Spot Gold

The spot gold market can be very profitable if you can get in it. You see, participating gold dealers typically do not deal with private individuals because the spot market involves high volume deals on low margins. It will be expensive and tedious for these dealers to screen individuals, perform credit checks, and other such background work.

If you re a private buyer looking to purchase just a few bars and you intend to keep them for years, dealers won’t make a profit from your business. Luckily, you can now join organizations that let you access the spot gold market even when you are just a small investor. These organizations, which you can find online, use their own “dealing and vaulting” facilities, all on your behalf. This means you can buy gold directly (on the spot market) at tiny commissions. You can also store your bars inexpensively in professional bullion market vaults either in London, New York, or Zurich, at a fraction what big bank storage facilities cost. Insurance is often included. If you are planning to join such an organization to get into the spot gold market, make sure you check if they deliver the most competitive gold prices – the actual figures you see in the papers and online. This way, you never pay more whenever you buy or receive less whenever you sell. Also be sure they deal only with “Good Delivery” bars cast by accredited precious metal refiners trusted by the London, Zurich, and New York markets. These bars are accurately assayed; they are guaranteed 99.5% pure gold (or better). And because these bars have never been privately owned or possessed, they retain high integrity. They are securely kept in registered bullion vaults from the day of manufacturing, and they are constantly monitored by the dealership community. When they need to be moved by registered “bullion couriers,” careful records of every movement are maintained.