Here is a brief gold glossary to help familiarize you with precious metals if you’re new to the gold market.
We hope you enjoy your gold glossary and best wishes always.
The Gold Silver IRA Rollover Team
Ask Price – The selling price precious metals dealers offer.
Bid Price – The price precious metals dealers pay for bullion or coins.
Bullion – Precious metals like gold, palladium, platinum, or silver in the form of bars or other storage shapes. Bullion coins are made of these metals, too.
Collector Coin, Historic Coin, or Numismatic Coin A coin whose value is based on rarity, demand, condition, and mintage; in fact, it may be worth more than its bullion value.
Melt Value – The basic intrinsic bullion value of a coin if it were melted and sold.
Premium – The amount by which the market value of a gold coin or bar exceeds the actual value of its gold content. The seller can recover part of the premium at resale.
Spot Price – The current price in the physical market for immediate delivery of gold; sometimes called the cash price.
Spread – The difference between the buying price and the selling price.
Troy Ounce – The unit of weight for precious metals. One troy ounce equals 480 grains, 1.09711 ounces, or 31.103 grams.
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The IRA Gold Investment Guide
The American IRA and 401(k) Crisis
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The IRA Gold Investment Guide
Goldco’s top educational guide, The IRA Gold Investment Guide has helped thousands of new investors get a handle on a most confusing marketplace – while introducing them to a little-known tax loophole.
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The American IRA & 401(k) Crisis
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Your Goldco® Gold Investment Specialist will be happy to ship your free expert Gold IRA Kit as well as answer any questions you have about the rollover process. They are available to help you understand and navigate precious metals investments, finding the right solution custom tailored for your wealth growth and preservation goals.