Rookie help needed

08HALA20

I saw on Apmex that they have 10 gm gold bars for $301 each.
When I figure out the gold price it appears it is $853 per ounce.

Is this true or what am I missing?

Is this a good way to hold gold or is coins better for resale later?

Joe

Cladiator

The cheapest 10 gram gold bars they have right now are at $301.15. That comes out to $936.57 per ounce when gold is currently at $880.70 per ounce. Breaks down to a premium above spot, per bar, of $17.97. There is gold out there for less of a premium but it's also out there for more.

Weiss

31.1034768 grams to a troy ounce. So it would take 3.11034768 of those bars to make a troy ounce. 3.11034768 x $301.15 = $936.68. Market is $888.10 per ounce. In the greater scheme of things, that doesn't seem like much of a margin to pay since you usually pay a heavier margin the smaller the unit.

But I'm not as much of a fan of gold bars as some people on the boards appear to be. With smaller cash to put into the market, I'd opt for coins instead.

08HALA20

Thanks Clad for the figures.

I worked it out backwards and figured it at 31.1 grams per "Troy" ounce.
I was figuring 28.345 grams per (avoirdupois) ounce.

I knew I was confused, thanks again for the light.

Joe

fc

i recently looked at those small bars also and did the math.
everytime i think about buying some i realize i might as well just
save up and buy a larger bar when the time is right.