Tracking the Gold Price Ounce Gram or Kilo
Spot Gold Price Ounce - On and Up
Gold Price Ounce:
29th September 2004 $ 424.20
24th September 2006 $ 592.26
8th October 2008 $ 732.56
29th September 2010 $ 1310.30
20th March 2011 $ 1435.oo
Spot prices have been hovering around $1433 an ounce this month , it reaching the heady level of $1433 for one giddy minute before it settled into around $1350 but all the pundits agree the Japanese Nuclear panic means it’s gathering it’s skirts for another huge rise! Any gold you held in 2004 has more than tripled in value making a kilo of gold worth $45487.00 – that means it has been a fantastic investment and very very secure.
Where will it go from here – well many savvy investors think it will go on and up – some even forecast $5000 an ounce.
1 Troy Ounce of Emirates Gold
Gold and indeed silver are very attractive at times like these. The big investors are buying everything they can and storing their treasure in secure vaults. OK for them but what about small investors like you and me, how can we get the benefits without having tens of thousands to invest.
Here are our choices, we can:
- buy small quantities of gold as bullion or coins
- buy small quantities of gold from bullion traders and have them stored for us as ‘allocated’ portions of a larger gold bar. More here
- invest in Gold Stocks, Mutual Funds or EFT’s More here
Gold Price Ounce Bullion Bars or Coins
The classic heavy gold bar we see hauled away in a bank robbery portrayed in a cops and robbers movie is called ‘a good delivery bar’ for some reason and weighs 400 troy ounces; that’s 12.44 Kilos (27.368 lbs) and if you are planning to buy one it will set you back a cool $524132 at today’s spot price. If you were to buy a good delivery bar you might pay spot gold price for it and have it safely stored for you in a Brinks Matt secure vault. For smaller bars and coins though you pay a premium which reflects the cost of sub dividing the bar, storage, delivery to you and of course a small profit for the dealer.
Today’s price for a 1 troy ounce (32.15grams) might be $1336.52 to which would be added $20 to £30 dollars depending on the size of the order. This means that your ‘premium’ (the amount over spot) including delivery is circa 3.5%. This price difference will be reflected if and when you come to sell the gold on.
Bars are available in 1 ounce. 10 ounce, 100 gram and kilo sizes but there isn’t a plentiful supply right now.
It seems incredible but it’s true, all the gold ever mined anywhere on earth would fit into an Olympic sized swimming pool! Demand is up supply is down.
The buyers are buying, if you want to feel it, touch it, stoke it and enjoy your gold on a personal basis you need a supplier who has stock available now.
Supplier – Barny Milbourn http://zengold.com
Opportunities to become a gold dealer within the UK
© copyright 2010 http://GoldPriceOunce.net gold price ounce
