Discount Gold Bullion
Discount gold bullion may initially sound like a correction in terms to many inexperienced household investors, but the truth is that gold bullion is not unlike any other commodity. Since gold is such a costly item, many of us don’t realize that the more gold bullion that is purchased in a single transaction, the closer it brings the bullion price to the current spot price, which is the cost of a Troy ounce of pure gold. Bullion prices are normally just a bit higher than the current spot price, but local gold dealers are forced to drastically mark up their retail prices to cover their own overhead expenses.
Conversely, large-volume precious metal exchanges make huge gold bullion transactions to supply financial institutions like banks, corporations, and insurance companies with their gold. These exchanges receive what are called “institutional discounts” on their transactions, and the surplus gold bullion from these discounted transactions is available to household investors at the same institutional rate.
Household investors are advised to avoid local gold dealers, and to research the background of a reputable, large-volume gold exchange to assure a safe discount gold bullion transaction. Better Business Bureau recommendations are optimal, so investors can confidently make purchases in bullion bars like Johnson Matthey, or PAMP Suisse, or globally popular bullion coins like 22-Karat, $50, modern American Eagles, which contain a full Troy ounce of pure gold. Investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on bullion bars and coins.
Danny Burns
