FAQ

What is bullion?

Bullion is basically gold or other precious metals, in bar or coin form, that is certified as to weight and purity. This certification permits it to be recognized internationally, and therefore easily redeemable anywhere in the world.

Why is the price for bullion higher than the spot price?

Bullion is a manufactured product. There are costs in production, distribution and marketing, just like any other product. The banks, mints and governments that issue bullion sell it for a profit, as do distributors and dealers.

Do you buy bullion back?

We buy back any bullion that was sold by us, at spot price. We purchase bullion that we did not sell at a slight discount. Bullion that is in poor condition can't be resold and is therefore purchased as scrap.

Why are some coins only 22 Karat?

The one troy ounce U.S. Gold Eagle and the Krugerrand, for example, are both 22 Karat coins, but they contain a full troy ounce of gold. They weigh about 1.1 troy ounces to compensate.

Why don't you carry larger bars?

It's fairly impractical to own larger bars do to liquidity. Most dealers can easily handle a transaction of several ounces, should you wish to sell locally. Most cannot purchase large bars on the spot.