Best Gold Price
Product | Best Price | ||
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1 Gram Gold Bar |
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2.5 Gram Gold Bar |
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1/10 oz Gold Eagle |
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5 Gram Gold Bar |
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1/4 oz Gold Eagle |
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10 Gram Gold Bar |
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1/2 oz Gold Eagle |
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30 Gram Gold Panda |
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1 oz Austrian Gold Philharmonic Coin |
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1 oz Gold Krugerrand |
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1 oz Gold Maple Leaf |
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1 oz Valcambi Gold Bar (New w/ Assay) | Shop Now | ||
1 oz Gold Bar |
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1 oz Gold Eagle |
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1 oz Gold Mexican Libertad |
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1 oz Australian Kangaroo |
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1 oz American Gold Buffalo |
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1 oz Gold Britannia |
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10 oz Gold Bar |
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1 Kilo Gold Bar |
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If you are interested in investing in gold, you may be wondering how to get the best gold price. When looking to acquire as many total ounces as possible; there are a few key tips that can help you stretch your investment dollars.
Stick to the basics: If you want to get the best price possible for your gold purchases, keep it simple. Gold bars and coins can have very different per-ounce premiums. Gold bars tend to be less costly for refiners to produce, and often contain less design detail than bullion coins. When looking at gold bullion bars, you can even compare minted ingots versus cast bars. Minted ingots will have a sleek, shiny finish while cast bars will have an aged, rustic appearance. This is due to the production process. Cast bars are made by pouring liquid gold into molds and allowing the metal to cool. Cast bars may have lower premiums than minted bars.
If you are considering gold coins, stick to bullion coins. Although collectible or numismatic coins may be enticing, they can carry significantly higher premiums over bullion coins due to their low mintage, relative scarcity or other factors.
Shop around: It has never been easier to compare gold dealers than it is today. Although you can shop at local coin and bullion shops, you will definitely also want to compare online dealers. Online dealers may have larger inventories and lower overall premiums. This makes sense given the fact that online dealers do not have the costs of doing business that are associated with a brick and mortar store. Not only that, but shopping online dealers can be done from the comfort of your home or office. This allows you to really take your time comparing dealer prices and shipping costs to find the best deals available.
Buy in bulk: Whenever possible, look to buy in bulk. Buying larger gold bars, for example, may offer a better per-ounce price than smaller bars. This is due to the fact that the refiner cost of producing a 1 ounce bar and a 10 ounce bar are very similar (not considering the metal content). Not only can a larger weight bar offer a per-ounce cost savings on the bar itself, but it may also potentially save money on shipping as well.
If you are looking at gold coins, you can often find a better total price by buying coins in bulk. Many dealers will offer a lower per-ounce cost on staggered purchase amounts. For example, a dealer may offer one price for 1-9 coins, a lower price for 10-19 coins and an even lower price for 20+ coins. Larger purchases of coins may also be for mint tubes or monster boxes.
One other simple trick to get the best gold price is to pay by check or bank wire. Dealers will typically charge a slightly higher premium for credit card purchases to make up the credit card processing fees. These credit card fees can add up to several percent and can be quite substantial on larger purchases.