Sunday, September 19, 2010

Gold Bullion Spot Price

Gold Bullion Spot Price

The popularity of buying gold has definitely sky-rocketed. It is because people have understood that it is easier and safer to invest in gold rather than buying shares and bonds. Other modes of investments are drastically affected by the market conditions however; gold prices will definitely go up even when the market is in crisis, so the best thing to do would be to always go in for gold bullion which is specifically manufactured for the purpose of investment.

The value of gold will definitely increase from time to time and investing for gold means that you can enjoy the fruits of your investment 2-3 decades from now. Never think of investing in gold for shorter periods as it will not be effective and is not a very good choice as well. Gold investment will fetch you at least 2-3 times more of your invested money only if you would hold it for more a longer period.  Gold bullion coins and bars are the most common variety of gold bullion products which are available for sale. The purity of gold bullion varies, but the value of the gold bullion depends on the amount of gold which has been used to prepare the gold bullion coin or bar. From 1 g to 10 g and bigger variety of gold bullion products are also available for all those people who are looking forward to investing a large amount of money in gold. Spot prices of gold are determined everyday depending upon the largest sized gold purchases that are carried out for the day. This price is not fixed and keeps on varying all throughout the day till the markets close at 2:30 p.m. New York time. This spot price of gold is around $2000 as of now for one ounce of gold bullion coins and bars.

Gold bullion spot price is a varying factor and has to be checked everyday if you are thinking about investing or selling your gold.

Wednesday, August 11, 2010

What are Credit Suisse Gold Bars?

The credit Suisse gold bars are preferred medium of investment by gold bullion investors. Apart from pure investment purpose, they are used for gifting or as collectors’ priceless possessions. The credit Suisse gold bars are stamped according to the individual preference of the buyers.

While the price of Suisse gold bars varies as per regular market upheavals, they can be bought for as low as 700 pounds. Credit gold Suisse bars is not available all the time; buyers have to intimidate a company regarding their interest and specifications, and they are thus custom created. The makers of Suisse gold bars guarantee 99.99% purity gold and they are perfectly 24 carat in measurement. The purity percentage and weight of the gold bars are stamped upon each gold bar individually.

As an investment venture, the Suisse gold bars are safe under the direction of credit Suisse Bank of Switzerland. The standard size of Suisse gold bars is 15 / 8inches and 15 / 16 inches. Among worldwide buyers, the one troy ounce is the preferred bar size. Due to its global appeal and acceptability, the Suisse gold bars can be sold and bought from any world market, any time – it’s the best secured investment.

Wednesday, July 28, 2010

What is Canadian Gold Bullion?

The Maple Leaf coin is a term used to describe the Canadian gold bullion coin which was first introduced way back in 1979. It holds the prime distinction of being the first coin  with 99.99% pure gold. If you want to buy a gold coin, the Maple Leaf should be your goal. It is an investment that is practical, easy to sell, and can be sold anywhere in the world.

All Canadian gold bullion coins are certified by the Canadian government, and this cements its value in the international market. You can buy these gold coins in troy ounce sizes of ½, ¼, 1/10, and 1/20 which means almost anyone with additional capital to invest can afford to buy a Canadian bullion coin.

When you buy a Canadian gold coin, you are acquiring a piece of history. When the Canadian gold coin was first introduced to world, it was never intended to be used as a form of currency. At that time, there was only one other gold bullion coin which was made in South Africa. This Krugerrand coin uses 22 karat gold so when the Canadian version came out as a 24 karat coin, it quickly surpassed the South African coin in value and demand.

When you see the Canadian coin, on one side it has the signature maple leaf, and on the other, the profile of Queen Elizabeth II. It has a diameter of 30 mm, and a thickness of 2.87 mm. It weighs about 31.150 grams and currently valued at $50 Canadian if used for legal tender.

Buying or selling of this Canadian bullion will be based on the current price of gold in the international market. Thus, your investment can either remain steady or shift value depending on market trends.

Monday, July 19, 2010

Tips to Buy Gold Bullion Ounce

People love to invest in gold bullion especially in tough economic times, because when the market is fluctuating and the entire circumstances with bond and shares is uncertain, gold will still fetch you a good price no matter whatever is the economic situation. It is especially noted that when the economy is performing badly, the gold rates definitely go high and taking advantage of this fact will help us to reap long-term benefits. Buying gold bullion should always be considered as a long-term investment and care should be taken not to cash in the purchased gold bullion for short-term goals or purposes. The investment in gold will never become a negative one because gold is and will always remain a precious metal and thus it will continue to fetch amazing price for you for years and years.

The popularity of gold bullion is because of the fact that this gold has been specially made for people to invest in. They appear in the form of bars and coins and their purity usually alters from 22K to 24K. However, while considering gold bullion, it is not the purity of the gold in the gold bullion item but the amount of gold which is present in the same which matters. Do not mistake items of gold jewelry as gold bullion. Gold bullion coins and bars of different weights shape and characteristics are available, out of which the one-ounce gold coin is quite popular as it is easy to procure and store and most of the people can afford it. Also, they are widely in use and are available with all the gold bullion dealers and thus consumers definitely like to invest in gold bullion one ounce coins.

The finest variety of gold bullion one-ounce coins is the American Eagle, the South African Krugerrand and the Austrian Philharmonic and gold bullion investment is a very mature, life-long investment.

