In the same category

Gold Bullion

IMG Auteur
From the Archives : Originally published July 24th, 2013
258 words - Reading time : 0 - 1 minutes
( 3 votes, 2.3/5 ) , 2 commentaries
Print article
  Article Comments Comment this article Rating All Articles  
[titre article pour referencement]
0
Send
2
comment
Our Newsletter...
Category : Gold University


Gold bullion is a bulk form of the precious metal used for trading on commodity markets. Gold bullion is usually cast into ingots or coins. 

Gold bullion, a form of gold used to make trading easy, gets its value from the relative rarity of the metal itself. Value of gold bullion is further determined by the mass and purity of the coin or ingot. Most gold bullion is issued at 99.9% purity, although some goes up to 99.999% purity. Bullion is graded by "Troy ounce" which defines the weight of gold contained within the coin or ingot. One troy ounce is equivalent to exactly 31.1034768g - the typical value of a gold bullion coin. The most common bullion coin, the Krugerrand, contains exactly one Troy Ounce of gold for instance. 

Because of the weights involved, gold bullionin the form of ingots is extremely expensive. Gold coins tend to be cheaper per unit making them an ideal investment vehicle for speculators seeking more stability in value from their savings. The lower cost of a gold coin also lowers the barrier to entry into the gold commodity trading and investment market for investors. Gold coins such as the Krugerrand and the British Sovereign offer the same relative value as ingots, thanks to consistent mass and purity of the gold.

Gold bullion is popular with governments, businesses and individuals because it can be used to protect against inflation and economic downturn. The value of gold is independent of local currency issues, retaining significant value at all times across the world.

©GoldCore


<< Previous article
Rate : Average note :2.3 (3 votes)
>> Next article
Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth.
WebsiteSubscribe to his services
Comments closed
  All Favorites Best Rated  
Many people do not know that often times in the history gold price has also surged in the deflationary times and it does not necessarily take inflation to take gold prices higher. In the deflation, when the price of everything drops (stocks, bonds, real estate, etc), people do not know any longer where to put their money - thus they buy gold and therefore the price increases.
Many people do not know that often times in the history gold price has also surged in the deflationary times and it does not necessarily take inflation to take gold prices higher. In the deflation, when the price of everything drops (stocks, bonds, real estate, etc), people do not know any longer where to put their money - thus they buy gold and therefore the price increases.
Latest comment posted for this article
Many people do not know that often times in the history gold price has also surged in the deflationary times and it does not necessarily take inflation to take gold prices higher. In the deflation, when the price of everything drops (stocks, bonds, real  Read more
goldonlineinfo - 4/13/2014 at 10:55 AM GMT
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS