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GOLD AVENUE CEO
The spot price of gold is the current price gold can be bought and sold for on the market. It is usually calculated in Troy ounces but can also be given in grams or kilograms. The price of a gold product is the spot price plus the premium, which is the part of the price covering our margin, production, and operational costs.
A Troy ounce of gold is the official unit of measurement in the professional gold market. One troy ounce represents 31.1 grams of gold. Unless stated otherwise, the price of gold will always be indicated in Troy ounces.
The price of gold moves depending on a combination of supply, demand, and investor behavior. Its value tends to increase along with demand. Its supply, however, tends to remain rather constant, making it a famous hedge against inflation when the supply of paper money starts increasing. The spot price fluctuates throughout the day, making it important to follow current events and market conditions, as they will affect your buying and selling price for precious metals.
Gold coins are a very unique investment. They are sometimes considered legal tender and are produced and recognized by the issuing government. The coins are always labeled carefully with the correct year of issue, the gold purity, and the weight of the coin. Gold coins prices fluctuate daily, as they move separately from the stock market. Gold coin prices can be affected by several different factors. Factors like rarity, shifts within the money market and the stock market, a recession, or the threat of a recession, elections, political movement, or even geopolitical issues. These are all factors that can influence the price of gold coins.
Currently, there are many types of gold bars circulating the world's precious metal market - meaning there are endless possibilities to pick from. Buying Gold Bars is the most popular way of investing in the precious metal market. Their price is set based on their quality, craftsmanship, weight, and sometimes year of issue and rarity. The price of a gold bar contains three main elements: the metal price, the premium, and the VAT. However gold is exempt of VAT in most European countries. The metal price is directly based on the spot price which is the most recent price of gold on the market. Depending on its weight and quality, a gold bar will have a higher or a lower metal price. Finally, the premium is our margin, it is the part of the price of your gold bar that will come back to GOLD AVENUE to pay for production and others costs related to selling the bar. The margin can vary for each product depending on its level of craftsmanship for example. This is why minted bars tend to have slightly higher premiums than cast bars, as it takes into account the bar’s artistic value.
If you are thinking about investing in gold, then you are at the perfect place! Gold is the most valuable and popular commodity available on the market. GOLD AVENUE has a wide and beautiful selection of gold coins, ingots, and bars available for you to start your precious metal journey. You can choose between the most popular gold coins on the market: the classic American Eagle coin from the US Mint or the stunning Canadian Maple Leaf from the Canadian Mint. If perhaps coins aren’t what you are looking for, you can find the products for you in gold cast bars or minted bars from the world-renowned Swiss refinery PAMP. We are also the official online retailer of the most famous minted bar: the classic Lady Fortuna from PAMP. Gold is a timeless and elegant commodity that every investor should consider to diversify their investment portfolio.
Gold bars are considered a unique and interesting investment in the precious metal market alongside gold coins. Gold bars are generally much larger in size, and heavier in weight than coins. Compared to coins, there is not as much variety available with Gold bars in terms of shapes and formats either, simply due to their ‘set size’, however, their classic designs are renowned worldwide. Gold bars are considered to carry intrinsic value, as there will always be a market available for Gold. You can always invest in gold to diversify your investments, prepare for your future, or as a gift to your family for a generous investment or savings opportunity.