My aunt gave me a $500 bullion bar, 1 troy oz. of copper.can I spend this? It‘s brand new she said. What‘s it‘s worth/value? If any.
you may purchase from an invaluable metals/bullion/coin broking. you are able to pay spot plus the broking's markup. once you're arranged to sell, you're taking it to a broking and get spot minus the broking's markup. paying for some one-ounce silver bullion is a huge investment good now for the reason which you may get the actual steel under the value to get it out of the floor. the only explanation why it is so is with the help of the fact the futures (spot) markets are printing paper silver and merchandising it into the industry (futures contracts bare shorting of metals they do no longer actual have). Given the rapid draw-downs of bullion inventories interior the final couple of months, experts are asserting they assume a COMEX / LBMA / CME default and a decoupling of the actual value from the spot value. you need to logically assume to work out silver to ramp as much as possibly $500 an oz what's popping out of the floor is 9 to a million in proportion to gold, however the pricing is at sixty six to a million with gold. actual inventories and mine production are way down, yet silver is getting used (and destroyed) in a extensive style of business purposes. Get it now at the same time as you are able to. additionally. useful metals are a thank you to maintain wealth in severe inflation.
No bullion bar has a dollar, or other unit of currency, denomination stamped into it. Only the weight and fineness of the bullion, and, perhaps, the maker. And, if it's an art bar, some kind of artistic design. So I have no idea what you're talking about re: $500. To top it off, one troy ounce of copper is not very much copper. Roughly 29 cents worth of copper. Art bars can have extra collector value, but no bullion bar has a face value like a coin does. It has trade value, which is different. That trade value will vary, depending on what the two parties to the trade decide it is. For example, if you went into a store to try to buy a stick of gum priced at 25 cents, had no money, and produced one Troy ounce of copper, and said, 'This here has 29 cents of copper.', not only would you not get four cents in change, you would probably get laughed out of the store. So you can't spend it. What you have is meant to be a small collector's item, not true bullion.
