Gold Price And Valuation
A lot of people wonder “Why is the price of gold high and how is the value determined?” This short YouTube video answers this and other interesting investment questions. It’s an expert interview by Exponential Growth Strategist Dr Marc Dussault and Peter August, CEO of The Australian Bullion Company.
VIDEO TRANSCRIPT: GOLD PRICE AND VALUATION
Hi, I’m Dr Marc Dussault and as you can see its November, it’s 2009 and I’m here with Peter August, Managing Director of the Australian Bullion Company. And I wanted us to take some time today to explain something that for you is self-evident but for other people out there who are considering gold as an investment what they might not know is that these are actually gold bars and we have 105 ounces of gold right here, which by the way in today’s price is worth how much?
Over 120 thousand.
Over $120,000, so it’s a great compact way to invest. Now one of the things that we’ve all done as a kid, and Peter you remember your days back when you were a child and you started investing in coins and collecting coins.
Yes.
There’s this thing called the numismatic value of coins.
Sure.
Can you explain what that really big word is for people.
Yeah, absolutely.
Cause I have a coin here, and I have another coin here; so what’s the difference between this one and that one, other than the size?
Sure. Okay; this particular coin Marc is a 1 ounce gold coin.
Okay.
It’s 4 nines pure so that’s 99.99% pure, and it is bought and sold on it’s intrinsic gold value.
Yeah. So you’re buying it because it’s 1 ounce?
That’s correct.
Okay.
Now this…
And this by the way is a 1 ounce gold bar.
That’s correct. Read more…