If you want to buy gold in small amounts but Karatbars doesn’t suit you for some reason, there are plenty of other places to check out.
If you’ve been following the stuff I write on this blog, you may remember a post where I talked about other companies that carry gold in small weights. See that post here.
In that post, I’ve only included those companies that are LBMA accredited, have been around for a while and with an established reputation.
Each company is at least 40 years old. Plus, all are European and the majority is Swiss. Two of these companies are banks and five are gold refineries. Click on company names above to see how their small gold bars look like.
However, only Austrian Mint sells gold bars directly from their website. Others don’t.
On the other hand, gold bars of these companies are carried by many online gold retailers.
Here are four reputable gold retailers:
3. Money Metals Exchange
4. Suisse Gold
Suisse gold.com retailer carries bars of all the above-mentioned companies. This retailer belongs to CC Wealth Limited, a financial company based out of United Kingdom.
Similar to Karatbars, Suisee gold ships worldwide via FedEx, offers storage and guarantees to buy gold back. Storage in their vaults is free for the first year. They have four vaults which are located in Zurich, London, Hong Kong and US. As for selling gold back, considering that gold has been stored in their vaults, they guarantee to buy gold back at a spot price.
What is a spot price?
Okay, what is a spot price? Moreover, what is gold spot price?
Go to the good old google and type in “gold price per gram”, the first price that comes up is a gold spot price.
In contrast, if you go to a website of some gold bullion retailer, their price per gram is a retail price, which is always above a spot price.
Gold spot price is a market price and is used only to trade gold on the markets.
Gold spot price is something that professional speculators who bet on the future price of gold are interested in. However, it has nothing to do with those people who want to get their hands on physical metal.
So, as a consumer, you can’t buy gold at a spot price. BUT you can sell it at a spot price. That’s exactly what Suisse Gold offers: the company will buy your gold back at a spot price!
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