Gold Exchange I Gold Investment Company
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LIVE SPOT PRICES Gold Spot:$1,943.10 0.0% Silver Spot:$23.630.3% view chartview Chart

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Understand how the gold price works.

The following gold price chart reflects the current spot price in the U.S. dollar.

Gold is priced in per troy ounce in the U.S. and per gram internationally.

The gold spot price is the standard used to determine the current market value of gold at any given moment.

 

gold-spot-price

The London Bullion Market Association (LBMA) and COMEX set the gold price per ounce for the paper precious metals market. This does not include the cost of physical delivery associated with a typical gold bar. Investors will always pay a premium above the live gold prices when buying coins or bars.

Gold Price FAQs

How is the gold spot price in USD determined?

Gold trades globally at multiple exchanges. The most important being in New York, Chicago, Hong Kong, Zurich and London. The COMEX is the primary exchange for determining gold spot prices in dollars. It’s done by calculating futures contracts data.

What influences the gold price?

There are many different factors that can affect the gold price performance. Including supply and demand fundamentals, currency devaluation and geopolitical risks. Central banks monetary policies can also have a major impact on the value. And the performance of stock and bond markets as well.

How much gold is in a troy ounce?

A troy ounce weighs 31.10 grams. The unit of measure originated in Troyes, France in the Middle Ages. It’s currently used with gold and other precious metals.

Is a troy ounce different than a normal ounce?

Yes, a traditional ounce weighs 28.35 grams. A troy ounce, used exclusively in the precious metals industry is 31.10.

How many troy ounces are in a kilogram of gold?

A kilogram of gold contains 32.151 troy ounces.

Is it a good time to buy gold right now?

The decision to buy gold is a personal one. It can be effective at balancing a diversified portfolio. Especially in times of elevated economic risks and volatility. In the past gold has done well when paper currencies drop in value. It can also perform well when stocks, bonds and real estate fall. The idea is that gold and silver, rise inverse to other assets that are falling.

Will gold prices fall?

No one can say for certain what the gold price will do in the future. But typically when a currency falls in value, you need more of it to buy gold. And currency values all around the world are falling because of inflation. That’s bullish for gold. Yet, there are times when gold prices will fall, to “correct” themselves if they moved up too fast. Because nothing moves up in a straight line. So it’s important to have an outlook of at least a few years when you buy.

What is the all time high gold price?

The gold price reached an all time high of $2,069.40 in 2020.

What is gold bullion?

Gold bullion is a coin, bar or round that’s value is mostly derived from it’s metal content. Unlike collectible or numismatic coins that are more valuable because they are rare. Gold bullion ranges in purity from .999 to .99999 fine gold.

What is the “ask” price of gold?

The ask price represents the minimum offer to sell an item at that specific time.

What is the “bid” price of gold?

The bid price represents the maximum offer to buy an item at that specific time.

Why do gold coins and bars cost more than the spot price?

The live gold spot prices on the chart above represent the prevailing price of a .999 troy ounce on the COMEX . This is the paper price of gold and does include physical delivery.

This live gold price also does not factor in the mark-ups from the mints and manufacturers. Or the distributors and dealers who retail the gold products.

How do mints mark-up their products?

The U.S. Mint for example, buys gold bullion bars at live prices from suppliers on the open market at a mark-up above spot. Upon receipt they verify the bars hallmark, weight and purity.

They then send them to a vendor who will melt and alloy them to the fineness required. The vendor then ships universal blanks back to the Mint who again verifies the metal content.

The Mint then begins the production process. They strike the blanks, converting them into gold coins. Then they are individually inspected for quality. After passing, they are packaged into plastic tubes of 20, then a Monster Box.

The Mint then marks-up each gold coin and sells them to authorized dealers. Those dealers then mark-up the coins and either sells them to the public and/or wholesale to other gold dealers. Delivery and insurance is also factored in at each transfer of ownership.

What is a gold dealers buy/sell spread?

The majority of gold dealers set a buy and sell price for each item in their inventories. There is always a difference between what gold dealers will sell you an item for, and are willing to buy it back for. Even if the gold prices have not moved. This price difference is the buy/sell spread. This profit is what enables companies to remain in business.

Do all gold dealers set a buy/sell spread for the gold coins they’re selling?

No! In fact, the Certified Gold Exchange does not set prices for any item. We are not a market maker. CGE is a market beater. Investors can get the current value of gold coins from any qualified gold dealer and bring us their quotes. We will then beat their current price on both sides of the transaction. See the details of our Price Match Plus Guarantee here.

