Value of a gold bar? Update in post of 9/7
ajaan
Posts: 17,399 ✭✭✭✭✭
With gold spot at $1325/oz, how much is a 20 gram .9999 gold bar worth? TIA.
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'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
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20 grams = 0.643 Troy ounces
$1325 X 0.643 = $851.98
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I have no idea but I believe 20g = 0.64 oz troy
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Bad transactions with : nobody to date
It all depends who the manufacturer is. Bullion wise, it's worth approx $850.00. Some bars or rounds, have a premium over spot.
Perth Mint
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'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
APMEX is selling them for $880
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
If it's like the one listed
below. APMEX Buy Price: $858.17
http://www.apmex.com/product/57161/20-gram-gold-bar-perth-mint-in-assay
Yes, like shown. I bought one for $857 and was wondering if I paid too much. Thanks.
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'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
you paid too little
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Sounds like you got a great deal.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
1325 ($/toz) / 31.1 (g/toz) * 20 (g) = $852.09
You only paid too much..................if you do not like it
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Where did you acquire it?
BIN eBay.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
There are known Chinese counterfeits on ebay.
Perth Mint offers some tips on spotting the fakes
"In comparison to this representation of a genuine Kangaroo Minted Gold Bar in black card, the fake features several obvious discrepancies:
• The fake black card omits our black swan ‘water mark’ logo on the front (on the card itself).
• The fake product is encased in an inelegant plastic sleeve featuring crimped edges.
• The fake black card features the words “CertiCard® SECURITY CASE” instead of “The Perth Mint tamper-evident case”.
• The letter ‘B’ is omitted from the six-digit bar number on the back of the black card."
FAKE:
GENUINE:
Let us know if yours passes the test. If not, provide a link to the listing/seller. I strongly recommend the Sigma Precious Metal Verifier for anyone purchasing bullion from unknown sources, especially ebay sellers.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Thanks for the information. Here is the auction:
ebay.com/itm/20-gram-Perth-Mint-99-99-gold-bar-in-sealed-Assay-packet-Free-Shipping/222618163240?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2057872.m2749.l2649
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'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
They appear to be genuine. Seller is still offering them at your original purchase price of $857, good deal with a 30 day return policy.
However, another seller maybe peddling Fakes:
http://www.ebay.com/itm/2-x-10-gram-Pure-99-99-Gold-Bar-Perth-Mint-Assay-CertiCard-Security-Case/172839385233?_trkparms=aid=222007&algo=SIM.MBE&ao=1&asc=41375&meid=23ff1d27dc3e4332afc8580d7cce5b0e&pid=100011&rk=6&rkt=12&sd=222618163240&_trksid=p2047675.c100011.m1850
Different diagnostics for the earlier green card Pert gold bars. OPA's seller above does appear to have fake bars.
Perth Mint gold bars [2.5, 5, 10, 20, 1 oz.] in green assay CERTICARD security case are counterfeit if the serial number starts with the letter "A." Perth Mint gold bars [2.5, 5, 10, 20, 1 oz.] in green assay CERTICARD security case are counterfeit if the letter spacing on "SECURITY" on front of assay card is not uniform:
FAKE:
AUTHENTIC:
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
While your seller is showing what appears to be authentic Perth bars, make sure that what you receive is authentic using the earlier posted diagnostics.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Is this one fake?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Not the same seller...0 f.b. seller is someone else.
My bad, OP's seller does not have zero feedback, OPA's linked seller did. Thanks OPA, my earlier post edited.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Good information here for gold bar buyers.... Thanks...Cheers, RickO
China is ruining the coin hobby AND bullion market. Trump, PCGS go get em'.
100% Positive BST transactions
Did someone here buy the other one they had listed?
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'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
Received the bar today. Using the diagnostics derryb provided it appears to be real.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don