Real money you can heft in your hand. One ounce bars and rounds are the sweet spot when it comes to retail markup. Stock gold for portability and silver for small transactions. The closer you get to spot price the better and view such as preservation rather than speculation.
However, less gold is mined every year, and all 4 precious metals have use besides as money. The two P's are used in catalytic converters as an example. Silver is more common, but actually is the most useful due to its antimicrobial properties, and it is also the best conductor of electricity by far.
Spot price of gold is @ $1971 , 31.1 grams to a troy ounce (63.38 a gram) 1 gram bar at a cheap online dealer is 80.49, more than 25% markup. 1oz bar is 2031.30 (65.33 a gram) around a 3% markup. Buying larger than 1 oz garners a very small savings and would be hard to barter. A 1 kilo gold bar is 64,180 (64.18 a gram) but who would have change?
Silver @ 23.77 an oz currently, 28.57 to buy a cheap 1 oz bar so about a 20% markup, however its considered a good barter metal and smaller change is readily available in pre-1964 silver coins (90% silver) denominated in 10,25,50 cents, 1.40 in those coins equals 1 oz. Stay away from lower percent silver coins, as they are considered too much trouble to calculate or to smelt.
As you can see you lose out when you buy, hence the wealth preservation term.
Gold Coins have a huge markup! 2,114 for a 1 oz gold eagle (not pure, but has 1 oz of actual gold)
Varying estimates, but a decent estimate, is that there is about 24T of gold with just over half in jewelry which is a small amount when viewed as a world currency, so gold should still hold good value even if Uganda's gold in the ground is true. I don't think so or the cabal would be there getting it all....
Real money you can heft in your hand. One ounce bars and rounds are the sweet spot when it comes to retail markup. Stock gold for portability and silver for small transactions. The closer you get to spot price the better and view such as preservation rather than speculation.
However, less gold is mined every year, and all 4 precious metals have use besides as money. The two P's are used in catalytic converters as an example. Silver is more common, but actually is the most useful due to its antimicrobial properties, and it is also the best conductor of electricity by far.
Spot price of gold is @ $1971 , 31.1 grams to a troy ounce (63.38 a gram) 1 gram bar at a cheap online dealer is 80.49, more than 25% markup. 1oz bar is 2031.30 (65.33 a gram) around a 3% markup. Buying larger than 1 oz garners a very small savings and would be hard to barter. A 1 kilo gold bar is 64,180 (64.18 a gram) but who would have change?
Silver @ 23.77 an oz currently, 28.57 to buy a cheap 1 oz bar so about a 20% markup, however its considered a good barter metal and smaller change is readily available in pre-1964 silver coins (90% silver) denominated in 10,25,50 cents, 1.40 in those coins equals 1 oz. Stay away from lower percent silver coins, as they are considered too much trouble to calculate or to smelt.
As you can see you lose out when you buy, hence the wealth preservation term.
Gold Coins have a huge markup! 2,114 for a 1 oz gold eagle (not pure, but has 1 oz of actual gold)
Varying estimates, but a decent estimate, is that there is about 24T of gold with just over half in jewelry which is a small amount when viewed as a world currency, so gold should still hold good value even if Uganda's gold in the ground is true. I don't think so or the cabal would be there getting it all....