cash fast or a company organizes a short-term promotion. Buying gold bullion bars at or below the gold spot price could result in you losing your money altogether or ending up with less-than-pure gold bars.
The brand, or hallmark, of a gold bullion bar can affect the price somewhat, but the difference in price between a well-known bullion bar brand (i.e. Credit-Suisse) and a lesser-known brand is so minimal that savvy investors almost always buy bars with globally-recognized hallmarks.
Large-volume purchases usually result in a discount. The Certified Gold Exchange, for example, can offer investors who purchase 10 ounces or more of gold bullion bars a price of less than 2% above the gold spot price. Certified Gold Exchange advisers are trained to check all major exchanges before giving quotes so we are always able to offer our best prices to serious investors.
In addition to saving you time from scouring the Internet for gold bullion bar sales, we also offer free and insured home delivery for gold bullion bar purchases of 10 ounces and up. The lack of shipping, handling, commissions or other hidden fees is, in our opinion, the reason our gold bullion bar sales are so effective.
We also purchase gold bullion bars from the public and other gold bullion dealers, who can ship products to our Dallas, Salt Lake City or Wilmington depositories once receiving a confirmation number from a broker. Our non-commissioned advisers are available 9am-6pm EST Monday-Friday and you can call us at (800) 300-0715 or send us an email. We look forward to speaking with you and assisting you with your gold bullion needs.