During my time opening and servicing accounts for the clients of ITM Trading, I heard all types of preconceived notions about gold bullion, gold coins, and rare gold coins. I also learned that there were two types of gold bullion buyers; those that were highly skeptical of those that they did business with, and those that were more trusting. Some people would ask, “Why invest in gold?” and others would ask, “Why do business with ITM Trading?” As it turns out, the answers to both questions was quite similar. I would answer the with these words; “Gold bullion offers security and freedom from large investment or banking institutions and their ever-changing rules and policies. Gold is an honest form of currency that won’t cheat you, and you will always know where you stand with your gold coins and gold bullion. ITM Trading offers you a form of financial security, and a freedom from large investment and banking institutions and their ever-changing rules and policies. ITM Trading is an honest and completely up-front company that won’t cheat you, and you will always know where you stand with your gold coins, gold bullion, and rare gold coins that you purchase from ITM Trading. Quite often my answer was enough to warrant a continued conversation, and sometimes the conversation would lead to the most common myth I found surrounding gold bullion:

I Should Be Able To Buy An Ounce Of Gold Bullion For What The Market Says An Ounce Of Gold Costs
On it’s face, this statement would certainly seem to be true, however, like many larger purchases or investments you may make, there is always a little more to the story that ends up determining the final price. Just like when you buy a house or rent an apartment or buy a car, there are always costs that seem to add themselves on, like taxes, commissions, delivery fees, etc. Just like the prices that apartments, houses, and cars get advertised at, the price for an ounce of gold bullion that you see on the news or in the paper everyday are the rock bottom prices, and you cannot always get the rock bottom prices when you invest in gold, or buy gold bullion or gold coins.

Here Is How Gold Bullion Pricing Works
Let’s say for the sake of easy numbers that the Wall Street Journal reports that the price of gold has closed at $1000 an ounce, and you would like to buy one ounce of gold bullion. The price that the Wall Street Journal has posted for gold, is for one ounce of gold bullion, but it is the wholesale price for a large contract of un-mined gold set for future delivery. Very, very few companies can purchase at this price, and no individuals can purchase these gold bullion contracts at pure wholesale. These contracts are also usually for 1000 ounces or more, and the future delivery part means that the gold is still in the ground, and the contract will be fulfilled in a month or so. So, if you could purchase at wholesale, which you can’t, and if you could pay absolutely no commissions or taxes, which is highly unlikely, and if you could afford to purchase 1000 ounces (you wanted 1 ounce) and if you were willing to wait a month or longer (gold may go up or down while you are waiting for the goldmine to produce your gold bullion), then, perhaps you could conceive of paying the $1000 an ounce price. However, even if you could get all of these costs waived, you still have 1 ounce of raw gold which has not been minted into a gold coin or gold bullion bar, and your gold is still in another part of the country, so you have minting and shipping costs to contend with, and you probably want insurance on the gold bullion or gold coin being shipped to you.

ITM Trading And Your 1 Ounce Gold Bullion Bar
ITM Trading works closely with the largest gold bullion wholesalers in the country, because of this we can minimize most of the costs that you just learned about. Depending on supply and demand issues, and given that the price of gold is still $1000 per ounce, ITM Trading could sell a gold bullion bar for $1030 to $1040. Shipping and insurance costs would depend on how far away you live from ITM Trading, and will vary, but will generally be minimal and ITM Trading does not mark these costs up to generate a profit. As you can see, owning gold bullion and gold coins does cost a little more than what the paper or TV says, but not much. And, compared to trying to do it all by yourself, ITM Trading makes owning gold easy.