What physical gold can I buy closest to the spot price?

The following gold bullion items can be purchased closest to the spot prices:

Gold Bullion Bars
Gold Bullion Coins
The larger the gold bars, the smaller the premium above spot prices you’ll normally pay. For example, 1 kilo gold bars will likely have a premium less per ounce than a one ounce gold bar.

Gold coins with collector value carry premiums above bullion products. Because of the limited quantities available of those items the purchase price is higher.

How do I buy physical gold?

You can buy physical gold by simply calling us at (800) 300-0715. You then choose the gold products you would like to buy and we perform our Price Match Plus Guarantee. This ensures you get the best purchase price available with us.

Upon agreement, we email you a confirmation of your order and wiring instructions. Once you fund your account, we will typically ship your product within 72 hours. Upon taking delivery you confirm you’ve received your precious metals safe and sound.

How do I buy physical gold in my IRA?

If you have already a Self Directed IRA that allows you to hold precious metals, call us at (800) 300-0715. We’ll help you to create a portfolio and complete the paperwork to make a purchase.

If you don’t have a Self Directed IRA yet you will need to establish one. You’ll then fund it by transferring funds from your existing retirement account. Once that’s complete you can purchase metal for your account. The Certified Gold Exchange can help with the complete process.

Please visit our Gold IRA Rollover page, “19 Essential Facts to Know Before You Invest” for more details.

How do I liquidate gold?

Call the Certified Gold Exchange at (800) 300-0715. Request the current value for your gold today. We will perform our Price Match Plus Guarantee. Ensuring you receive our high buyback available on that given day. Once agreed upon we will send you instructions on how to package up and ship your gold to one of our depositories. Upon receipt and inspection we will typically wire the proceeds to you within 48 hours.

How do I liquidate gold in my IRA?

Call us at (800) 300-0715 and request a buyback quote. We will perform our Price Match Plus Guarantee and send you the results. Upon agreement, we will send you documents to sign that will allow us to buy your metal. It will then be moved from your account at the depository to ours. At which point we will wire the proceeds to your account at the custodian.

Please visit our “How to Sell a Gold IRA” page for more details.

Is it better for me to buy from a local coin shop?
The physical precious metals industry is very competitive. Online dealers have some advantages to local coins shops. Online gold dealers have a much larger clientele. This enables them to offer lower prices. They will also usually have a much larger selection of gold and silver items.

What is the gold silver ratio?

The gold silver ratio reflects the relationship of the gold price per ounce to the silver price. Or in other words, how many ounces of silver it takes to buy an ounce of gold.

Investors often use historical data of the gold silver ratio to determine which one is under valued.

For example, a gold to silver ratio of 80, would imply that the silver price is undervalued compared to gold prices. Whereas a gold silver ratio of 40, would imply the gold price is undervalued compared to the silver price.

Do the silver price and gold price move up and down together?

Historically, both gold and silver have moved up and down in tandem. Gold prices tend to move up first, and after a short lag, silver catches up. According to historical data silver bullion outperforms gold in a bull market.

Besides the gold price per ounce, what else is important to consider when buying gold?

Choosing a reputable gold dealer with a long term track record is the most important factor.

It’s also important to have a safe place to store your metal before buying. Most gold investors either store their metal in a safe at home, or a third party, insured depository.

Are gold certificates a good investment?

Gold certificates can also refer to an Exchange Traded Fund or ETF. An ETF allows you to gain exposure to the gold price performance. But you don’t own any physical metal. ETF’s can be convenient because most brokerage accounts offer them. And because it’s not a physical product, the fees can also be less.

Gold certificates can be good for short term investing. If you only want to take advantage of the gold price movement. But many people think, “If you can’t hold it, you don’t own it” and will typically prefer physical precious metals to a paper product.

What is a gold futures contract?

A gold futures contract is an agreement to sell or buy gold at a specific price at a certain time in the future. For example, if you buy a December 2023 gold futures contract. You would then have the right to take delivery of 100 troy ounces at that time.

What are gold stocks?

Gold stocks refer to stocks in gold mining companies. Investing in gold mining companies can be a lot more risky than owning gold outright. Because you’re investing in a company and a team of people. If you invest in well run, profitable gold mining companies they can do very well when gold prices are on the rise.

Besides COMEX and LBMA what other exchanges set gold & silver bullion prices?

