SELL GOLD AT SPOT PRICE – GOLD SPOT PRICES EXPLAINED

by Robert Brown Cash For Any Coins, get money for coins

What is the Spot Price of Gold?

To sell gold at spot price means to get as close to buying price as possible, and this means knowing the going rate for a troy ounce of gold. The price is driven by speculation in the markets, currency values, current events, and many other factors. Gold spot price is used as the basis for most bullion dealers to determine the exact price to charge for a specific coin or bar. These prices are calculated in troy ounces and change every couple of seconds during market hours.

Gold as an Investment

You can sell gold at spot price with Cash For Any Coins, and gold is a precious metal available for investment in the form of bullion and paper certificates. Physical gold bullion is produced by many private and government mints both in the USA and worldwide. This option is most commonly found in a bar, coin, and round form, with a vast number of sizes available for each.

Gold bars can range anywhere in size from one gram up to 400 ounces, while most coins are found in one ounce and fractional sizes. Like other precious metals, physical gold is regarded by some as a good way to protect themselves against the ongoing devaluation of fiat currencies and from volatile stock markets.

Buying gold certificates is another way to invest in metal. A gold certificate is basically a piece of paper stating that you own a specified amount of gold stored at an off-site location. This is different from owning bullion unencumbered and outright because you are never actually taking physical ownership of the gold. While some investors enjoy the ease of buying paper gold, some prefer to see and hold their precious metals first-hand.