www.apmex.com Open in urlscan Pro
104.18.39.154  Public Scan

Form analysis
3 forms found in the DOM

GET /search

<form method="get" id="searchform" action="/search">
  <label for="q" class="sr-only">Search for products or categories</label>
  <input type="search" name="q" id="q" autocomplete="off" value="" placeholder="Search for products or categories" data-uw-rm-form="nfx">
  <label for="q-search-submit" class="sr-only">Search</label>
  <input type="image" id="q-search-submit" class="search-btn" alt="Search" src="/content/images/content/magnifying-glass.svg" data-uw-rm-form="nfx">
</form>

GET /Site/SubscribeToNewsLetter

<form action="/Site/SubscribeToNewsLetter" method="GET">
  <label for="newsletter-email" class="sr-only">Subscribe to Newsletter</label>
  <input type="text" name="newsletteremail" id="newsletter-email" placeholder="example@example.com" data-uw-rm-form="nfx">
  <input type="hidden" name="Source" value="Default">
  <label for="newsletter-submit" class="sr-only">Subscribe</label>
  <input type="image" id="newsletter-submit" class="subscribeNewsLetter" onclick="MyAccount.subscribeNewsLetter('/Site/SubscribeToNewsLetter', '#newsletter-email');return false;" alt="Subscribe to newsletter"
    src="/content/images/content/submit-icon.svg" data-uw-rm-form="nfx" data-uw-rm-kbnav="click">
</form>

GET /search

<form method="get" id="tippytop-searchform" action="/search">
  <label for="tippytop-q" class="sr-only">Search for products or categories</label>
  <input title="Search for products or categories" aria-label="Search for products or categories" type="search" class="search-field form-control" name="q" id="tippytop-q" autocomplete="off" placeholder="Search for products or categories"
    data-uw-rm-form="nfx">
  <label for="search-submit" class="sr-only">Search</label>
  <input type="image" id="search-submit" class="search-btn" alt="Search" src="/content/images/content/magnifying-glass.svg" data-uw-rm-form="nfx">
</form>

Text Content

Skip to main contentEnable accessibility for visually impairedOpen the
accessibility menu Open the Accessible Navigation Menu






This site uses cookies for analytics and to deliver Personalized content. By
continuing to browse our site, you agree that you have read and understand our
Privacy Policy.
x
Opens in a new window Opens an external site Opens an external site in a new
window
 * Gold
   $2,372.40($29.30) -1.22%
 * Silver
   $30.50($0.97) -3.06%
 * Platinum
   $1,040.00($16.70) -1.58%
 * Palladium
   $1,021.50($12.30) -1.23%


Call Us: 800.375.9006 Live Chat

Join the Bullion Club for Exclusive Rewards >>

Sign In or Create Account

Search for products or categories Search

Cart:

(0)
 * Best Sellers
    * Gold
    * Silver
    * Platinum
    * Rare Coins
    * Deals
   
    * New Releases
    * 2024 Coins
    * APMEX Branded
    * MintDirect®
    * APMEXclusive®
   
    * Available Products
    * Back In Stock
    * Shop By Mint
    * AutoInvest
    * Clearance
    * Graduation Gifts

 * Gold
    * Best Sellers
    * Available Products
    * On Sale
    * Newly Listed
    * 2024 Tokelau Longfin Bannerfish
    * 2024 Australian Swan
    * 2024 Australia Lunar Year of the Dragon
    * United States Mint
    * American Eagles
    * Buffalos
    * Pre-1933 U.S. Gold
    * High Reliefs
    * Collectibles & All Other
    * First Spouses
   
    * The Perth Mint
    * Bars
    * Lunar Series
    * Kangaroos
    * Swans
    * Collectibles
    * The Royal Mint
    * Britannias
    * Queen's Beasts
    * Royal Tudor Beasts
    * Sovereigns
    * Collectibles
    * Specialty Bullion
    * Royal Canadian Mint
    * Maple Leafs
    * .99999 Gold
    * Collectibles
   
    * Austrian Mint
    * Philharmonics
    * Gold Bars
    * Collectibles
    * Mexican Mint
    * Libertads
    * Vintage Pesos
    * Shop By Mint
    * Other Popular Series
    * Krugerrands
    * Pandas
    * Elephants
    * Noah's Ark
    * Goddesses
    * World Coins By Region
   
    * Bars & Rounds
    * By Weight
    * 1 oz Bars & Rounds
    * By Brand
    * APMEX
    * 9Fine Mint
    * PAMP
    * Gold Coins
    * Gold Movie & Licensed Products
    * Ancient & Medieval Gold Coins
    * Gold Jewelry
    * Investment Jewelry
    * 886 by The Royal Mint
   
    * Graduation Gifts
    * Other Gold Products
    * Lunar Series
    * Unique Gold Products
    * Foil Notes
    * Goldbacks
    * MintDirect®
    * AutoInvest
    * IRA Products
    * OneGold Gold
    * Clearance

 * Silver
    * Best Sellers
    * APMEX Lunar Year of the Dragon
    * Available Products
    * On Sale
    * Newly Listed
    * 2024 South Korea 1 oz ZI:SIN Draco
    * James Bond Legacy Series: 5th Issue
    * Canada: Wondrous Waters - Arctic Coast
    * Silver Coins
    * Bars
    * By Weight
    * 1 oz Bars
    * 5 oz Bars
    * 10 oz Bars
    * 100 oz Bars
    * By Brand
    * Rounds
    * By Weight
    * 1 oz Rounds
   
