1 oz Gold Bar – Secondary Market

What is the difference between 1 oz Gold bars, 1 oz Gold rounds and 1 oz Gold coins?

Knowing the difference between 1 oz Gold bars, 1 oz Gold rounds and 1 oz Gold coins can help both old and new investors maximize their budget. Gold bars are fabricated most often by private mints, and are usually the easiest way to accumulate the most Gold for your dollar. Similar to Gold bars, Gold rounds present a way to buy Gold at a lower price point and typically Gold rounds are produced by private mints. Gold rounds will often look like Gold coins with beautiful designs but the rounds are typically purchased as investment bullion. Gold coins are only minted by government mints, and these coins have legal tender value and the coins, especially vintage Gold coins, can have higher numismatic collector value.

The price of 1 oz Gold bars is affected by the laws of supply and demand.

When buying 1 oz Gold bars, you may wonder how the price of Gold is determined. Manufacturing Gold bars and other Gold products such as jewelry and electronic components is dependent on the supply of Gold, which is finite. Using Gold to produce Gold bullion has dominated the supply of Gold for thousands of years; however, new uses for the Precious Metal have been discovered throughout time, and many of the newer uses have only been in existence for the past few decades. The price of Gold is affected by this growing demand and the limited supply of this Precious Metal.

New York Gold Co. guarantees these secondary market 1 oz Gold bars to contain a full ounce of .9999 fine Gold.