How Much Is A Gold Brick Worth Really? (2022)

May 1, 2022

How Much Is A Gold Brick Worth

Hello and welcome to my article entitled 'How Much Is A Gold Brick Worth Really?'.

Gold, among all the precious metals available in the industry, is the most popular and go-to investment asset for willing clients. In this article, we are shedding light to to this valuable asset.

Let us get this article started. You might be find yourself willing to invest in gold after this good read so buckle up!

Value of Gold

Be it in jewelries, coins, or bars, the moment you see that a certain store or shop displays something that is made up of gold, your eyes would seemingly be attracted to it in an instant.

The value it holds is one thing, its corresponding price, another. It is a known fact that gold products and assets have price tags that would constitute of thousands or even millions of worth of money.

Additionally, rookie investors and potential buyers alike would really like to know the answer to the question, "How much is a gold brick worth?" 

What is a Gold Brick (Bar)?

Gold bars, often known as bullions, are precious metals that fluctuate in value on a daily basis. Gold bars are used by investors as a means of storing money or hedging against inflation and other risks.

Additionally, gold bars are appealing to the eye of investors as it is generally invincible when unfortunate national economical problems do occur. Also, they can be easily used for IRA investment purposes.

Gold bricks come in different sizes as you can see below:

  • 1 ounce
  • 10 ounces
  • 1 gram
  • 10 grams
  • 100 grams

Each of these sizes (weights) come with their own benefit and advantages. Smaller weight of gold bricks will be more able to be resold meanwhile larger weights will include bigger discounts.

You can visit Augusta Precious Metals for a comprehensive list and type of precious metals you can include in your collection or in your individual retirement accounts.

With these things in mind, there are some factors that are needed to ascertain the value of certain gold brick. Listed below are the things needed to determine how much economic worth a certain gold brick holds.

Normal Value of Gold Bricks

A gold brick of 400 ounces will usually be priced at $750,000 to $800,000. This is just a standard price but do keep in mind that these prices will vary.

Factors affecting the worth of these gold bricks will always be accounted. As such, the next section below will tackle these unique circumstances that may or may not increase the value of gold bricks.

Factor Affecting Economical Worth

1. Purity and Weight

 Gold bricks' value will be heavily affected by their weight and purity. Most companies and buyers would require a certification to validate the authenticity and grade value of gold bricks.

Gold bricks are usually either 0.999 or 0.9999 pure, but some brands are 0.995 pure. If you come across a gold brick with a purity that isn't close to these percentages, it's probably not real gold.

As a word of warning, do keep in mind that alloy metals like bronze and copper have a gold-like look. In order to have an inkling of these scams, I suggest reading this article.

To be clear, gold bricks do not have the same weight. They may look alike, yet their weight might vary anywhere from a gram to a kilogram. This is also something to think about while pricing gold bricks.

2. Spot Price

Spot price is defined as the price of gold brick that happens once the market opens and closes. The present of price of the gold brick will be its current price, naturally.

Moreover, spot prices is directly reliant on the the value of gold, with respect to its purity, to its troy ounce. You must be wary of these changes that can happen in an interval of at least a day.

3. Included Percentages

It goes without saying that buyers and companies would want profit from being able to sell any amount of gold weight from their hands. And naturally, this will come of as percentages.

This is called as 'premium', an added computation which is added to the melt value (which we will explain next), based on a multitude of factors. 

4. Melt Value

The melt value of gold bricks will be based upon a unique computation. A brick's weight (troy ounces) must be multiplied with its purity. The resulting value is the total pure gold weight.

Next, this pure weight will be multiplied to the spot price in order to obtain its melt value.

5. Others

Other sellers implore conditions regarding the brand or company wherein these gold bricks came from, their value versus their coin counterparts, and the market timing.

Final Words

Gold is a wonderful investment to add to your portfolio, whether you're a seasoned investor or a novice. This is due to the fact that gold's intrinsic worth is unaffected by short-term market volatility.

However, a good investor will take note of the variables needed to be accounted for when it comes to buying gold bricks. These will heavily affect the outcome of this type of investment.

As the bottom line, gold bricks have their own unique values depending on how the trends of several things go about their way. It is best to check these things first before acquiring a gold asset.

Augusta Precious Metals, a seasoned and reputable precious metals dealers, can offer you a very diverse selection of gold and their accompanying fees and benefit. Do pay them a visit!

Thank you very much for reading this 'How Much Is A Gold Brick Worth Really?' article. Any comments and suggestions are deeply appreciated. Do leave them in the section below

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