    * United States Mint
    * American Eagles
    * America The Beautiful
    * Silver Dollars
    * Collectibles
    * Royal Canadian Mint
    * Maple Leafs
    * Specialty Bullion
    * Bars
    * Collectibles
    * The Perth Mint
    * Kangaroos
    * Lunar Series
    * Swans
    * Koalas
    * Kookaburras
    * Collectibles
   
    * The Royal Mint
    * Britannias
    * Queen's Beasts
    * Royal Tudor Beasts
    * Collectibles
    * Austrian Mint
    * Philharmonics
    * Collectibles
    * Mexican Mint
    * Libertads
    * Shop By Mint
    * Other Popular Series
    * Krugerrands
    * Pandas
    * Elephants
    * Chiwoo Cheonwang
    * Cash India Wildlife
    * Goddesses
   
    * Junk Silver All
    * 90% Silver
    * 40% Silver
    * 35% Silver
    * 80% Silver Canadian
    * World Coins By Region
    * Movie & Licensed Products
    * Coca-Cola®
    * John Wick
    * Godzilla
    * Peanuts
    * Star Wars
    * Disney
    * DC Comics
    * All Other
    * Silver Jewelry
   
    * Graduation Gifts
    * Hand Poured Silver
    * Silver Bullets
    * Other Silver Products
    * Special Occasion Silver
    * Lunar Series
    * Statues
    * Unique Silver Products
    * Sports-Themed Products
    * Foil Notes
    * Industrial Silver
    * Ancient & Medieval Silver Coins
    * MintDirect®
    * AutoInvest
    * IRA Products
    * OneGold Silver
    * Clearance

 * Platinum
    * Best Sellers
    * Available Products
    * Platinum Special Offers
    * Platinum Bars & Rounds
    * APMEX
    * PAMP
    * Shop by Mint Platinum
    * Royal Canadian Mint
    * The Perth Mint
    * The Royal Mint
   
    * United States Mint Platinum
    * American Eagles
    * Platinum Coins
    * Industrial Platinum
    * IRA Products
    * Platinum Bullion

 * Deals
 * Rare Coins
    * Best Sellers
    * Elite Picks
    * On Sale
    * Clearance
    * Newly Listed Items
    * Pre-33 U.S. Gold Coins
    * $20 Liberty Double Eagles
    * $20 Saint-Gaudens Double Eagles
    * $10 Liberty Eagles
    * $10 Indian Eagles
    * $5 Liberty Half Eagles
    * $5 Indian Half Eagles
    * $3 Gold Princess
    * $2.50 Liberty Quarter Eagles
    * $2.50 Indian Quarter Eagles
    * $1 U.S. Gold (Type 1, 2 & 3)
   
    * U.S. Rare Coins
    * Bust|Seated|Trade Dollars
    * Morgan Silver Dollars
    * Peace Silver Dollars
    * Eisenhower
    * SBA|Sacagawea|Presidential
    * American Innovation Dollars
    * Half Dollars
    * Quarters
    * Dimes
    * Nickels
    * Cents
    * Half Cents|2 Cents|3 Cent Silver
    * 3 Cent Nickel|Half Dimes|20 Cents
   
    * U.S. Silver Commemoratives
    * U.S. Gold Commemoratives
    * U.S. Coin Sets
    * U.S. Proof Sets
    * Special Edition Proof Sets
    * U.S. Mint Sets
    * Coin & Currency Sets
    * World Coins By Region
    * Ancient & Medieval Coins
    * Historical European Coins
    * Vintage Mexican Coins
    * Vintage World Bullion
   
    * U.S. Currency
    * $1,000 Federal Reserve Notes
    * $500 Federal Reserve Notes
    * Large Type
    * Small Type
    * National Bank Notes
    * Other U.S. Currency
    * Confederate Currency
    * All Other
    * Tokens & Medals
    * Colonials & Patterns
    * Error & Damaged Products

 * Currency & Other
    * U.S. Currency (Large)
    * U.S. Notes Legal Tender
    * Treasury or Coin Notes
    * Gold Certificates
    * Silver Certificates
    * Federal Reserve Bank Notes
    * Federal Reserve Notes
    * U.S. Currency (Small)
    * $1,000 Federal Reserve Notes
    * $500 Federal Reserve Notes
    * $1, $2, $5, $10, $20
    * $50 & $100 Federal Reserve Notes
    * $10-$100 Gold Certificates
    * $1-$10 Silver Certificates
    * $1-$100 U.S. Notes
    * $5-$100 Federal Reserve Bank Notes
   
    * Other U.S. Currency
    * Uncut Currency
    * Colonial
    * Obsolete Bank Notes
    * Hawaii
    * North Africa Currency
    * Error Currency
    * Disney & Novelty Currency
    * National Bank Notes
    * Large Notes
    * Small Notes
    * Confederate Currency
   
    * World Currency by Region
    * Zimbabwe Notes
    * All Other
    * Coin & Currency Sets
    * Stocks & Bonds
    * Tokens & Medals
    * Base Metals
    * Austrian Mint
    * The Royal Mint
    * Copper
    * Rounds
    * Bars
   
    * Palladium Bars & Rounds
    * Palladium Coins
    * American Eagles
    * Shop by Mint Palladium
    * Jewelry
    * Gold
    * Silver
    * Bracelets
    * Earrings
    * Necklaces
    * Pendants
    * Bezels
    * Watches
    * Men's Jewelry
   
