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Gold Spot Price $1225 -2.60    Silver Spot Price $14.25 -0.15    Platinum Spot Price $838.00 -13.00    Call Our Gold Bullion Hotline at 800-300-0715 For Live Quotes On Gold Coins And Bars - Always Free, Insured Delivery.
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Daily Gold Bullion Update

July 9, 2009 – Gold bullion bar prices have increased more than 300% since 2001 as a result of large-scale flocks away from dollar-backed assets in exchange for one of history’s most preservative assets, gold. Many new precious metal investors frequently ask me about the best ways to track gold bullion bar prices, and doing so is a very simple process that only takes a few minutes. First things first, bullion products trade very closely with the spot price of gold, and usually when a precious metal exchange purchases or sells bullion bars, they add about a 5% premium on top of the spot price. This basically means that you can determine the prices of your bars simply by adding 5% to the spot price that can be found by logging onto websites such as www.goldprice.net, www.kitco.com and www.nymex.com.

Unlike with coins, gold bullion bar prices have very few variables that can affect pricing because they are all 24-karat pure gold products. The only two notable variables that can affect pricing are the weight of the bar and the type of bar, which varies based on its producer. Some of the most notable producers of gold bullion bars are Credit Suisse, Johnson Matthey, Engelhard and Pamp Suisse. Out of all these producers, Pamp Suisse has the highest premiums because of their unique and exquisite face design that has given them the title of “Gold Dream.” If you seek further information on this diverse and elaborate market, feel free to browse this website or contact one of our friendly experts for useful tips on maximizing investment potential.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer - Gold-Bullion.org

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