World gold prices are set by different exchanges in their respective countries. This includes, the Shanghai Gold Exchange, Moscow Exchange , Borsa Istanbul, Dubai Gold & Commodities Exchange, ICE Futures, Bursa Malaysia and the Tokyo Commodity Exchange. Each of these exchanges sets the current price of gold and silver in their own currency per troy ounce or gram. They all provide gold price charts in their own currency.

What is the World Gold Council?

The World Gold Council is a non-profit association of the worlds largest gold mining companies. They help to develop the gold market. They publish research about current and historical gold prices and the factors that led to them. The World Gold Council launched the SPDR Gold Shares ETF.

Belinda MurelBelinda Murel ★★★★★ Working with Pat and the team at Certified Gold Exchange made the process of diversifying my retirement savings stress free. I’m confident the selection of precious metals offered were the best fit for my situation and at the best price. No high pressure sales tactics, just fact based answers to the questions and concerns I had. Highly recommend.Timothy FeeleyTimothy Feeley ★★★★★ Working with Certified Gold Exchange has been a positive experience. Working with Pat is not just working with another business vendor, I feel I am working with a trusted advisor. No hard sells. No wild claims. His explanation of the paperwork process between companies and his follow-up during the process is excellent. I appreciate his fact-finding approach to my specific needs. He always had time for me to ask questions and/or discuss ideas I was thinking about. A good business relationship.Warren RichardsonWarren Richardson ★★★★★ I had an excellent experience with Certified Gold Exchange. I dealt directly with Pat Collins who was professional, knowledgeable, informative, and very easy to work with. He responded quickly and precisely to any and all of my questions. Very highly recommended!Edward AlbertEdward Albert ★★★★★ I was looking to liquidate the precious metals in my IRA . The horror stories I had heard of about some gold and silver dealers had me very apprehensive. When I called Certified Gold Exchange and talked with Patrick, I quickly felt a sense of trust in his voice. He answered all my questions and understood my fear of getting taken advantage of. He and his team work very hard behind the scenes ensuring the transaction to go smoothly. As a result CGE has earned my 5 star rating! I will contact them again if I want to buy or sell in the future!ALAN BROWNALAN BROWN ★★★★★ Certified Gold Exchange's website really jumped out to me as I began researching precious metal IRA's. I found it to be incredibly comprehensive and informative, answering questions I did not even know to ask and alerting me to bad practices within the industry as well. So, I called and found the CGE team to be every bit as helpful as the website. They were responsive immediately and throughout the process of establishing an account and funding it. They were particularly helpful when dealing directly with my current custodian and getting funds rolled over. Pat and Mary have been courteous, personable, and very professional working with me and even helped with questions outside the immediate business at hand. I have already referred friends to CGE and will continue to do so.Alison WeinbergAlison Weinberg ★★★★★ Pat and team are very knowledgeable and professional!Ismail KenessyIsmail Kenessy ★★★★★ Customer since 2005. Professional, courteous, and helpful. CGE walked me through the process and provided the best prices available with minimum costs. Excellent service.Joe MurrayJoe Murray ★★★★★ What super service I received from the Certified Gold Exchange precious metals IRA team. Wow is all I can say! I had a large amount of coins in a gold and silver IRA for many years and decided to sell. I spent just about a whole day talking to several metals dealers about purchasing my metals. Call after call I did not feel good about what I was hearing with these dealers so I called the company that helped me set the gold and silver IRA up. Their name is Broad Financial LLC. I explained the problem I was having with finding a buyer and they said that is common in the industry. They told me to call the Certified Gold Exchange, Inc in Fort Worth, Texas. I spoke with Mr C there and was impressed that their quote was above the spot price (because I was hoping to get the spot price). They explained that American Eagles buy back at over spot and I said not with all the other dealers I called. I shipped the metals to their New York depository following the Certified Gold Exchange's instructions. Candace at CGE tracked the package every step of the way and I was updated along the way. Then when my metals arrived at the Certified Gold Exchange depository they told me that several of my coins were actually American Eagle Proof coins, not the bullion version I thought I had. They increased their original quote by $3000.00 dollars! Shocking that a company would be so honest because they could have just sent the original amount and I would have been happy. Needless to say I will never deal with a different metals dealer except the Certified Gold Exchange. Their gold IRA team is the best by leaps and bounds. I highly recommend Candice, Mr. C and the CGE team to any one looking to buy or sell metals with a great experience. Americans trusted source For Gold is not just a tagline with these folks.ted okolowiczted