Gold prices are climbing once more, setting fresh records and drawing renewed attention from everyday investors. With spot prices now soaring past the $5,000 mark, many consumers are weighing whether small gold purchases still make sense, and where to find options that don’t break the bank.
As economic uncertainty lingers, interest in precious metals is picking up speed, even as prices hit historic highs.
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Spot gold prices jumped 8% last week, reaching a record high of $5,102 an ounce. Other precious metals are following a similar path. Silver also surged, hitting a new record of $109.83 on Monday, according to the New York Times.
For some buyers, gold remains appealing 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 over 5,000 years,” making it an “attractive option” for those “looking for peace of mind in uncertain times.”
That long-standing reputation is prompting many consumers to explore small, more affordable gold purchases rather than full ounces, as per a report by The US Sun.
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With prices climbing, buying large amounts of gold can feel out of reach. However, shoppers can still find smaller bars priced under $1,000, and even under $300, through well-known retailers.
Walmart is among the sellers offering several gold bar options from reputable brands like PAMP Suisse and Sunshine Mint.
One popular choice is a 2.5-gram .9999 Fine Gold Bar from PAMP Suisse, priced at $477.39. For those wanting more weight, PAMP’s 10-gram bar is available for $1,890.39. Walmart shoppers can also find a five-gram Sunshine Mint .9999 Fine Gold Bar for $894.82, as per a report by The US Sun.
For buyers seeking the lowest entry point, APMEX currently lists some of the most affordable options. Shoppers can find one-gram .9999 fine gold bars from PAMP Suisse priced at $227.60 and $223.32, as per a report by The US Sun.
Both items are available on pre-sale and are expected to ship on February 13, making them among the cheapest ways to own physical gold while prices are at record levels.
ALSO READ: Quote of the Day by Fyodor Dostoyevsky: 'The mystery of human existence lies not in…'—Inspiring quotes by one of history's greatest novelists
Spot gold prices recently reached a record high of $5,102 an ounce.
What is the cheapest gold bar available?
One-gram gold bars are currently listed for as low as $223.32 through APMEX.
As economic uncertainty lingers, interest in precious metals is picking up speed, even as prices hit historic highs.
ALSO READ: Word of the Day: Petrichor
Why are gold prices rising so fast?
Spot gold prices jumped 8% last week, reaching a record high of $5,102 an ounce. Other precious metals are following a similar path. Silver also surged, hitting a new record of $109.83 on Monday, according to the New York Times.
For some buyers, gold remains appealing 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 over 5,000 years,” making it an “attractive option” for those “looking for peace of mind in uncertain times.”
That long-standing reputation is prompting many consumers to explore small, more affordable gold purchases rather than full ounces, as per a report by The US Sun.
ALSO READ: Word of the Day: Kafkaesque
Can you still buy gold on a budget?
With prices climbing, buying large amounts of gold can feel out of reach. However, shoppers can still find smaller bars priced under $1,000, and even under $300, through well-known retailers.
Walmart is among the sellers offering several gold bar options from reputable brands like PAMP Suisse and Sunshine Mint.
One popular choice is a 2.5-gram .9999 Fine Gold Bar from PAMP Suisse, priced at $477.39. For those wanting more weight, PAMP’s 10-gram bar is available for $1,890.39. Walmart shoppers can also find a five-gram Sunshine Mint .9999 Fine Gold Bar for $894.82, as per a report by The US Sun.
Where is the cheapest gold bar right now?
For buyers seeking the lowest entry point, APMEX currently lists some of the most affordable options. Shoppers can find one-gram .9999 fine gold bars from PAMP Suisse priced at $227.60 and $223.32, as per a report by The US Sun.
Both items are available on pre-sale and are expected to ship on February 13, making them among the cheapest ways to own physical gold while prices are at record levels.
ALSO READ: Quote of the Day by Fyodor Dostoyevsky: 'The mystery of human existence lies not in…'—Inspiring quotes by one of history's greatest novelists
FAQs
How high are gold prices right now?Spot gold prices recently reached a record high of $5,102 an ounce.
What is the cheapest gold bar available?
One-gram gold bars are currently listed for as low as $223.32 through APMEX.
