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Gold Bullion Answers

What drop in value should i expect when selling gold bullion?
Q. Hi, i am about to buy gold bullion but i want to understand that what should be the price i should expect when selling it back in the market. I understand that it is lower than spot price but how much lower will it be? maybe in percentage. Can you also tell me if the difference of price drop while selling a Credit Suisse gold vs. American Eagle gold coin. Thankyou
Asked by findthemall_82 - Mon Nov 23 14:44:43 2009 - Investing - 2 Answers - Comments

A. The typical markup at purchase and fee at sale is 5% to 8% from current spot price for any gold sale, so you should shop around.
Answered by liberty 911 - Tue Nov 24 06:39:00 2009

how valuable is just the one gold bullion?
Q. how valauble is just the one gold bullion? and how heavy are they?
Asked by Matt - Fri Jun 25 10:51:37 2010 - Other - Business & Finance - 2 Answers - Comments

A. There is no such thing as one gold bullion "Bullion" refers to gold in the raw, not made into things like jewellery There are ingots, which can weigh anything you like. Look up the price of gold in any major newspaper if you want to know the value of gold. It will be quoted in ounces, but they are not avoirdupois ounces, but Troy weight
Answered by Atalanta - Fri Jun 25 14:20:09 2010

Will the gold bullion found in the HMS Victory help?
Q. Will the estimated billions of pounds worth of gold found on the HMS Victory be a much needed money injection into the U.K's economy?
Asked by Sheepy - Sun Feb 22 16:25:10 2009 - Current Events - 7 Answers - Comments

A. Nope, it's 'loose change' in the scheme of things, by the time everyone has had their cut ... not much left. Anyway we give more than that away in 'Aid' each year. Edit. Not Nelson's Flagship ... for those who have not seen the news article ... please read the following.
Answered by Michael c CE Freedom Party. - Sun Feb 22 16:35:36 2009

Safe way to buy gold bullion coins in USA?
Q. Anyone know of a way to ensure bullion coin is really what the dealer says without having to do an assay yourself? Is there some organization that certifies the legitimacy of gold dealers? Or do you just have to go by the companies' general reputation and Better Business Bureau reputation? (A lot of the big name gold dealers have pretty bad BBB profiles! :-( )
Asked by radamant24 - Sat Oct 18 14:59:25 2008 - Investing - 2 Answers - Comments

A. A friend of mine told me about a good place the other day: Dillon Gage. They have a refinery that refines gold and they also have all kinds of gold coins with a large inverntory. If you deal with that type company rather than a retailer, you will get a better deal.
Answered by Clark Kent - Sat Oct 18 15:07:16 2008

Is it still illegal for Americans to own gold bullion?
Q. I read recently that when the government moved off the gold backing of our paper money, they actually made it illegal for Americans to own gold bullion, and the only gold we can own is in the form of jewelry, coins, etc. Does that law still apply today?
Asked by atrus781 - Wed Jul 8 10:36:43 2009 - Law & Ethics - 7 Answers - Comments

A. Owning gold was made illegal in the 1930's so that the government could inflate the currency and stimulate the economy out of the "Great Depression". You can inflate a "Federal Reserve Note". You can't inflate a $20 gold piece. It was made legal, again, to own bullion and coin in the early '70's so that the wealthier among us could invest and protect their money from the runaway inflation that was going on. Once things reach a critical point where too many U.S. citizens are investing in hard assets, such as gold, the Congress may be tempted to collect all the gold again.
Answered by John H - Wed Jul 8 10:49:24 2009

Cheapest place to buy silver and gold bullion?
Q. Where is the cheapest place to buy silver and gold bullion in Austria/Vienna ?
Asked by Ahmed A - Sat Dec 13 04:13:14 2008 - Investing - 1 Answers - Comments

A. Out of sight Antique shops..u might get lucky or at random sales...ive heard of people that find rare stuff there...Just hunt..otherwise go on the net
Answered by Julie M - Sat Dec 13 04:18:50 2008

Where can I buy gold bullion in Montreal, Canada?
Q. I don't want to buy online cause I don't have a credit card. I want to know a place that sells gold bullion and the shop must be close to a subway station. Thank you for your good answers! I don't want to buy online! Cause I don't want people to scam me and then I have to sue them which is a waste of time!!!
Asked by Bn Nb - Wed Sep 7 20:05:34 2011 - Investing - 4 Answers - Comments

A. Look for coin shops, try the banks. You can get a prepaid Mastercard from BMO for $9.95 for 3 years, put money onto that and order from amazon. Canada doesn't quite have the same convenient prepaid visa card from a grocery store that the States have and the prepaid gift cards can be troublesome to register for web use.
Answered by John W - Wed Sep 7 22:33:22 2011

