Gold prices today for the week ending on March 6, 2009 were a mixed bag.  As you can see on the gold price chart below, the price of gold began the week at $939.47 per troy oz of gold.  On Monday the price of gold rallied to almost$960 until falling below $910 an ounce of gold.  By the end of the week, gold prices rebounded to where the price of gold was at the beginning of the week, $939 per troy oz.

Gold Price Chart 3-6-09

Zinc Prices, Silver Prices and Copper Prices

Like the price of gold all metals rebounded by the end of the week.  The price of oil was up $2 and the price of zinc, copper and silver all rallied by the end of the week.  While the price of gold rallied on Friday, there was not much volume in gold trading.

Platinum Prices Today

One of the more surprising metals this week was platinum.  The price of platinum rose about $1000 and in fact almost reached $1,100.  Many have predicted that the price of platinum would remain low because its demand is low right now in the auto industry.  However, the platinum market is much smaller than the gold market.  But, the price of platinum has a long way to go before reaching its high of $2,273 per ounce of platinum in March 2008.

That is it for the Gold Prices Today weekly gold report.  Next week we will provide another review of the week’s gold prices.

Pamp Suisse Gold Bars

Gold bars are the best way to buy gold bullion.  If you are looking to for a way to buy gold bullion, and not a gold coin that might have numismatic value, buying gold bars is very cost effective.  Why are gold bars so cost effective?  Well, first and foremost, you can buy them in larger sizes.  If you can afford to do so, buy 10 oz. gold bars.  The larger the gold bar, the more cost effective the purchase.  Why is that?  Well, it costs less per ounce to make and store a 10 ounce bar of gold than it does to make and store a 1 ounce bar of gold.

Some great places to buy gold bars online are the following places to buy gold bars online.  There are many place on the Internet to buy gold bullion, but you need to make sure that it is real gold.  You can’t afford to be scammed.

Here are some good places to buy gold bars online:

Apmex.com – Apmex sells a lot of different gold bar products and gold bullion coins.  The Pamp Suisse gold bars and Credit Suisse gold bars are a great option at Apmex.com.

Onlygold.com – Onlygold.com sells a lot of gold bars online.  One of my favorite gold bars sold online at Onlygold.com is the Pamp Suisse Kilogram 99.99% gold bars.  These pure gold bars are awesome gold bullion products.

GoldLine.com – Goldline does not sell gold bars, but it is a great place to buy gold bullion online.  Goldline specializes in selling gold bullion coins like the American Gold Eagles, Canadian Gold Maple Leaf Coins, and gold bullion Kruggerand coins.  Gold Line is the place to go to buy gold coins online.

I hope that this article has given you some ideas to buy gold bars online.  Buying gold bars online is the best way to buy gold bullion if you want physical gold.

Double Gold Eagle

Rare double gold eagle coins offer two types of investment potential.  The first is based off of the value of gold bullion.  The second is numismatic value.  Gold Double Eagle coins can be scarce in certain conditions.  By looking to buy Mint State Double Eagle gold coins, you have the luxory of knowing that the value of double eagle gold coins will never drop below the value of gold, but you get the extra luxory of owning an asset that might appreciate in value based on collector demand.

I really like Mint State Double Gold Eagle coins in the MS-61, MS-62 and MS-63 range.  These gold coins often trade at gold spot prices but if you hold them for the long term, demand for these coins could push the price of these Mint State coins much higher than the gold spot prices.  That is the beauty of these double gold eagle coins.

One thing for you to be aware of though is that many of these double gold eagle coins were produced in large numbers.  Therefore, you must be careful about the premium over gold prices today that you pay for these coins.  If you buy at a price a lot higher than the gold spot price, you might never recoup you initial investment.

Do you own Double Gold Eagle coins?  If so, leave a comment below.