    * Graduation Gifts
    * Storage & Supplies
    * Presentation & Gift Boxes
    * Coin & Bar Capsules
    * Coin & Bar Storage
    * Coin & Bar Tubes
    * Intercept Storage Boxes
    * Official Monster Boxes
    * Safes & Lock Boxes
    * Individual Coin & Currency Holders
    * Coin Collecting Albums
    * Coin Dip & Protectors
    * Cloth Money Bags
    * Magnifiers/Loupes
    * Books

 * Sell to Us
 * IRA
 * Resources
    * Charts
    * Gold Spot Price
    * Silver Spot Price
    * Platinum Spot Price
    * Palladium Spot Price
    * Knowledge Center
    * The Bullion Card
    * AutoInvest
    * Secure Storage
    * Bullion Club
    * OneGold
    * Alerts & Tools
    * Where's My Order
    * Sales Tax By State
    * International
    * Contact Us

We're sorry, it appears that JavaScript is disabled in your browser. To view and
use the site APMEX.com, please enable JavaScript.
 1. APMEX
 2. Charts
 3. Gold Spot Price


GOLD SPOT PRICE

 * Gold
 * Silver
 * Platinum
 * Palladium

USD
 * USD
 * Euro
 * Canadian Dollar
 * British Pound

$2,372.40 USD - ($27.70) USD -1.15% 1W Ask: $2,372.40 USD Bid: $2,357.40 USD
Change: - ($29.30) USD (-1.22%)
 * US Dollar
 * Dow Jones
 * S&P 500
 * Crude Oil
 * Bitcoin

 * 24H
 * 3D
 * 1W
 * 1M
 * 3M
 * YTD
 * 1Y
 * 5Y
 * All

View 1 monthView 3 monthsView 6 monthsView year to dateView 1 yearView all
Created with Highcharts 9.2.212:00May 17May 19May 2012:00May 2109:0015:00May
22May 2317. May20. May21. May22. May$2,400 USD$2,350 USD$2,375 USD$2,425
USD$2,450 USD$2,475 USDView 1 month1mView 3 months3mView 6 months6mView year to
dateYTDView 1 year1yView allAllMay 16, 2024→May 23, 2024Gold


GOLD COIN VALUES

 * 3M
 * YTD
 * 1Y
 * 5Y
 * All

American Gold Eagle
Ask $2,477.39 $297.30
Gold Maple
Ask $2,462.39 $357.30
Gold Buffalo
Ask $2,502.39 $332.30
Gold Krugerrand
Ask $2,472.39 $377.30
Gold Britannia
Ask $2,472.39 $387.30
Austrian Gold Philharmonic
Ask $2,462.39 $366.40
1 oz Gold Bar
Ask $2,452.39 $367.30
10 oz Gold Bar
Ask $24,423.90 $3,847.00
Gold Kangaroo
Ask $2,452.39 $367.30
Mexican Gold Libertad
Ask $2,852.40 $285.60
Chinese Gold Panda
Ask $2,528.17 $359.98
Gold Double Eagle
Ask $2,395.30 ($84.79)


GOLD TO SILVER RATIO

High: 78.03 Low: 75.67 1.79 2.36% 24H
 * 24H
 * 3D
 * 1W
 * 1M
 * 3M
 * YTD
 * 1Y
 * 5Y
 * All

View 1 monthView 3 monthsView 6 monthsView year to dateView 1 yearView all
Created with Highcharts
9.2.202:0004:0006:0008:0010:0012:0014:0018:0020:0022:00May
2375.5076.0076.5077.0077.5078.0078.50View 1 month1mView 3 months3mView 6
months6mView year to dateYTDView 1 year1yView allAllMay 22, 2024→May 23, 2024


BITCOIN PRICE CHART

Bitcoin was the world’s first cryptocurrency. This digital form of payment has
become increasingly accepted by businesses around the world. View our bitcoin
price chart to see the bitcoin price today and research historical bitcoin
prices.





WHAT IS THE SPOT PRICE OF GOLD?

The spot price of gold is the market price at which one ounce of gold can be
bought and sold for instant delivery. The gold spot price is constantly
changing, making it crucial to remain updated on performance indicators such as
market conditions and current events because they greatly affect the buying and
selling of gold.

The gold price is always quoted in troy ounces but can be converted into any
quantity a person wants to buy or sell. Gold spot prices are universal, as most
gold markets use live gold prices listed in U.S. dollars, so the price of gold
per ounce is the same worldwide.

Shop Gold Best Sellers

GOLD SPOT PRICE

$2,372.40 USD - ($29.30) USD -1.22%

GOLD SPOT PRICES

GOLD PRICE

SPOT CHANGE

GOLD PRICE PER OUNCE

$2,372.40 USD - ($29.30) USD

GOLD PRICE PER GRAM

$76.27 USD - ($0.94) USD

GOLD PRICE PER KILO

$76,274.37 USD - ($942.02) USD Live Metal Spot Prices (24 Hours) Last Updated:
5/23/2024 2:14:57 AM ET


POPULAR CATEGORIES

Popular Gold
Bullion
Silver Bullion
Favorites
Best-Selling
Products
On Sale
Pre-1933 U.S.
Gold Coins

HOW MUCH YOUR GOLD IS WORTH

Enter your amounts
Spot Price
Currency
USD
 * USD
 * Euro
 * Canadian Dollar
 * British Pound

Quantity
Unit
Ounces Grams Kilograms Grains Pennyweight Troy Ounces Pounds Troy Pounds
Purity
.9999 .999 .9167 (22 Karat) .900
Calculate


GOLD CALCULATOR

The gold spot price is typically listed in troy ounces, but it can be converted
into any unit of measure you want to buy or sell. Some markets list the live
spot price of gold in a variety of currencies, but many gold markets use live
data listed in USD.

