Is Gold a Good Investment?
If you keep up with the news, watch business reports, or follow the stock market at all, you have probably read gold’s daily “spot price. This “spot” value tells you exactly how much one troy ounce of .999 fine gold bullion is worth at any given moment. Gold bullion is usually presented in the form of bars and they do not have any numismatic value at all. Instead, the true price of gold bullion is judged squarely on its melt value. When gold jumps $15 on one day, the price of the bullion jumps the exact same $15. If the “spot” value of gold falls $3 another day, then naturally, the gold bullion’s value falls down as well. Gold bullion is most often traded in 100-bar lots, named “contracts.”
One of the advantages of buying gold bullion is that it is one of the most liquid tangible assets in the world, thus making it valuable everywhere you go.. No matter where you are - New Deli, Madagascar, France – everyone is familiar with the value of an ounce of gold.
However, one of the disadvantages of gold bullion is that a profit can only be made if the price of gold goes up. Any revenue you receive will be tied into the daily “spot” value of gold, unlike numismatic gold and to a somewhat lesser extent semi-numismatic gold.
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