July 15, 2009 – Since the turn of the millennium, gold has shined as one of the best safe haven assets to own during times of economic instability, and today I would like to give investors a few tips on how to price check gold bullion in order to make sure that you’re getting the best prices when entering the market. First things first, before learning how to price check gold bullion, it’s very important that you understand that this market revolves around supply and demand, which basically means that the more people that demand gold, the higher the price due to lower supply and vice versa. This supply and demand is analyzed on a daily basis by commodities exchanges around the world, and they then set a daily spot price in order to help investors determine the approximate price of 1-ounce of gold.
The most popular gold bullion products cost about 5% to 8% above the daily spot price, so simply by adding this small percentage onto the spot price you can get a rough estimate of the cost of bars or coins. Typically, 24-karat products hold higher premiums than 22-karat products, so always make sure that you know exactly what you’re looking for before making an investment decision. One of the most important things to consider when you price check gold bullion is to always compare pricing with the most reputable precious metal exchanges in the United States. You can check reputability by using resources such as the Better Business Bureau (www.BBB.org). If you seek further information on price checking, or if you would like to learn more about this elaborate market, feel free to browse this website or visit www.certifiedgoldexchange.com.