okolowicz ★★★★★ After searching and checking out different metals companies, I decided that Certified Gold Exchange Inc. was my choice. They have exceeded my expectations and made my IRA rollover easier than I thought.You can be very confident by the way every step was handled (very professional).So kudos to the whole TEAM and thank youJoseph GlassmanJoseph Glassman ★★★★★ I had a very good experience with Certified Gold Exchange and I highly recommend anyone considering a IRA Rollover into precious metals, talk to David White at Certified and do business with them. They are honest and will have your best interest as their concern.. David took care of my needs completely with honest and fair pricing. I shopped around and decided on Certified.Lefty and Mary JamoraLefty and Mary Jamora ★★★★★ Thank you David and Pat for educating us on the gold and silver markets. Pat especially helped us thru our first purchase of silver.M PhommahaxayM Phommahaxay ★★★★★ So glad I found CGE! Although, they don’t do business in my state, David White was so kind to take the time out of his busy schedule to educate me on precious metal investing. His advice was extremely valuable which saved me a ton of money. I would definitely recommend and refer any of my friends or family members interested in investing in precious metals in their service area. So thankful for David and this company!Rickey JohnsonRickey Johnson ★★★★★ My experience so far with Certified Gold Exchange was all very positive. Everything went smoothly and P. Collins was awesome in helping us navigate through the process.Aaron BrabhamAaron Brabham ★★★★★ I called Certified Gold Exchange to get information on a crypto currency IRA. I had a ton of questions and Steve not only answered all of them but also informed me of many things I had not thought of.I decided to invest $60k and in just three months it's over $120k! Not only that, the team at Certified Gold Exchange has excellent customer service.I highly recommend them.Mark OLearyMark OLeary ★★★★★ Philip with the certified gold exchange was incredibly helpful in helping me to setup a Cryptocurrency IRA. He knew exactly what questions to ask my existing custodian to make the rollover as seamless as possible. In just a short few months with the recommendations of Philip; I have already seen over a 250% return on my investment. Highly recommended.Gal TabGal Tab ★★★★★ The reason I give it the maximum stars is because everything happened just the way they planned it. I invested a considerable sum of money with them and as anyone would be, I was a little scared. I did my research and They came highly recommended as being ethical brokers. Their fees are very competitive and look forward to doing more business with them.Diana FincherDiana Fincher ★★★★★ I rolled over my IRA into Silver a couple of years ago and made a friend! Agent Pat C, Certified Gold Exchange, Inc., has far exceeded my expectations with continuing, careful watch over my investment. He always surprises with immediate personal response to my slightest question and inspires confidence to hold to The Plan. Pat’s personal touch and excellent recall is reassuring and has proven that he will keep me informed when any changes are advised. Ask for Pat - he’s excellent, excellent!Steve AstinSteve Astin ★★★★★ This was the 3rd company I called and by far the most professional. Thanks Patrick for the great service!Alicia O'RearAlicia O'Rear ★★★★☆ Thank you for donating 16 bibles for our foster children at Albuquerque Christian Children's Home! This is a wonderful company with a heart for ministry.Kyle SandersKyle Sanders ★★★★★ I was interested in doing a gold IRA rollover and contacted several firms after researching on the web. Certified Gold Exchange's website had the most useful information by far compared to other firms. Their representatives have been a pleasure to work with--professional, answered every question I had, and I'd recommend them to anyone looking at a gold IRA rollover.Robby BryantRobby Bryant ★★★★★ I am a Certified Financial Planner, and Certified Gold Exchange has helped us purchase gold for 16 years without a hitch for our clients and at excellent prices. We couldn’t be more satisfied!Anne SayreAnne Sayre ★★★★★ My husband and I were thrilled with the service we received at Certified Gold Exchange! Shipping our gold to us was quick and very simple. So happy we did not have to pay for the TV advertisements with celebrities like so many of the other precious metal companies. We will be buying again from CGE!Neenah PayneNeenah Payne ★★★★★ Certified Gold Exchange, Inc. is a highly professional firm that was a pleasure to do business with. It provides fast and accurate service. The firm went out of its way to be helpful on a number of key issues. I highly recommend them. I was extremely lucky for several reasons to have called the Certified Gold Exchange, Inc. when I was ready to sell my gold and silver coins. When I called the firm, Liam on the service desk explained that they scan hundreds of gold dealers to get me the best price. That was very comforting.When I spoke with coin dealer David White, he was able to give me a quote in 3.5 hours. He also explained the importance of shipping my coins via registered mail with the Post Office. David said that the Post Office requires a registered box to be sealed with brown paper tape to prevent tampering. David emailed me links to sites that showed the right tape to use and how to seal the box. He called