Hi guys, This may be a fairly stupid question but... I'm a little lost about the price of gold bars. So, basically my question is, why are gold bars that are denominated in grams selling for less than spot whilst gold bars denominated in ounces selling for more than spot? Can someone explain this anomaly to me before my head explodes? Am I just missing something? Or have I stumbled upon some best kept secret amongst stackers punishable by death for being brought up? Thanks a bunch guys. Regards, Fish
Hi Fish, My assumption here. Were you taking 1 ounce as 28.3495 gram? That would make most gram to ounce conversion lower than spot. The "ounce" more commonly in use for precious metal is actually troy ounce, which is essentially 31.1035 gram. If my assumptions are wrong, would you be kind enough to PM me the dealer who sells gold grams lesser than spot. - Revlisify
I'm interested, under spot? Can you give link/reference plz. Bars have less premium than coins because: lower fabrication costs, bigger the bar, lower the premium. - cast bars are normally cheaper than same size minted bars, slightly cheaper. - coins have more premium because a lot more care & effort goes into the production & they are normally backed by a country's government with a denomination. If it does not have a denomination then it is defined as a "round" eg buffalos. Premium as a percentage is bigger the smaller the coin is.
Had my mouse hovering over the PM button about to ask where this under spot gold was to be bought before even reading revlisify's response. Same thing happened to me at the start so had a good laugh at your derping
You need to spend more time on your stacking and less time on the stalking.....unless you're stalking house at auctions
Haha xD now back to square one. Been stacking silver, was thinking of moving into gold soon. But damn those premiums on 5, 10 and 20 gram bars are killer, practically a whole ounce of silver premium.