When criminals steal gold bullion and diamonds, where do they go to fence the goods and how do they do it?
Q. Ie The 1983 Heathrow gold robbery. They got away with PS25million of gold bars. How did they do it? Nearly all of it has not been found. It can't be that easy to exchange/melt down/stash all that money and gold.
Asked by RM - Wed Aug 29 08:51:40 2007 - Other - News & Events - 3 Answers - Comments

A. Some times not all the stolen Items are sold back to the insurance companies. Then a robbery is not a robbery A cover up to make it look like a robbery.
Answered by Mogollon Dude - Sat Sep 1 23:20:57 2007

How do I buy and sell gold/ gold bullion?
Q. I'm making my first long term investment and I'd like to know, how do I buy and sell gold bullion?
Asked by maximuspauluss - Mon May 31 08:25:53 2010 - Investing - 1 Answers - Comments

A. A commodities account will essentially do what you want. If you really want to buy the physical commodity you'll need a truck and a very secure warehouse.
Answered by Karen - Mon May 31 11:00:23 2010

Do gold bullion bars have to stay in there package to keep there value?
Q. Now days almost all the 24k gold bullion bars you find for sale come in a package, like a card they are sealed into from the refinery, I am speaking of smaller bars from 1 gram to like 1 ounce bars some others too. I am curious, if I bought 50 gold bullion 1 gram pieces would they lose value if I took them out of there package or be harder to resale in the future or prove there purity?
Asked by Jason - Mon Nov 23 18:07:54 2009 - Investing - 2 Answers - Comments

A. The only value of a gold or silver bar is its meltdown value. It doesn't matter whether it's dirty or dented or scratched, meltdown value is the same. I can manufacture any package you want to "prove" the purity. The dealer doesn't care about the package.
Answered by b2fnow - Mon Nov 23 22:03:28 2009

So who thinks Gordon Brown was a fool for selling our gold bullion?
Q. After told my many, many advisers not to sell a large amount of the UK's gold bullion (esp. when it was selling at such a low price) but still going ahead, does he look like an fool now when gold bullion prices are the only thing that is going up? Gordon Brown is the Prime Minsister of the UK. It really shocks me that you don't know who it is!
Asked by Helena H - Thu Oct 16 15:41:45 2008 - Government - 2 Answers - Comments

A. I think it is unwise to sell that any time. Back in mid 80's when a Middle Eastern Arab country sold its gold, it national currency lost half of its real value, and tremendous inflation rates ensued.
Answered by Jordanian - Thu Oct 16 22:51:11 2008

how can I sell a stolen credit suisse gold bullion?
Q. Just kidding. Kinda How can I find out if a gold bullion is really from Credit Suisse? I want to buy one from this guy but he says he does not have a certificate. It has serial numbers. Is there any place I can check to se if this bullion is legit? Thank you. I know it is gold, but what if it is stolen and later I try to sell it and get arrested!!
Asked by LegalizeHo'sCriminalizeborti - Tue Apr 7 23:08:28 2009 - Investing - 3 Answers - Comments

A. Credit Suisse Bars will have their name and serial number on it. I have never seen or heard of a fake Credit Suisse bar. As for it being stolen there is really no way for anybody to track it. I know it has a serial number but almost impossible unless you live in the same county where it was stolen from. There's not a national Stolen Gold Bar database to check. Ha Ha You would be 99.99% safe buying it in my opinion. You don't need the Certificate,Credit Suisse is one of the top Mints in the world and anyone in the Bullion market knows this. Gold closed today at $880.65 an ounce. Try to buy as close to spot price as possible.
Answered by Kevin H - Fri Apr 10 18:44:55 2009

Can you travel with gold bullion to different countries freely or there's some kinda custom problems involved?
Q. Did anyone travelled with gold bullion before? How does it work custom vise?
Asked by Jane - Wed Sep 9 23:23:26 2009 - Other - Destinations - 2 Answers - Comments

A. The majority of countries in the world insist you have a bullion dealers licence even to own bullion. My advice would be to ask your local bank's advice. Don't confuse the small "tola " bars with bullion. Bullion comes in 12.5 and 25 kilogram bricks. the small tola bars are not really bullion.
Answered by sami umni - Thu Sep 10 00:36:42 2009

Is it wise to invest in gold bullion now?
Q. 1oz gold bars(.99) pure bought from reputable Bullion dealer
Asked by frator67 - Thu Aug 12 19:54:09 2010 - Investing - 2 Answers - Comments

A. Instead of buying the gold itself, you can trade GLD, a gold index fund backed by gold bullion. If the question is whether it is wise to invest in gold, the answer is yes. With many countries now own huge sum of US treasuries by countries like Japan, China, Korea, Taiwan, Singapore, even Russia, the value of currency will have a significant change in the near future. Currency market is now depended on a few strong currencies such as the Euro, the yen, the British pounds, and the US dollar. But none of these currencies are now backed by any substantial collateral. Since 1972, the US has backed away from the gold standard for currency. This policy works as long as the US economy continues to be strong to support the US dollar. As the future… [cont.]
Answered by Curious2006 - Thu Aug 12 20:23:11 2010

