What is a 2.5 ounce bar of Credit Suisse gold currently worth?

Question

This gold is 9999 pure. It is still sealed. It has the assayer cert. #.

Answer 1

Do you actually have the gold bar?  Normally gold is sold in certificates and not in the actual bar.  I really dont know the spot trade price.  The cbot futures price is about 894 per ounce for this month.  That is in US dollar.  I think you would get less then that if you just try an sell it.  If you have a bar, I would suggest putting it on ebay.  You might get more just so somebody can say they have it.  Gold has gone down lately.  Here is a site you can watch the futures and the price.  On the open market its sold in 100 ounces.  I really have no clue.  You wont get that price unless you have 100 ounces.

http://www.cbot.com/cbot/pub/page/0,3181...

It will prolly keep going down.  Its worth maybe around 2000 bucks.  But the point is normally its not traded that way.  So it will be worth less then the current market, or more if someobody wants to have this bar.

I really say go to ebay because thats the best way to get money on it.  You wont sell it on the open market.  The problem is when you say have 2.5 ounces of gold, its like trying to sell a gallon of oil when they are buying tankers.  To get the futures price of 894 you need a minimum of 100 ounces.  Its not enough so you need to sell private.  Its only worth what somebody will pay for it.  But you might be able to get more if you sell it spot.

Good Luck

Answer 2

$885.50 x 2.5 = $2213.75 (overseas market- current within 20 minutes per Bloomberg)

Gold closed today (in USA) at $881.60- it is up a few dollars since then...

Check it out at www.bloomberg.com for markets, select commodities and there is a list, with gold on it! For US close price, check out www.golddealer.com

Answer 3

This site http://www.cdnmetals.com has a good little gold calculator that will spit out todays price for you.

Answer 4

I advise you to check the Kitco site. I also advsie you not to sell it at the moment. Although the price of gold has dropped recently the future outlook is strong and the fundementals for futher price increases are still there. The Kitco site is quite easy to browse, it shows the spot price and the 24 hout gold price. You need to be aware the that price of one ounce of gold has jumped from about 300 dollars in 2001 to about 1000 dollars recenly, now it has dropped back to 883 dollars which means you would be selling in a low.