Need to determine the gold spot price in your currency? Use the APMEX gold
calculator to convert this to one of four currencies of your choice. Calculate
based on quantity, the unit of measurement, and purity to make the best
purchasing decision available.




GOLD SPOT PRICE FAQ


WHAT IS THE PRICE OF GOLD TODAY?

When someone refers to the price of gold, they usually refer to the spot price.
This metal is considered a commodity and is typically valued by the weight of
the pure metal content. Today’s spot price of gold, like all days, is constantly
changing according to many variables. However, today’s gold price could also
refer to the total percent change of the spot price, as calculated relative to
the price at the start of that trading day.

APMEX lists live gold prices and Silver prices as well as historical data
related to gold spot prices. All prices are updated in real-time. View the spot
price at any time on any device on our website or our mobile app.


HOW IS THE SPOT PRICE OF GOLD DETERMINED?

Gold is traded worldwide across many different exchanges – the most popular
being Chicago, Hong Kong, London, New York, and Zurich. The COMEX is part of the
CME Group in Chicago and is the most important exchange for determining the
price of gold. The gold spot price and silver spot price are computed using data
from the futures contracts traded on the Comex.


HOW OFTEN DOES THE PRICE OF GOLD CHANGE?

Gold prices are constantly changing during market hours. The spot price of gold
and the spot price of silver is determined by many domestic and foreign
exchanges, which allows the spot prices to update from Sunday through Friday, 6
pm EST to 5:15 am EST. While gold, and other precious metals, may experience
longer periods of relatively consistent prices, prices can also change rapidly
within a moment's notice.

The price of gold can be a challenging thing to keep track of because it changes
constantly based on current world market conditions, which affects both buying
and selling, making it vital for investors to have up-to-date information about
where their gold investment might go next. There are plenty of ways to get this
data, such as checking market reports from experts to remain involved with the
precious metals industry.


WHAT IS GOLD WORTH?

The worth of gold is determined by the current spot price. This price is
determined by many factors such as market conditions, supply and demand, and
news of political and social events. A gold product's value, or worth, is
calculated relative to its pure metal content's weight and measured in troy
ounces. However, collectible or rare gold products may carry a much higher
premium over and above the value found in their raw metal weight.

Other factors such as merchandising, packaging, or certified grading from a
trusted third party may influence the final worth of the gold product you
purchase. Similarly, the silver price is determined by many factors and is
relative to the weight of its pure metal content.


WHAT IS GOLD BULLION?

Gold bullion refers to a gold product valued by and sold primarily for its metal
content and does not contain any numismatic or collectible value. Gold bullion
often appears in the form of bars, rounds, and Sovereign coins that carry a face
value and are backed by a government. These products are most commonly
categorized as either .999 fine, .9999 fine gold bullion, and even .99999 fine
gold, meaning the product is either 99.9%, 99.99% or the highly desirable
99.999% pure gold. Bullion comes in various sizes, including 1 gram, 1 oz, 5 oz,
10 oz, and 1 kilogram, to name a few. This gives investors numerous options to
choose from to suit their needs best.

Browse our broad selection today and shop for gold rounds and bars to add to
your collection.

Silver bullion refers to a silver product valued and sold for its metal content.
Silver bullion's worth is dependent on the silver price per ounce.


WHAT IS A TROY OUNCE OF GOLD?

A troy ounce of gold is equal to 31.10 grams. It is a unit of measure first used
in the Middle Ages, originating in Troyes, France. Troy weight units are
primarily used in the Precious Metals industry.


IS THERE A DIFFERENCE BETWEEN A TROY OUNCE AND AN OUNCE?

The ounces Americans use in everyday life are avoirdupois ounces while the gold
price is measured in troy ounces. Troy ounces equal 1.09711 avoirdupois ounces
and 31.1 grams in 1 troy ounce. This is also true of other precious metals,
including silver, platinum, and palladium.


IS THE U.S. GOLD PRICE THE SAME REGARDLESS WHERE I LIVE?

No matter where you are, the gold spot price is the same at any moment. Gold and
silver are traded in U.S. dollars, so the price per ounce of gold and price per
ounce of silver is converted to the local currency to reflect one troy ounce of
gold price.




WHAT IS THE ASK PRICE OF GOLD?

The ask price of gold per ounce is the current minimum price for a dealer to
sell in the market. Dealers will offer to sell gold to you for the asking price.

The asking price is different from the spot price. For example, if the spot
price per ounce of silver is $30, the ask will be higher and include a premium
that factors the cost of manufacturing.


WHAT IS THE BID PRICE OF GOLD?

The bid price of gold per ounce is the current highest market offer to sell to a
dealer. Consumers can expect to receive the bid price when selling gold to a
dealer.


WHAT DOES THE SPREAD FOR THE GOLD PRICE MEAN?

