Gold is priced and traded in US dollars per Troy ounce. One Troy ounce is equal to twenty penny weights (DWT) or 31.1034 grams. We have listed below some of the most common ways for you to own physical gold.
Bullion Coins:
As mentioned previously bullion coins are the most popular of all gold holdings. After all, a coin, even a modern one, is a work of art. Where as an ingot of gold is simply a lump of yellow metal. With a growing, awareness of gold ownership mints have not been able to match supply to meet demand.
When buying modern bullion coins, you must accept the fact that you are paying a price that will be at least five to ten percent above the paper price. In addition, when you sell you must be prepared to receive five t =o ten percent below the paper price. For this reason, market prices will need to rise around ten to twenty percent just for you to break even.
