Getting The Most Value in Gold Buying

The spot price of gold is the current price of an ounce of gold in the market. When you buy gold, there is an additional fee added by mints and dealers, which is called the premium. To get the best value, it's important to aim for a low premium per ounce. Experts suggest buying 1 ounce sovereign coins because they tend to have lower premiums compared to smaller increments or collectible coins. Smaller sizes and numismatic coins often come with higher premiums.

Watch more of this short video from How To Buy Gold and Silver: Everything You Need To Know with Adam Taggart.

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