The spread, or the bid-ask spread, is the difference between the asking price of
gold per troy ounce and the bid price of gold and represents the dealer’s
profit. Dealers will offer to sell gold to you for the asking price, and when
you decide to sell gold back, the dealer will pay the bid price. For example, if
a dealer purchased gold for $1,820 per ounce and then sold that same gold for
$1,850 per ounce, the spread is $30.


WHAT IS THE PREMIUM ON GOLD PRICES?

The premium is the additional cost of a bullion item over the spot price of the
precious metal contained in the item. The premium typically includes the costs
of production and distribution.

All precious metals carry a premium over spot to account for manufacturing
costs. For example, if the live Silver spot price is $30, expect single-ounce
rounds to be priced higher than this.


HOW DO I BUY GOLD?

First, decide what kind of gold you are interested in buying. There are several
types of gold, ranging from scrap to bullion products. Second, determine the
form in which you would like to buy. If you buy gold bullion, you will choose
between purchasing physical gold - like coins, bars, and rounds ranging from 1
gram to 100 ounces and more - or gold certificates.

A gold certificate is a piece of paper stating the specific amount of gold an
investor owns that is stored elsewhere. It provides a great alternative to
purchasing physical gold bullion. Gold certificates differ from gold bullion
because the investor never physically encounters or stores the gold. Some
investors prefer the convenience of buying gold certificates. In contrast,
others wish to physically see their gold bullion in their hands - both options
are available to fit the investors' preferences and investment portfolios.

After determining which form you prefer to purchase, research and identify a
reputable seller. For example, the United States Mint does not sell directly to
the public but offers a list of Authorized Purchasers. APMEX has been on that
shortlist since 2014 and is in such good company as Deutsche Bank, Scotia Bank,
and Fidelitrade, to name a few.

Finally, prepare for how you will securely protect and store your gold. There
are many factors and options for this. For a small fee, you can store it with a
trusted third party such as Citadel - a service offered by APMEX - or you could
choose to store your gold in your own vault or lockbox at home.


READY TO SELL YOUR GOLD BULLION ONLINE?

APMEX offers you the option to sell your precious metals quickly and easily, all
online! Sell gold to us and receive a step-by-step process on how to sell your
gold coins, bars, and rounds to APMEX.


WHAT IS A PRECIOUS METALS IRA?

Precious Metals IRAs, which are self-directed IRAs, make the most of gold
values. Like regular IRAs, any profits on your gold investment sales can be tax
deferred as long as the proceeds are kept with your reinvestment custodian or
transferred to another IRA account. When you place the precious metal in the
IRA, you can further diversify your portfolio and hedge against economic
downturn.

There are limitations on the precious metals eligible for IRAs. Gold must be
99.5% pure to be eligible for an IRA, and silver must be 99.9% pure. Watch the
silver price and make informed investments.


WHAT IS A GOLD SHARE OR GOLD TRUST?

Some gold investors would prefer not to house or ship their precious metals, so
they invest in what is known as a gold share with an ETF. These shares are
unallocated and work directly with a gold fund company that backs up the gold
shares or stocks, which takes care of shipping and storage. With that, gold
buyers do not have to worry about holding the tangible asset. However, gold
investors who prefer to hold their investments physically do not care for this
option.


IS GOLD TAXED?

When shopping online with APMEX, you may be required to pay state and local
sales tax on your purchase, but the tax rate you pay may vary depending on the
address where we will be shipping your order. For more information on individual
states, visit our State Tax Information page.


IS MY GOLD PRICE LOCKED IN WHEN MY ORDER IS PLACED?

When ordering with APMEX, the gold price when your order is submitted is the
locked in price. APMEX will send you an order confirmation email detailing your
purchase and confirming the secured price.


IS THE PRICE DIFFERENT IF I PAY FOR MY GOLD BY CHECK THAN IF I PAY BY CREDIT
CARD?

There are some price differences depending on the payment method you use –
certain methods offer discounts. For a full list of our accepted payment methods
and discounts offered, visit our Payment FAQ page.


WHO MAKES GOLD BULLION AND COINS?

Gold bullion is produced by mints located worldwide, by either a sovereign mint
or privately owned. Gold bullion produced by these mints typically comes in
coins, bars, and rounds, with a wide selection of sizes ranging from grams to
ounces to kilograms available. For collectors and investors, it is important to
know the difference between sovereign mints and private mints.

Sovereign mints, also known as government or national mints, manufacture bullion
produced for legal tender in that country. A face value is typically associated
with bullion and an official legal tender status. Widely collected bullion, such
as the American Eagles and American Gold Buffalo coins, and these sovereign
mints produce the Canadian Maple Leaf series. Examples of these well-known
sovereign mints include the United States Mint, Royal Canadian Mint, The Perth
Mint, the Austrian Mint, and more.

Private mints, as the name suggests, are privately owned and do not produce
bullion for legal tender. Private mints make their own designs, branding,
purity, and metal content. No legal requirements or restrictions are placed on
private mints to produce any specific amount of Precious Metals. While private
mints do not produce legal tender bullion, they create countless popular and
unique products each year that are great additions to many collections. Examples
of these private mints include Engelhard, PAMP Suisse, Johnson Matthey, and
more.


WHY DO INVESTORS BUY PHYSICAL GOLD INSTEAD OF GOLD DERIVATIVES?