Do gold bullion coins rise in value independent of gold prices?
Q. I understand gold bullion coin prices fluctuate with the price of gold, but do they rise in value independent of gold prices?
Asked by Incredulo - Wed Feb 2 17:37:43 2011 - Other - Business & Finance - 2 Answers - Comments

A. Some do and some don't. Pure bullion investment coins do rise in value as the metal rises in value. Those scarcer coins, while being technically bullion coins, have additional collector value, and those values fluctuate independent of the metal price. Example. I spoke with a guy this morning about some gold coins with numismatic value that he'd listed on Craigslist. He has some pretty rare ones. Instead of telling me how much he wanted for them, he gave me the prices he paid, anywhere from 5 to 10 years ago. Well, that was back when we were all flying along in a relatively strong economy and people had the extra money to spend on their collections. Not so now. His total price paid for these five coins is $4,000 more than 'book' value for… [cont.]
Answered by curtisports2 - Sun Feb 6 16:04:52 2011

I am entitled to claim gold bullion in exchange for bank notes?
Q. Would the bank of england give me my gold? It is mine after all.
Asked by mr_fantata - Fri Oct 10 08:26:54 2008 - Personal Finance - 4 Answers - Comments

A. No, you could do that at one time but not any more.
Answered by bard - Fri Oct 10 08:59:50 2008

can you bring gold bullion into the usa from Ghana?
Q. My fiance want to bring physical gold bullion from Ghana on a flight to usa. Is this legal?
Asked by Roger Dodger - Wed Apr 1 01:23:58 2009 - Investing - 2 Answers - Comments

A. I don't think there will be a problem, but expect lots of "attention" from security according to how much it is.
Answered by $so fresh so clean$ (3 for 3) - Wed Apr 1 01:40:04 2009

Is there a way to invest superannuation funds in gold bullion? What super funds allow that?
Q. Specifics. I am not referring to super funds where they put a percentage of their funds in gold. Rather, I want to choose a fund where I can determine how much of the money is set aside in gold bullion.
Asked by Four - Sat Apr 17 02:24:53 2010 - Investing - 1 Answers - 1 Comments

A. SBI Gold Deposit Scheme, where you get interest in terms of gold.
Answered by nomoreiaminthisworld - Sat Apr 17 09:00:49 2010

Where can I buy gold coins or gold bullion in the Philippines?
Q. Where can I buy gold coins or gold bullion in the Philippines? Specifically in Makati City or Paranaque?
Asked by emartel01 - Tue Apr 8 01:32:32 2008 - Philippines - 2 Answers - Comments

A. There are many frauds in the world, evenly distributed so here in the Philippines there are wolves in sheeps clothing. Do not trust just anybody (strangers from Y!Answers). Better call the Banko Sentral ng Pilipinas (BSP) for accredited sources. Bangko Sentral ng Pilipinas: A. Mabini St. cor. P. Ocampo St., Malate Manila, Philippines 1004 Tel. No. : (632) 524.70.11 Fax No. : (632) 523.62.10 E-mail: bsp - Security Plant Complex East Ave., Quezon City Tel. No. : (632) 929.70.71 to 90 Fax No. : (632) 926.25.94
Answered by mr.bombastic - Tue Apr 8 03:22:50 2008

How much is gold bullion worth ?
Q. I'm thinking more along the lines of one bar of gold bullion; how much would that be worth ?
Asked by Kris - Mon Jun 6 01:49:53 2011 - Other - Business & Finance - 4 Answers - Comments

A. About US$1500 per troy ounce
Answered by falsi fiable - Mon Jun 6 01:52:36 2011

From Yahoo Answer Search: 'gold bullion'
Tue Nov 15 10:22:29 2011

gold bullion eagle jpeg
usagold.com
gold bullion eagle jpeg
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Buy U S Gold Eagle Bullion Coins US Eagles gold bullion coins Fineness 916 Actual Gold Content 1 0 troy ounce 31 103 grams

Google Images Search: gold bullion,
Sun Jan 8 14:58:34 2012
Demand for bullion at fever pitch
Sydney Morning Herald
Demand for bullion at fever pitch
Sun, 31 Jul 2011 21:22:03 -0700

Some gold-related investments, such as managed funds that invest in gold miners (and usually also in gold futures and gold bullion ), sometimes remove the exchange-rate risk from the funds' returns. That way, at least the return the investors receive is ...
Google News Search: gold bullion,
Sun Jan 8 14:58:35 2012
Gold Bullion Bars 1 Ounce and Larger
bullion.nwtmint.com
Gold Bullion Bars 1 Ounce and Larger
Northwest Territorial Mint is a major dealer in gold Bullion bars from Swiss PAMP, Credit Suisse, the Royal Canadian Mint and other mints.
bullion.nwtmint.com/gold_bars.php

Web Search: "gold bullion",
Sun Jan 8 14:58:35 2012