How do you find the current market price of gold?
chiguy asked:
And what is the premium you have to pay for gold coins? And where/how do most people buy gold coins?
And what is the premium you have to pay for gold coins? And where/how do most people buy gold coins?
for prices on gold market
Gold bullion coins (recently minted) will be about 3-10% above that. Smaller coins like 1/10 ounce have a larger markup than 1 ounce coins. Older coins value depends somewhat on their gold content and also on their rarity (how many minted, how many known to still exist) and on their condition (how much wear and tear)
go to nymex.com and check out comex gold
index xau or ticker gold will help give you an idea of the trading levels. Most people don’t buy gold coins these days, most buy gold by investing in mutual funds that invest in Gold. Research this ADR with the ticker GOLD. I don’t own this personally, but many people love it.
Go ask at the “Bank of canada”,.. .(not the other banks). or, if you are American, the “Federal Bank” They must take your order if gold coin is available. And they can tell you the rates. I believe it is the face value of the coin, (what it says on the gold piece).