How to buy gold at (below) spot price?
First, what IS the “spot price” of gold?
“A spot price is the current price in the marketplace at which a given asset such as a security, commodity or currency can be bought or sold for immediate delivery.”
In other words, the spot price is just current value of gold itself, minus any design or other fees.
When you purchase a gold coin for investment or savings, it is often advertised by how much you will pay above the current price of the metal, or “spot price”
Like this:
Image source: APMEX
The amount of the “above spot price” part makes up the cost for the design of the coin, the labor, the profit margin, etc. for the company selling it.
Gold “stackers” get really excited when they can buy a gold coin near spot price. This means they are getting a great deal and paying for only the metal itself with no premium.
Buying gold AT spot price?
THIS NEVER HAPPENS.
This is what live pricing or spot price looks like:
https://www.goldmoney.com/research/live-prices-and-charts
It is almost unheard of to buy gold “at spot”. That means, to literally just pay the current market price of the gold with no other fees.
If you want to see a gold stacker in a frenzy, just tell her you saw a deal to buy gold at spot.
Get ready for a frenzy!
You can send your stacker buddy this blog post.
Here’s how to buy gold at or below spot from Menē:
Use my invite link to sign up in 30 seconds for free for a Menē account : http://Mene.com/invite/JrT26p . You will get $5 in Menē credit.
Give your invite link to someone else. When they sign up you will get another $5 in Menē credit.
When they make a purchase (like buying mom a Menē 24karat gold ring) you both will earn $50 in Menē credit.
Now you have $60 in Menē credit. ( $5 for signing up + $5 for your friend signing up + $50 for their purchase)
Note that in this case, (not counting taxes + free shipping in the US) with getting only 1 sign up and purchase, you are paying just $1.55 over spot.
( $61.55 Menē fee - $60 in Menē credit)
Even 1 more sign up (another $5) through your referral link would take you below spot, even counting taxes.
So in this easy scenario you are buying gold for less than it is selling for on the open market.
Let’s understand that its not just a hunk of unrefined gold that you would be getting below spot, but this beauty:
Mom will be so proud!!
Speaking of mom, Mother’s Day is just 1 week away! Take advantage of Menē fast shipping :)
For $5 in Menē 24k investment jewelry credit sign up here in 30 seconds: http://Mene.com/invite/JrT26p
Thanks for reading everyone!
Goldmatters
Menē crafts 24 karat gold and platinum investment jewelry™ that is transparently sold by gram weight. By combining innovative technology with timeless design, Menē restores the ancient tradition of jewelry as a store of enduring value.
To find out more about what Menē 24 karat gold and platinum investment jewelry is from your fellow Steemians :
https://steemit.com/steemit/@goldmatters/what-in-the-world-is-mene24k-35-well-researched-blog-style-essays-contest-winners
Or
https://steemit.com/mene24k/@goldmatters/what-is-mene-24-karat-platinum-and-gold-jewelry-valentine-s-day-gift-winner
To find out more about what Goldmoney is from your fellow Steemians : https://steemit.com/contest/@goldmatters/what-in-the-world-s-goldmoney-winners
To sign up for a Goldmoney Holding start here: https://www.goldmoney.com/w/goldmatters
For Menē 24k investment jewelry here: http://Mene.com/invite/JrT26p
I am on a personal mission to spread the word about Goldmoney and Menē through any means necessary. Goldmoney allows individuals to empower themselves by protecting their savings by owning small or large amounts gold previously inaccessible to regular people like you and me.
All images sourced from Menē and Goldmoney.
Read more about Goldmoney: https://steemit.com/@goldmatters
Watch Steemians sing Band of Gold here: