The gold bars sitting in Fort Knox are 400 ounces each…..the current price of gold is $1,545.72 an ounce…..that times 400 is $618,288. Wish I would have invested in gold several years ago….I’d be a rich woman.
The most common Gold Bullion Bar is called The London Good Delivery Bar which weighs 12.5kg. On the retail market $1,536.19 per oz or $49,383.55 per kg. So doing the math the 12.5kg bar would be worth $617,294.38.
However, there is a wholesale market where a buyer can get gold for less money, which I have access to, but there is a volume commitment. That price is in the area of $28,000 per kg or $350,000 per bar. Great deal!
If you have this one bar, but it for $350,000 and sell if for $617,294.38 that is a tidy $267,294.38 profit!
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About US$1500 per troy ounce
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one ouce is somewere around $1532
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The gold bars sitting in Fort Knox are 400 ounces each…..the current price of gold is $1,545.72 an ounce…..that times 400 is $618,288. Wish I would have invested in gold several years ago….I’d be a rich woman.
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The most common Gold Bullion Bar is called The London Good Delivery Bar which weighs 12.5kg. On the retail market $1,536.19 per oz or $49,383.55 per kg. So doing the math the 12.5kg bar would be worth $617,294.38.
However, there is a wholesale market where a buyer can get gold for less money, which I have access to, but there is a volume commitment. That price is in the area of $28,000 per kg or $350,000 per bar. Great deal!
If you have this one bar, but it for $350,000 and sell if for $617,294.38 that is a tidy $267,294.38 profit!