Gold is one of the oldest and most trusted stores of value we have. Individuals, institutional investors and banks hold gold bullion as an investment, or a hedge against currency fluctuations and uncertainty.
The current spot price for gold (as of the 23th of November 2022) is $56.10 per gram, $56,102 per kilo, or $1,746.60 per ounce. Overall, prices in 2022 have skyrocketed, reaching $2,074 per ounce at the highest point.
Gold is a commodity, which means it has a market value that is constantly fluctuating. Any sales of gold bullion are based on the current gold spot price, which is the current price of gold in the market, at the time of the sale.
This email will go to our contact at Abe Mor who has helped thousands of our readers sell their gold and diamond jewelry. They consistently offer the highest prices for our readers' jewelry. Please include the weights and details of the jewelry. Images are helpful as well.
This is the current wholesale price of gold. When selling gold you receive a percentage of the price. We recommend asking Abe Mor for a quote as they have consistently offered the highest percentage to our readers.
Many businesses that offer cash for gold do it to resell your gold at a markup, meaning the price they offer to buy your gold for will be a lot less. These stores, such as pawn shops that operate on a buying and selling model, need to offer less than what your gold is worth in order to make a profit.
Some people may be more comfortable selling to a local dealer, however, be sure that the dealer you choose is a trustworthy one. Many unscrupulous dealers may use the in-person transaction to pressure you or mislead you into selling your bullion for a low price. Check reviews and recommendations before heading in, and get an approximation of what your gold is worth before going in.
Bullion Trading LLC is a reliable and experienced gold dealer with 30+ years of reputation in the bullion industry. Established in 1988, Bullion Trading is undoubtedly the best place to buy gold in NYC.
Customer service is our top priority, and we strive to offer you the best customer satisfaction with all your gold and silver bullion needs. We offer the best gold, silver, and other precious metal prices in NYC and online with the highest-rated customer service.
Trading in gold and other precious metals is risky because the market is volatile. Past performance is not indicative of future returns. This is why we encourage you to read Our Terms and Conditions carefully before making purchases, selling, or placing orders with BULLIONTRADING LLC. Refer to Safety Tips from the CFTC (Commodity Future Trading Commission). These terms and conditions apply to all orders, all purchases, and all sales made through our website, telephone, or other channels.
The prices for gold, silver, platinum and palladium coins and bars keep on fluctuating because of the risk factors that cause price volatility. The risk factors include political development, war, pandemics, demand, and supply. It is important to keep this in mind when transacting with BULLIONTRADING LLC.
Inquiries are made by customers who are not ready to transact immediately. Customers can contact us or go online at Bulliontradingllc.com to get current market prices. The price quote and quantity available are subject to change. They can also contact us for guidance on buying and selling bullion coins and bars. You should note that the Price Quotations you receive when inquiring are Estimates because the prices of bullion coins and bars fluctuate daily, and the number of our stock changes all the time.
Orders are made when customers are ready to transact immediately. The prices you get when ordering bullion coins and bars from us are an accurate reflection of the current market prices. Note that once you place an order, the prices are locked and are no longer subject to market conditions.
The moment you place an order an invoice is generated. If you cancel, and then gold prices decline you make us incur a loss. It is your responsibility to offset this loss if your order is canceled and your funds are returned. If this happens you will pay for the loss caused by a decline in the price of gold after a sale is made plus a cancellation fee of $35.00. This is our market loss policy.
Bullion Trading LLC only accepts payments in the form of bank transfers, certified checks or personal checks. The method you use to pay us is determined by the number of bullion coins and bars you are willing to buy from us as follows:
You also openly acknowledge that you are subject to a variety of risks that are beyond the control of BULLION TRADING LLC. You openly acknowledge that BULLION TRADING LLC is not liable or responsible for the risks you incur while trading with us. Those risks include, without limitation, risks associated with the price volatility of bullion coins and bars. Market conditions or other disruptions such as technical problems may make it impossible for you to liquidate bullion coins and bars bought from us. You have the freedom to liquid the coins and bars at market prices acceptable to you.
