Gold bullion prices are beneficial to short-term investors during bullish gold investment trends, because bullion prices hover just slightly above the current gold spot price, which is the cost of one troy ounce of pure gold. The bullion market has been especially bullish during the past four weeks, with the spot price repeatedly setting new all-time record highs, while recording minimal profit-taking time in between setting new record-high spot prices.
Bullion bars command the most affordable gold bullion prices, due to their simplistic form, and absence of numismatic value. 24-karat purity is paramount with bullion bar investing, and reputable brand names for bullion bars include PAMP Suisse, Credit Suisse, Engelhard, and Johnson Matthey. Household investors typically purchase one-ounce and/or ten-ounce bars, which can be used as short-term profit vehicles, or as diversifications for long-term, rare coin investments like $20 Lady Liberty, and $20 Saint Gaudens, 22-karat gold coins, which are also known as Double Eagles.
Many investors who cannot afford rare coins are capitalizing on gold bullion prices for their precious metal IRAs. Rare coins aren’t permitted in gold-backed IRAs, but the aforementioned bullion bars, and bullion coins like American Eagles are government approved. American Eagles are the only permissible 22-karat coins for IRA storage, along with 24-karat bullion coins, which include American Buffalos, Chinese Pandas, Canadian Maple Leafs, Austrian Philharmonics, and Australian Kangaroos, Koalas, and Lunar coins. Investors can avoid paying felonious retail prices for their rare, Double Eagle, and modern bullion coin by contacting one of our friendly specialists, who offer institutional discounts to household investors like you.
Vic Fox
Tags: Gold Bullion Prices, Gold Bullion Prices Today, The Price of Gold Bullion
