Getting The Most Value in Gold Buying
The spot price of gold is the current price of an ounce of gold in the market. When you buy gold, there is an additional fee added by mints and dealers, which is called the premium. To get the best value, it's important to aim for a low premium per ounce. Experts suggest buying 1 ounce sovereign coins because they tend to have lower premiums compared to smaller increments or collectible coins. Smaller sizes and numismatic coins often come with higher premiums.
Watch more of this short video from How To Buy Gold and Silver: Everything You Need To Know with Adam Taggart.
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.
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