The price of bullion coins and bars keeps on fluctuating and this means that they are not a suitable investment for everyone. Since all investments, including bullion coins and bars, can decline in value, you should make an informed decision. It is a good idea to have adequate cash reserves and disposable income before investing in bullion coins and bars.
400 oz gold bars - London good delivery are investment-grade gold bullion bars weighing close to 400 troy ounces or 12.4 kilograms. London Good Delivery gold bars do not weigh exactly 400 troy ounces rather they range from 350 troy ounces to 430 troy ounces, however buyers only pay for the exact amount of troy ounces in the bar they purchase.
400 oz Gold bars are normally rectangular in shape and are produced as cast bars. Since they are manufactured by a variety of refineries and government mints, the look and feel of a 400 oz bar can vary but the recommended dimensions are
London Good Delivery gold bars are the preferred gold bar format of large institutional investors and the official sector or central banks. They are also the investment or speculative vehicle of choice of investors who opt to speculate in or invest in exchange-traded funds (ETFs) or own digital gold in a pooled or pool allocated format such as Bullion Vault where you own only a portion of a large gold bar.
These bars contain exactly 400 troy ounces of gold. GoldCore only sells gold bars of recognised and widely-traded brands. These would include London Good Delivery gold bars from such highly regarded refineries as PAMP, Argor-Heraeus, Metalor, and government mints such as the Perth Mint.
A 400 Kg gold bar can be priced on the phone or online. When you decide to buy, we require you to phone our office to lock in your price. You must have cleared funds on account before we will lock in the gold price. A 400 oz gold bar can be delivered but we would strongly advise against doing so. They are almost always used for acquiring sizeable holdings of physical gold in an efficient and easily managed format. Most 400 oz gold bars are owned by large institutions, governments, and bullion banks and reside in official vaults such as The New York Federal Reserve Bank and the Bank of England.
The gold spot price. The gold spot price is defined as the price of one troy ounce of pure gold that is available for immediate delivery. We source this price from price feeds from the like of Bloomberg and Thomson Reuters.
The weight of gold. The weight of pure gold found in a gold bar that is being purchased. A 400 oz gold bar has minimum 0.995 parts of pure gold. As such the 400 oz gold bar will weigh 398 troy ounces of pure gold.
The gold price premium. The gold price premium is defined as a percentage adjustment that is added or deducted from the gold spot price value of the gold bar. Generally the gold premium of a gold bar is determined by the actual cost of production, logistics and making available for sale the bar, market based competitive forces and the overall value of gold that the client is seeking to invest - as expected larger sums can reduce gold premiums.
In order to determined the gold price of a London Good Delivery Gold bar, simply multiply the weight of the bar in troy ounces by the purity of the bar and multiply that by the spot price of gold and add or subtract the gold bar premium.
London good delivery gold bars typically command a premium of around 1% to 1.5% with GoldCore who offer some of the most competitive premiums in Ireland and can be owned in our Secure Storage program in the safest vaults in the world. When investing in gold irish investors should seek out a form of gold that matches their long term investment objectives. 400 oz gold bars are typically used by financial institutions and central banks and stored in secured locations. For ultra high net worth Irish investors 400 oz gold bars may be considered but only if they are stored safely. Most irish investors investing significant sums will opt for 1 kilo gold bars instead as they are low cost, manageable, tradeable and easy to store. We offer all of our clients a non obligation free strategy session with one of our market experts. We can assist you in navigating all the options available options for your gold investment.
At the most expensive end of the price scale, one-gram \"novelty\" gold bars are minted for the gift market. Often coated in plastic, these tiny gold bars cost at least twice the value of their gold bullion content.
Cheapest of all, in contrast, are the 400-ounce (12.4kg) \"Good Delivery\" gold bars held by central banks, and traded by professional bullion dealers in London, center of the world's 24-hour gold market. 59ce067264