Gold derivatives are financial instruments linked to the price of gold, offering
investors flexible ways to participate in the gold market without owning
physical gold. Gold futures and options contracts, traded on exchanges like
COMEX, enable speculation and hedging based on future gold prices.
Exchange-traded funds (ETFs) backed by physical gold provide a simple and
accessible way for investors to track gold's performance. Gold swaps and
forwards facilitate customized hedging and financing strategies by allowing
participants to exchange cash flows tied to gold prices. In the intricate world
of gold derivatives, investors can manage risk, speculate on price movements,
and fine-tune their gold exposure to align with specific financial objectives.

Gold derivatives often have complex or hidden costs and risks associated with
them. Physical gold bullion is competitive in its price structure and has no
contractual risk (also known as counter-party risk). Gold ETFs are one of the
most popular gold derivative products and illustrate the point perfectly.
Assuming an investor places $10,000 into their investment the first year and
$5,000 each thereafter, we can calculate the cost of the ETF over time based on
the expense ratio. For comparison’s sake, we’re assuming the ETF always performs
as well as spot gold, which isn’t always true.


Average Gold ETF 

Years 

Net Investment 

ETF fees 

Physical Gold Premium (est. 5%) 

10 

$55,000.00 

$4,035.05 

$2,750.00 

15 

$80,000.00 

$10,550.93 

$4,000.00 

20 

$105,000.00 

$23,047.12 

$5,250.00 

25 

$130,000.00 

$45,482.45 

$6,500.00 

30 

$155,000.00 

$84.124.96 

$7,750.00 


This table illustrates how the fees for gold derivatives add up and exceed the
cost of physical bullion over time.



GOLD PRICE HISTORY


HIGHEST GOLD PRICE EVER ACHIEVED:

Gold set a record high on March 20th, 2024 of $2,220 per troy ounce. This
follows a trend of new record setting highs for gold in recent history. A new
high was reached on August 7, 2020, when it surpassed $2,074 per ounce. This
remarkable milestone was primarily driven by a combination of factors, including
the economic uncertainty caused by the COVID-19 pandemic, low-interest rates, a
weakening U.S. dollar, and increased demand for safe-haven assets. Just a short
few years later, another new high was reached on May 4, 2023, when gold hit
$2,080.72. This was sparked by demand fueled by the collapse of Silicon Valley
Bank, as wealthy investors rushed to get their money out of banks at risk of
failure and into gold. As the FDIC only insures up to $250,000 per account,
someone with considerably more money in the banking system stood to lose a lot
of money. After SVB’s collapse, several other high-profile banks failed. In
general, catastrophe tends to spur demand for safe-haven assets like gold, which
leads to stronger prices. Another new record was established just seven months
later on December 3rd, 2023 of $2,135 per troy ounce. In this case, one of the
board members of the Federal Reserve made remarks to the public that indicated
rate cuts may be imminent in 2024. The potential of lower interest rates makes
gold attractive because it serves as a hedge against inflation and offers a
lower opportunity cost when yields on other investments decrease. So,
what happened on March 20th to drive gold prices higher? The March 2024 FOMC
meeting again forecasted three cuts to the federal fund rates in 2024. Market
players optimistically bought gold in anticipation of future rate cuts in the
near term, driving up the spot price to new all-time highs.


GOLD PRICE APPRECIATION OVER TIME:

Gold has demonstrated an average annual rate of return of approximately 7.78%
over the long term. This number is achieved by looking at gold’s prices from
1971 to 2022.


USING ALL-TIME HIGHS FOR TIMING:

Many investors monitor how close the current gold price is to the all-time high
as a timing tool. When gold approaches or surpasses its historical peak, some
investors view it as a signal to consider selling, anticipating a potential
correction. Conversely, others see it as an opportune moment to buy, betting on
a continuation of the upward trend. When important psychological thresholds are
breached, such as a new all-time high being set, it opens the possibility for a
larger, more protracted upward movement in gold prices. However, it's essential
to consider the broader economic and geopolitical context before making
investment decisions solely based on historical price highs.



FACTORS THAT INFLUENCE GOLD PRICES

Several key factors play a pivotal role in determining the price of gold. These
factors include:

 1. Economic Conditions: The state of the global economy, inflation rates,
    interest rates, and overall financial stability all influence gold prices.
    During times of economic uncertainty or inflationary pressure, gold tends to
    rise in value as a safe-haven asset.
 2. Geopolitical Events: Political instability, conflicts, and trade tensions
    can significantly impact gold prices. Investors often flock to gold as a
    safe-haven asset during times of geopolitical turmoil.
 3. Currency Movements: The value of the U.S. dollar has an inverse relationship
    with gold prices. A weaker dollar typically leads to higher gold prices, as
    gold becomes more attractive to international investors.
 4. Central Bank Policies: The buying and selling of gold by central banks can
    affect prices. Large-scale purchases or sales by central banks can have a
    substantial impact on the supply and demand dynamics of the gold market.
 5. Supply and Demand: The balance between gold supply and demand, influenced by
    factors like mining production and jewelry consumption, plays a role in
    price fluctuations. Scarcity or excess supply can lead to price shifts.
 6. Investor Sentiment: Market sentiment and speculator behavior can drive
    short-term price movements. Events, news, and market sentiment can lead to
    rapid price swings.
 7. Technical Analysis: Traders often use technical indicators and charts to
    make short-term predictions about gold price movements. These include moving
    averages, support and resistance levels, and other technical patterns. Some
    algorithmic trading patterns have been created to automatically trade on
    technical analysis, adding to complexity in the market.



