International Gold Purchasing
- Thread starter nickndfl
- Start date
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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
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- Reaction score
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- Points
- 218
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
- 491
- Reaction score
- 310
- Points
- 218
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...
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