Finding the Price of Gold per Ounce



Gold bullion has been valued through the years for its beauty and durability.  It is often used as currency and is a symbol of affluence.  Today, gold is still sought after for its value.  Gold is a good investment because the price of gold per ounce continues to keep going up.  Gold is one of the most stable investments that you can make.

Many experts have added gold bullion to their portfolios in order to improve their assets and add more diversity.  There are two main ways to invest in gold including gold bullion coins and bars.  Precious metals, including gold, are sold on the global commodities market.  Learn the price of gold per ounce to determine the best time to make a purchase. 

One of the most popular ways for beginners to start a collection is with coins.  Gold coins are beautiful, tangible assets that are also quite valuable.  The most popular of the gold investment coins is the gold American Eagle.  This is a stunning coin that features the American bald eagle on one side and Lady Liberty on the other.  Lady Liberty was first designed for use on the “Walking Liberty” half-dollar coin first minted in the beginning of the 1900’s. 

The gold American Eagle is minted and backed by the United States Mint located in West Point, New York.  The coins have a face value of $50; however, this price is not a true value of the coin.  The value of the coin is based on the current price of gold per ounce on the market.  The coin is made using 22-karat gold bullion and is quite substantial.  The coin measures 32.7 mm in diameter and has a thickness of 2.97 mm.  Gold coins are sold in units of ten one-ounce coins.  Coins can be easily stored in your home safe or in a safety deposit box.

Another choice for precious metal investing is the gold bullion bar.  Gold bars are made in several sizes.  They are often made by pouring melted metal into molds.  The bars are hallmarked to indicate the weight and purity of the metal used.  The most common gold bar for investors is the 10-ounce bar with a purity of .999 fine gold bullion.  Always purchase coins and bullion from a reputable coin dealer to ensure authenticity.  You will receive a certificate of authenticity and a guarantee to make sure that the purchase is genuine. 

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