HOW GOLD SPOT PRICES ARE DETERMINED

Spot prices for gold are determined through a globally coordinated process
overseen by the London Bullion Market Association (LBMA). The LBMA sets the
standards for gold trading and conducts electronic auctions, most notably the
LBMA Gold Price, twice daily. During these auctions, market participants,
including banks, refiners, and institutional investors, submit buy and sell
orders until a supply and demand equilibrium is reached, establishing the spot
price. International factors, such as currency exchange rates and global
economic events, can also influence these prices, making gold a 24/7 traded
commodity. Real-time transparency is provided, ensuring that investors have
access to accurate and up-to-date spot prices, facilitating well-informed
trading and investment decisions.

The determination of gold spot prices also involves other major exchanges,
notably the COMEX (Commodity Exchange, Inc.), in addition to the LBMA. While the
LBMA plays a crucial role in setting global standards and benchmark prices,
COMEX, a division of the CME Group, is prominent in gold futures and options
trading. The prices established on COMEX, particularly the most actively traded
futures contracts, influence spot prices. These futures contracts provide a
forward-looking view of market expectations and can affect spot prices due to
their significant trading volumes and liquidity. As a result, the interaction
between the LBMA's spot prices and COMEX's futures prices creates a dynamic
relationship, impacting the overall price discovery process for gold in the
global marketplace. Other exchanges involved in the price discovery process
include the Shanghai Gold Exchange, the Tokyo Commodity Exchange and the Dubai
Gold & Commodities Exchange.



HOW DO GOLD FUTURES AFFECT GOLD SPOT PRICES?

futures play a crucial role in influencing gold spot prices. These futures
markets, such as COMEX, contribute significantly to price discovery for gold,
providing a reference point for the prevailing spot prices. The arbitrage
opportunities that arise between gold futures and spot markets lead to the
convergence of prices, as traders capitalize on price disparities. Speculative
activity in the futures market can influence market sentiment and trigger
short-term price movements, impacting both futures and spot prices.
Additionally, participants in the gold industry use futures contracts for
hedging against price fluctuations, affecting the supply and demand dynamics of
the spot market. The process of rolling over expiring contracts in the futures
market can also trigger spot market transactions related to physical delivery
obligations, contributing to shifts in supply and demand dynamics and,
consequently, spot prices.



HOW TO TRADE THE GOLD/SILVER RATIO

The gold to silver ratio represents the number of ounces of silver required to
purchase one ounce of gold. This ratio offers valuable insights into the
relative values of these metals. Historically, a higher ratio suggests that
silver may be undervalued compared to gold, making it an opportune time to
consider silver investments. Conversely, a lower ratio might indicate an
advantageous moment for gold investments.

Seasoned investors will trade their silver for gold when it’s advantageous to do
so, and vice versa. For example, let’s say an investor bought 5 ounces of gold
in January 2019 when the gold to silver ratio was 82. That investor who was
trading the ratio may have seen an opportunity to exchange his gold for silver
in April or May of 2020 at a ratio of 112. That would give the investor 560
ounces of silver. Later, in September of 2020, the gold to silver ratio dropped
to 70. Trading this ratio again would allow the investor to trade his 560 ounces
of silver for 8 ounces of gold. In January of 2019, that investor may have been
able to purchase gold for approximately $1300/ounce, meaning that by September
of 2020, those five ounces becoming eight ounces would put his average cost per
ounce of gold at $812.50. Gold in September of 2020 was over $1900/ounce,
meaning the investor trading this ratio during that time would have seen
excellent returns over 133%.

This scenario does not consider the effects of tax, premiums or the investor
making advantageous or disadvantageous trades. In most cases the individual
investor trading the gold to silver ratio will be unable to barter and will need
to convert to a liquid currency like the US dollar to trade.



WHY GOLD IS A GOOD DIVERSIFIER

Gold is a perennial favorite among seasoned investors for diversifying their
portfolios. Unlike many other assets, gold often moves independently of
traditional financial markets, offering a safe haven in times of stock market
turbulence or currency devaluation.

Diversification is the cornerstone of sound investment strategy. It spreads risk
by allocating investments across different asset classes, reducing the potential
for catastrophic losses. By including assets like gold, which tend to behave
differently from stocks and bonds, you can enhance the stability of your
portfolio. Gold becomes uncorrelated with other assets during market volatility,
meaning when stocks are down, gold price tends to go up.

In recent years, stocks and bonds have become correlated, potentially related to
the “easy money” policy of central banks over the decade or so. Defined
contribution plans have educated the public for years that a mix of bonds and
stocks provides diversification. But since these asset classes have begun to
correlate, it undermines the diversification benefit tremendously. Meanwhile,
gold has not correlated with either asset and tends to experience demand while
stocks are stressed.



GOLD AND LOCAL CURRENCIES

Global exchanges, such as COMEX and the LBMA, can influence gold prices in local
currencies. The most direct impact occurs through exchange rates, where changes
in the international gold price lead to corresponding adjustments in the value
of gold in local currencies. A stronger global gold price typically results in
higher gold prices in local currencies, while a weaker global price can lead to
lower local prices. Import and export dynamics also play a role, with
international price disparities encouraging trade activities that affect local
prices.

