NY Gold And New York Gold Bars

900k-gold-commissionsGold, the alluring metal that has adorned kings and raised empires. Since the discovery of gold, man has sought to possess this metallic asset, for its beauty, but more specifically because of its value, indestructibility and versatility.

Gold is traded internationally with the business day defined when both the London and New York gold markets are open. The more traditional way to trade in gold is in bullion or investing in bullion gold bars. Bullion dealers provide the same services as banks.

In New York gold bars generally carry lower price premiums than gold bullion coins. Investing in gold is a sound principle, whether for industrial manufacture, personal decoration, portfolio diversification, long-term investment, risk management or coinage for trade.

Gold Basics

• Gold is measured and sold by weight – troy ounce and grams.
• When gold is mixed with other metals the term carat or karat is used to indicate the purity of gold present
• 24 carats is pure gold
• Millesimal fineness is a the system by thousand parts, denoting purity and is expressed as a decimal figure from 0 – 1 (999.99 being the purest type of gold in the market)
• The price of gold is determined through trading, with the daily benchmark being fixed for world trading.
• The price of gold tracks the shifting balance of supply and demand.

When considering gold as an investment, it is important you do your homework. Research reputable companies online – be sure to establish credibility and trading history.

Select an organization with experience and a comprehensive range of services.

Established businesses buy and sell large amounts of gold and silver, therefore your order is part of an ongoing sales structure giving you the benefit of their reputation, knowledge and experience. Gold is a long term investment, and you want to operate with confidence to secure a fair market price.

Your investment will depend on your specific requirements and outlook. Decide which is better suited for you – buying bullion bars or coins. Both are priced on the basis of their fine gold content. In New York gold bars are a much sought after gold exchange. Popular NY gold bars include the American Eagle, Kruger Rand and Canadian Maple Leaf.

On purchasing gold bars or coins, a commitment price is set, the price is locked on order and is no longer linked to the daily market fluctuations. Check your invoice carefully for brokerage fees, shipping and handling, before you confirm and send your payment. Look for a company that has a substantial physical inventory.

However you would need to check dealer premiums as this can vary, even with the same dealer, depending on the availability of each type of bar or coin. Discuss their “buy back” policy at the time of purchase. If you are selling, be sure your coins or gold bars are in mint condition. Most traders will offer competitive prices for gold in the original packaging.

Taxation of Precious Metals

NY Gold maintains a preferred and special position in the market. In some countries the trading of recognized gold coins and bullion are value added tax (VAT) free. Other precious metals do not share the same concessions. However capital gains tax may apply to individuals and their tax residency. Your broker or agent should be in a position to advise you.

Gold, the metal of the Gods attracts its fair share of scams. Watch out for pyramid schemes, advance fee frauds, Gold dust sellers and counterfeit coins. If it seems too good to be true – it usually is. Only deal with recommended and well established traders.

For easy processing and exceptional trade-in or buy prices for New York Gold Bars, visit bulliontradingllc.com/Gold-Bars