1,570.00us for a 1 Ounce Pamp Suisse Gold Bar Bullion Sealed COA Is This a Good Deal?
Posted by suisse_pamp_girl in Pamp Suisse FAQ, tags: 1570.00us, bullion, deal, gold, good, ive gram 5g gold, ounce, Pamp, sealed, Suisse, this, what is 1 troy ounce of pamp gold bullion ingot worth?Question by Bob: 1,570.00us for a 1 ounce Pamp Suisse Gold Bar Bullion sealed COA is this a good deal?
Best answer:
Answer by Spock (rhp)
no, Bob.
the owner of bullion has to pay for the assay required when it is sold.
Further, 1570/troy ounce is well above the world price of gold [1380 or so Friday].
you'll make just as much money with lower costs and easier selling out by buying the "GLD" exchange traded fund at your stockbroker. Free SIPC protection, too.
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