The term "gold bullion" is used to define investment-grade gold. It can be in the form of bars or coins. Jewelry and other items that may be made of gold are not considered bullion. Most gold bullion is purchased as investment in economically trying times. This is because it tends to increase in value when financial times are hard. Investors, thus, consider it as a way to maintain the value of assets when stocks fall.
Gold bullion is most popular in the form of coins weighing one ounce. Although they are not legal tender, they are called "coins." The value comes from their GLD content which is normally stamped on them. It is reliably easy to buy or sell them as there are thousands of dealers and collectors that trade them. Although bars are sold as bullion even though they are harder to buy and sell.
How to identify bullion
Gold bullion purity can range from 22 to 24 karats. Although the purest is 24 karat, there are very few coins this pure as it is extremely expensive and difficult to remove all impurities from the gold. Removing impurities means using cyanide gas. Pure gold is also so soft and will not be able to hold its shape well.
The bullion's purity is not so important as its price is based on the quantity of gold in the bar or coin. An ounce of 99.9% gold coin has as much gold as a 90% gold coin. The only difference is that the 90% gold coin is heavier due to the other metals that have been mixed with the gold.
Although bullion gold has a value based on the amount of gold it contains, there is a premium paid for bullion quality. Aesthetic value of any artwork in bullion gold coins are appreciated by collectors, while untouched coins in a condition known as "brilliant uncirculated" are highly prized.
Gold bullion price changes along with its spot price and prices are stated in US Dollars per ounce. As it is traded through the world, prices change every day. Although prices may be high in trying economic times, they tend to be low in good financial times. The price of G is also very closely linked with the value of the US Dollar; a weaker dollar means stronger gold prices. Supply and demand also affects the price bullion gold.
GB can be bought from private collectors, dealers, coin dealers and from the mint that produced it. There is always a premium that is paid above the gold price to cover the minting cost. There are some bullion dealers who offer free insurance and shipping for large quantity purchases of gold bullion.
Among the many precious metal bullion products, gold bullion has always been the most popular. This is because gold bullion's performance is often an indicator of the leader financial systems. Gold bullion is also considered as a safe haven or a hedge due to its "store of value" (without growth).
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Source by Adam Schlosser