If you’re interested in investing in gold today, you should be aware of the current spot gold price. What does it mean to “buy the dip” in gold? Three big reasons are the overall condition of the coin, how many coins are available and how many people interested in buying it. Many other factors may increase the premium of a gold coin over the spot gold price. Many times the intrinsic value, or rarity of the gold coin, will play a major roll in it’s over all value. Although it is possible, you’re not necessarily getting ripped off. If you’re wondering “if the spot gold price is $1800, why do some gold bullion coins sell for double the price of gold?” then this is your answer you’re just paying a high premium for those gold coins. Why are some gold coins double spot gold price? All physical gold items will be sold at some kind of premium. Typically, this additional premium covers the cost of manufacture and provides the distributor with a bit of cushion to make a reasonable profit.
What is a premium over the spot gold price?Ī premium over the spot gold price is a term that refers to the additional cost above and beyond the value of the gold content in any particular gold bullion coin, bar or private round. Gold products like bars, coins, and rounds are generally sold at a small premium over the spot-price of the gold itself.
Popular gold exchanges and bullion distributors use the “spot price” of gold to determine the value of the various gold bullion products they sell. You will find the price of gold, historical gold charts and data as well as information about spot gold price indexes and the factors that determine if the price of gold goes up or down. Are you searching Google for “What is the current spot gold price today?” Well, you’ve come to the right place.
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