where to buy a budget bar: As gold prices surge again, here’s where to buy a budget bar starting around $224
As economic uncertainty continues, interest in precious metals is accelerating, even though prices have reached historical peaks.
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Why are gold prices increasing so fast?
Spot gold prices rose 8% last week, reaching a record high of $5,102 per ounce. Other precious metals follow a similar path. According to the New York Times, silver also rose on Monday, reaching a new record of $109.83.
For some buyers, gold remains attractive despite its rising cost. Ben Nadelstein, head of content at Monetary Metals, explained to CBS News that gold “is an asset with no counterparty risk and has remained valuable for more than 5,000 years,” making it an “attractive option” for those “seeking peace of mind in uncertain times.”
This long-standing reputation is leading many consumers to explore small, more affordable gold purchases instead of full ounces, according to a report by The US Sun.
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Can you still buy gold on a low budget?
As prices rise, purchasing large amounts of gold may seem unattainable. But shoppers can find smaller bars priced under $1,000, or even under $300, through well-known retailers.
Walmart is among the sellers offering a variety of gold bars from reputable brands such as PAMP Suisse and Sunshine Mint.
One popular option is the 2.5-gram 0.9999 Fine Gold Bar from PAMP Suisse, priced at $477.39. For those who want more weight, PAMP’s 10 gram bar is available for $1,890.39. According to a report by The US Sun, Walmart customers can also find a five-gram Sunshine Mint .9999 Fine Gold Bar for $894.82.
Where is the cheapest gold bar right now?
APMEX currently lists some of the most affordable options for buyers looking for the lowest entry point. Shoppers can find one-gram 0.9999 pure gold bars from PAMP Suisse for $227.60 and $223.32, according to a report by The US Sun.
Both products are available for pre-sale and are expected to ship on February 13; This is among the cheapest ways to own physical gold while prices are at record levels.
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FAQ
How high are gold prices right now?
Spot gold prices recently reached a record high of $5,102 per ounce.
What is the cheapest gold bar available?
One gram gold bars are currently listed on APMEX for as low as $223.32.
