Cost of Bullion Bars
We believe we offer the cheapest gold bullion price in the world for the best quality in the world and this section helps our customers to calculate the purchase price of our bullion bars including refining and transportation costs. When you engage our free consultation services to buy bullion bars through gold and silver bullion sales .com, you can purchase with full confidence and receive a FREE silver coin just for quoting our AA number 1044 each time you place an order.
COST OF BULLION BARS – Calculation examples only :
The costs include the spot price of bullion (which fluctuates daily) plus a Refining premium and manufacturing cost (typically spot + 20%) plus transportation and storage charges for bullion.
How do you calculate the cost of Bullion purchases ?
EXAMPLE 1
For the purchase of a Silver Certificate 1,000 troy ounce bar
Multiply USD silver spot price per oz x 1000
Add Refinery baring fee (20 cents per ounce) = USD200.00
Add Transport to vault (11 cents per ounce) = USD110.00
CALCULATION :
Lets assume SILVER spot price per oz = $38.00
$38.00 USD x 1000 = $38,000 + $200 + $110 = $38,310 total
Therefore 1000 troy ounce bar = $38,310 USD
EXAMPLE 2
For the purchase of a Gold Certificate 1 Kilogram bar
Multiply USD gold spot price per oz x 32.148
[note : 1 kilogram is equal to 32.148 troy ounze. ]
Add Refinery baring fee (25 cents per ounce) = USD 8.05
Add Transport to vault (15 cents per ounce) = USD 4.82
CALCULATION :
Lets assume GOLD spot price per oz = $1700
$1700 USD x 32.148 = $54,651 + $8.05 + $4.82 = $54,663.87 total
Therefore 1 Kilo gold bar = $54,664 USD
EXAMPLE 3
For the purchase of a Gold Certificate 400 troy ounce bar
Multiply USD gold spot price per oz x 400
Add Refinery baring fee (25 cents per ounce) = USD 100.00
Add Transport to vault (15 cents per ounce) = USD 60.00
CALCULATION :
Lets assume gold spot price per oz = $1700
$1700 USD x 400 = $680,000 + (100x.25x400) + (60x.15x400)
= $680,000 + ($25x400) + ($9x400)
= $680,000 + ($10,000) + ($3600)
= $693,600 total
Therefore a 400 troy ounce bar = $693,600 USD
