Gold spot price is down as we end the week. It has been holding steady around the $1665 mark with a couple runs north and south over the course of the week. Now it’s down to below $1640 and it looks like it will close out the week around this price point. Physical gold buyers should be looking at buying at these lower prices if you have been trying to find a spot to jump in. I think it should trade fairly flat around here with some volatility next week. Many physical gold buyers have been looking for a dip like this one to get in, especially those that missed the below $1500 run back past the $165o where it has held pretty strong. I have also been keeping my open for Gold American Eagles which have sold out and are still sold out at lots of places. If your looking for the same, you can lock in the lower spot price at GoldSilver.com and they are estimating shipping in about two weeks time which isn’t that long. The other place that is well priced is Silvergoldbull.com which I also mention quite a bit, but they have no Gold American Eagles available at this time, just U.S. Mint 1 oz Gold Buffalos. Pricing between Goldsilver and Silvergoldbull are fairly close, but you can take advantage of the free shipping coupon being offered a Silvergoldbull coupons for some additional savings.
Here is an example, if your someone like myself looking to buy a little gold while the prices are down. I was looking at few 1 oz RCM gold bars. The price at Goldsilver.com is slightly cheaper at $1,486 compared to $1498 at silvergoldbull. Goldsilver requires a minimum purchase of 10 oz and they charge for shipping. Silvergoldbull lets you purchase as few as 1 oz and on a 5k order shipping is free or half price on $2499 which is only 2 oz. Overall it works out to be cheaper at Silver Gold Bull. Check them both out if your in the market for Gold or silver. I think we are in good territory with today price drop and I expect that by the end of the year we that we will see less volatility in gold prices with prices around $1500 – $1525 an ounce. That’s not a bad return from current spot price of $1438.