several UPS stores in my neighborhood to try to find the tape for me. In the end, I bought the tape from the Post Office. David explained that while Fedex and UPS would ship the coins, since they are not allowed to ship gold or silver, I would have no recourse if my coins were lost. David even gave me his home number so I could reach him after hours if necessary.My experience with Certified Gold Exchange, Inc. stands in stark contrast with how two other coin brokers responded. The firm from which I had bought most of my silver coins never called me back. On November 13 when I called the broker from whom I had bought most of my gold coins, I couldn't get through on the phone. So, I emailed them and it took 5 days for them to respond! The broker didn't give me a quote until December 2 -- and then only for some of the coins! He said he would tell me what they would pay for the other coins after I shipped them!In addition, that broker explained that one of their customers had lost all their coins valued at $22,000 because the box was tampered with and they had failed to insure them for the full amount. However, I knew by then that if the firm had told the customer to ship the coins via registered mail as Certified Gold Exchange, Inc. does, the box could not have been tampered with.So, Certified Gold Exchange, Inc. is the only gold and silver dealer I recommend. The level of service is truly remarkable.Jovita GarcesJovita Garces ★★★★★ What do you do with what little you have to put away for the future? After my divorce 16 years ago, I decided I needed to find an IRA and invest my children's money into something that would retain and grow in value through the years. I found a great website called Certified Gold Exchange that intrigued me and when I called, John listened and understood my needs and helped me understand the value of investing in rare coins and precious metals before taking that all important step. I am happy I took a leap of faith knowing the prospect for growth in my precious metals IRA and children's funds for college and maybe first home some day was very real. I believe I made the best choice for our future. I can always trust CGE to give me honest and dependable service everytime I call in them.Maria SMaria S ★★★★★ Patrick Collins and Certified Gold Exchange (CGE) Team: I appreciate the support, you took me on for this transaction when I wasn’t even an existing client. (Yes I know CGE made some money). It was you manner, caring and fast response that made me feel very comfortable with you.Your interest in helping me on such short notice shows how much you care for your clients. I hope 🤞 to have you as one of my financial team in the future.Natalia ArizaNatalia Ariza ★★★★★ Certified Gold Exchange is the best metals company in the US hands down!Paul LiftonPaul Lifton ★★★★★ Piper PetersonPiper Peterson ★★★★★ It's not always the case with precious metals dealers but the Certified Gold Exchange hires the best advisors in the industry and this is the reason for their outstanding reputation.Eric BenjaminEric Benjamin ★★★★★ We have purchased from several dealers and hands down these guys have been the best. Above and beyond are the words I would use to describe their service. You will not be disappointed if you have been on the fence about buying!Josh SingerJosh Singer ★★★★★ Working with Certified Gold Exchange has been a great experience. The Certified Gold Exchange staff are very very good communicators and clearly have a lot of experience. Anytime we had a question or needed anything from them they responded the same day, if not the following morning. I would recommend working Certified Gold Exchange. Hands down great communicators and great business people.Burt DumertonBurt Dumerton ★★★★★ I have been working with Certified Gold Exchange Inc. since 2005 and have found them to give exceptional service and prices for precious metals. They have always treated me with great respect and given extraordinary personal attention to my account and to me personally. Their advice on many occasions have kept me from making some pretty serious errors in my investment decisions. They are prompt to return my calls and take special care to not be pushy or arrogant. Excellent to do business with. Give John a call.js_loader
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10 GOLD IRA SCAMS
DEALERS USE ON YOU

10 Gold IRA Scams Dealers Use On You

10 Gold IRA Scams
Dealers Use On You

Secure your retirement! Avoid these 10 Gold IRA scams.

Secure your retirement!
Avoid these 10 Gold IRA scams.
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    We Do Not Allow Visitors to Our Call Centers. 
     
    The Certified Gold Exchange is a national volume discount dealer supplying popular bullion and PCGS certified coins. Since 2020 most of our representatives work remotely. We no longer allow visitors to our Fort Worth Call Center but you can still get the same great service by calling.
     
    Our institutional staff does take visits from bank, and corporate clients. 
    To learn more about this policy please call 800-300-0715

    10 Gold IRA Scams Dealers Use On You

    10 Gold IRA Scams
    Dealers Use On You

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    Secure your retirement! Avoid these 10 Gold IRA scams.

    Secure your retirement!
    Avoid these 10 Gold IRA scams.
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      Discover 7 Secrets Your Gold Dealer Doesn't Want You To Know