Friday, July 16, 2010

Gold Bar Buy Tips - A Discussion of Gold Nuggets As Collectors' Items

Are you looking for gold bar buy tips? The lowly gold nugget has not been shown any interest at all until very recently. Now there are many individuals who have decided that prospecting for gold nuggets is a wonderful and profitable hobby while others would prefer to simply purchase these rare collector's items. Nuggets that are of a good size are now sold for premium prices when in the past they were simply melted down and not given a second thought. The reason for this change in attitude is due to the fact that less than two percent of gold is found in nugget form; the fact that each nugget is thought to be completely unique, much like a snowflake.

Today gold nuggets are so rare they can only be found in parts of Australia, the rivers of California, and some sections of Alaska. Many people go to these areas with metal detectors to find their gold nuggets, which are usually tested to be 92 to 99.6 percent pure gold. For those who think that they could prospect for this type of gold it is important to remember that this is not as easy as it sounds; it takes the right determination, equipment, luck and patience to be successful.

If you are truly interested in gold bar buy tips, it may be interesting to know that during the days of the gold rushes those who found nuggets would simply melt them down and then sell their gold at weight prices. Even when the price of gold was at its highest those who had nuggets had them melted down into bars and sold them in that form.

This was the general practice till 1990, before then all nuggets that were found were melted down. Now prospectors and collectors alike think that finding and acquiring gold nuggets is much more than a hobby since the price of the nuggets is much higher than if you purchase gold at weight; this is due to the fact that gold nuggets are considered one of the world's rarest gemstones. Gold nuggets are even rarer than gold dust since most of the gold bullion which is on the market today is made from gold dust and struck into coins.

The Origin of Gold Dust

The gold nuggets found today are primarily found in Western Australia, Gilmore Creek in Alaska, and Northern California. There are three classifications: Large which are nuggets that weigh up to one troy ounce; medium which are those that weigh between 5 grams and half a troy ounce; and small which are nuggets weighing less than 5 grams. Anything weighing more than an ounce is very rare when it comes to gold nuggets, but the largest ever found weighted 27.7 kilograms and was 46 centimeters in length. It is currently on display at the Golden Nugget Casino in Las Vegas and is named the Hand of Faith.

It is believed that gold nuggets are formed by precipitation of the gold by different chemicals that rise from deep in the earth and distribute the gold deposits to the surface. Unfortunately, all the gold that was once on the earth's surface is already gone and much of what is buried just below the surface has already been found as well. This means there are only very small pockets of gold nuggets left on the earth for us to find.

Saturday, July 3, 2010

How to Purchase Gold Bullion

Are you wondering, how to purchase gold bullion? Well, I hear you! It is extremely important  to understand how to make such a purchase before you actually make it.  This way, you'll be assured that you've made a very good purchasing decision. In this article, we'll give you some tips on gold bullion purchasing strategies. Let's begin.

Know the facts. You can now purchase gold bullion bars as tiny as one gram however purchasing gold in these tiny quantities isn't practical and can be quite expensive indeed.  Therefore, when purchasing gold bullion, keep your budget in mind and don't deviate. This will help you clearly identify the different mints and dealers to determine which one offers the best deal within your budgetary constraints.

Choose a dealer wisely. Choose a mint dealer that is established. It isn't advised that you buy off of eBay unless you understand that the dealer is established and has good feedback scores. The Perth Mint is a good location to buy Australian gold bullion.

Obtain the recent value of gold per gram or ounce in U.S. dollars. This is the official one used. Compare this with the cost of the bullion bars being offered.

Choose the bar or bars which more closely match your budget and give the lowest margins.

You'll also need to ask yourself if you really need a certificate. This will be valuable if you later want or need to resell the bar. Yet, with the tinier bars, unless you're ready to hold onto it for a considerable duration, you're unlikely to get back your money due to the margin you'll be needed to pay unless the value of gold remarkably increases.

When you have picked what you wish for, you'll just pay for the bar and wait for its delivery. Many individuals collect gold bullion as a method of increasing or preserving their asset base. A few collect just as a hobby that is rewarding. Whatever the reason, if you're considering whether you'd like to purchase gold, then the information above will help you to know how to purchase gold bullion.

Friday, July 2, 2010

What is a Gold Bullion Ingot?

What is a Gold Bullion Ingot?

Gold bars that are cast with mold rather than being stamped like a gold coin is called as gold ingots. They are also commonly known as Gold biscuits. They are tougher and thicker than coins. Their weights vary from a minimum of 1 gram to a maximum of 12.5 kilograms or 400 ounce troy weight. These gold ingots or gold bars are mostly used in international markets by large companies, business and banks that wish to store their assets in this form.

In general, ingots are not purchased and sold among the small investors as their price range will not vary a lot. They are ideal for storage in safe volts around the world. Many Governments also use them as a hedge against inflation. They are not moved easily though the ownership may change hands.

It is not economical for manufacturers to make gold ingots in small size, typically under  10 grams, because it will n ot be a lucrative investment for them. There will be premiums involved and it will take time for the investors to get any appreciation on their investment. A minimum of 10 ounce of weight in the bar is required to get good profits. In short, it is a good idea to invest in gold bars because they are safe and can give good returns over a period of time.