Investor behavior is another significant factor, as global price trends and
market news can influence local demand for gold and subsequently local prices.
Finally, arbitrage opportunities may arise when substantial price differences
exist between global and local markets, allowing traders to buy low and sell
high, thus narrowing the price gap and bringing global and local prices into
alignment. These influences collectively contribute to the intricate
relationship between global exchanges and gold prices in local currencies.

A good example of this is Shanghai in 2023, where domestic production waned
after the pandemic, local demand surged, and the government placed import
restrictions on gold. Gold prices there increased as gold became a relatively
scarcer commodity. However, due to government restrictions, arbitrage
opportunities have not been readily apparent, which is why price equilibrium
with the global gold market has been elusive.



GOLD AND THE US DOLLAR

Gold is traded in the US Dollar and quoted in USD. This is partially why a
correlation exists between the USD and Gold prices. When the US dollar is weak,
gold prices tend to move upwards, and when the US dollar is strong, gold prices
tend to decline. However, there are many factors influencing gold prices, and
the correlation is not perfect. There will be times when the US dollar is
surging and gold experiences similarly strong prices. The FX ticker for gold is
XAU/USD. This is sometimes confused the Philadelphia Gold and Silver Index,
which is an index of thirty gold and silver miners listed on the NASDAQ and has
a stock ticker symbol of XAU.



HOW ARE FOREX TRADERS FINDING ARBITRAGE OPPORTUNITIES IN GOLD MARKETS WORLDWIDE?

FOREX traders identify arbitrage opportunities in gold markets through various
strategies. They exploit price disparities between different markets and
currencies, engaging in cross-currency arbitrage by buying gold in a cheaper
currency and selling it where it's more expensive. Additionally, they can
leverage spot-futures arbitrage by capitalizing on significant deviations
between gold's futures and spot prices. Traders also explore intermarket
arbitrage, profiting from variations in different gold markets, including the
LBMA, COMEX, and local exchanges. While arbitrage can yield profits, traders
must be mindful of transaction costs, exchange rate fluctuations, and market
liquidity, acting swiftly to seize short-lived opportunities before they vanish.



WHY IS GOLD USED AS A STORE OF WEALTH?

Gold has traditionally been used as a store of wealth for thousands of years. A
roman who buried an ounce of gold in 100 A.D. could have used that gold to buy a
nice toga. Almost two thousand years later, one can use an ounce of gold to buy
a nice suit, and have money left over. The analogy has been used by many gold
investors over the years to illustrate that in the long run gold has held its
value tremendously well and in a manner that most assets cannot. This is why
gold is considered a hedge against inflation, and why long term investors ignore
short term price swings in gold spot prices.



WHY YOU SHOULD NEVER ATTEMPT TO BUY GOLD BELOW SPOT PRICE

Like many industries, there are people who attempt to take advantage of others.
If an offer sounds too good to be true, trust that it is. Someone who is
attempting to sell a troy ounce of gold under spot is likely selling a fake gold
coin or gold bar.

The spot price represents the value of the metal, but the premium is a necessity
for the entire supply chain to stay in business. The premium pays for the mines,
refiners, mints, and retailers to stay in business and make a profit. Without a
premium, the metal stays in the ground and no market can exist. If you see gold
listed below spot price, it’s best to default to suspicion.

Talk Live with one of our specialists.

service@apmex.com

800.375.9006


MY ACCOUNT

 * AutoInvest
 * Portfolio Tool
 * Custom Spot Price Alert
 * Price Alerts
 * Product Reviews
 * Account Settings
 * Bullion Club
 * The Bullion Card


WE ARE APMEX

 * Life at APMEX
 * Leadership Team
 * Careers (We're Hiring)
 * How We Give


CUSTOMER CARE

 * Where Is My Order?
 * Contact Us
 * Shipping & Delivery
 * Returns & Exchanges
 * Payment FAQs
 * Sales Tax By State


BUYING & SELLING

 * Sell Gold and Silver
 * Precious Metals IRA
 * Local Coin Shop Directory
 * Storage
 * International
 * APMEX Reviews


EDUCATION

 * Gold Price
 * Silver Prices
 * Platinum Prices
 * Learn Precious Metals
 * Investing Guide
 * Buying Guide
 * Selling Guide

Whether you're new to Precious Metals, or just new to APMEX, we're glad you are
here. Stay Informed of Our Special Offers.

Subscribe to Newsletter Subscribe
Fresh Look, New Features

Apple Store

Google Play

© 2024 APMEX LLC. All Rights Reserved.

Privacy Policy | Market Loss Policy | User Agreement


×

MODULE NAME





×

FAVORITES!



×

CURRENT QUANTITIES AVAILABLE



×

Search for products or categories Search
(0)

ITEMS IN CART (0)





There are no items in the cart.


APXIIS02

 * Suggested Searches
 * Yeager Poured Silver
 * Who
 * Whitman Publishing
 * Warner Brothers
 * Wall Street Mint
 * Umicore
 * UFC
 * U S Navy

 * Top Searches
 * Dragon
 * bars
 * goldback
 * Silver eagle
 * John wick
 * Gold coin
 * Silver bullion deals
 * Gold Available Products

 * Suggested Searches
 * Yeager Poured Silver
 * Who
 * Whitman Publishing
 * Warner Brothers
 * Wall Street Mint
 * Umicore
 * UFC
 * U S Navy

 * Top Searches
 * Dragon
 * bars
 * goldback
 * Silver eagle
 * John wick
 * Gold coin
 * Silver bullion deals
 * Gold Available Products