What Is The Difference Between Bullion Gold and Certified Gold?
Certified Gold
Certified gold is gold that is issued or minted by an entity, such as the U.S. Mint, to grade and certify gold purity. The certification process will include an analysis of the gold for weight and purity, meaning its gold ore composition. The process is not complicated, but must be completed by a licensed certified gold appraiser. The benefit to certified gold, the key difference between regular bullion gold and certified gold, is that the question of gold content is eliminated. Unlike a bar of bullion gold of unknown origins, certified gold will be stamped and be accompanied by letter of certification stating in no uncertain terms the gold content and weight. The only thing certified gold leaves to question is the gold’s actual value, meaning its worth if sold for currency. This amount cannot be certified as the price per troy ounce of gold is constantly changing. Twice daily, the United Kingdom based London Gold Fix assesses the price of gold per troy ounce. This price is based on pure gold ounce, meaning 99.999% gold ore content purity. The price set by the London gold fix is determined solely by market demand, based on what people are willing to pay and also willing to sell gold for in any given day. The price per gold troy ounce can change anywhere from a few cents to 50 cents or more in a given trading day.
Bullion Gold
Bullion gold, the gold bars, biscuits, or coins, which are not certified gold are still a good investment tool. Gold has value the world over and typically increases as time goes on and world supplies of gold ore dwindle. The fact that gold bullion is not certified gold is not much of a cause for concern. It simply means the gold bullion in question has not been processed by a licensed gold certifier. It’s still gold bullion, and most likely has significant value in the gold marketplace. To certify bullion gold, simply bring it to a gold certifier and complete the analysis of its weight and gold ore purity.
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