International Gold Purchasing
- Thread starter nickndfl
- Start date
Welcome to the Precious Metals Bug Forums
Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.
Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!
- Messages
- 471
- Reaction score
- 305
- Points
- 168
It depends the size of the bar. As fas as 10oz goes, right now:
Hong Kong
Bid 2985 Ask 3015
Sidney
Bid 2984 Ask 3025
Zurich
Bid 2984 Ask 3025
You can check also Singapore Dubai London and New York live.
Allocated Bullion Exchange | ABX
Allocated Bullion Exchange is the first electronic exchange for physical precious metals trading. Trade gold bullion with improved efficiency and pricing.
There are no premiums because of the arbitrage.
- Messages
- 471
- Reaction score
- 305
- Points
- 168
In local currency is not helpful because if you get different prices in different local currencies then you have to convert into $ in order to make the price comparison possible.
If you click on the link to the ABX you see that all those prices that I mentioned are in US$ - which is helpful because this way you can directly compare different local markets.
You right. It is US$3025/oz for a 10oz gold bar.
But the 1oz price of a 1kg bar is different.
The 1oz price of a wholesale 10kg gold bar is also different.
You can look it by yourself where it says "Live Precious Metals Pricing".
- Messages
- 471
- Reaction score
- 305
- Points
- 168
I think you were referring to purchasing a 1oz gold coin at a local coin shop, not about buying allocated/vaulted gold, so in some way I think I hijacked your thread.
As far as buying allocated gold through the ABX, it looks like there are no premiums based on geography because ABX is a centralized exchange thus enabling arbitrage.
It would be interesting to see whether there are different prices for allocated/vaulted gold. Generally allocated gold get bought at spot, so there should be no price difference between allocated gold in USA, Switzerland or Brazil, but I'm not sure.
Surely there are exceptions - e.g. in China.
We get or used to get a lot of Canadian tourists in South Florida and they were notoriously cheap, low tippers. They also preferred cheap housing. I can imagine that their dollar is worth only 69 cents here, so they were paying almost 1/3 more for everything.
Silver Gold Bull quotes in foreign currency.
goldprice.org
silvergoldbull.ca
silvergoldbull.co.uk
Spot Gold
This page displays charts of the current price of gold, otherwise known as the spot gold price. The spot gold price refers to the price at which gold may be bought and sold right now, as opposed to a date in the future. The spot price for gold is in a constant state of flux, and can be driven by...
Buy Silver & Gold Bullion Online | Silver Gold Bull Canada
We Offer Gold and Silver Coins, Rounds, Wafers and Bars including Silver Maple Leaf and Gold Maple Leaf coins
silvergoldbull.ca
1 oz 2025 Canadian Maple Leaf Gold Coin | Royal Canadian Mint | Silver Gold Bull UK
The Canadian Maple Leaf is one of the most famous and recognizable bullion coins of all time and is a flagship addition to your holdings! Secure yours today! COIN HIGHLIGHTS *Typically ships individually in a plastic flip sleeve; Multiples of 10 typically ship in a tube; Multiples of 500...
silvergoldbull.co.uk