Note; the price you see in the news is not the actual price of gold. It is the price of gold futures. To see the actual price of gold or gold bullion, you have to look at what dealers are charging. Another option in buying bullion is that, you can also get a very good idea from auction sites such which will show the current value people are placing on gold. Here you would not look at what people are asking but what people are paying.

The price of gold is ultimately driven by supply and demand, including hoarding and shedding. Unlike most other commodities, the hoarding and dis-hoarding plays a much bigger role in affecting the price, because almost all the gold ever mined still exists and is potentially able to come on to the market at the right price.

My recommendation will be at goldcoinsgain.com, the leading gold provider of bullion coins like the American Eagle, Australian Gold Nugget, American Buffalo or the Canadian Maple Leaf. These gold coins are usually trade closely to the gold price. Many people will feel that the hoarding of these coins are an hassle and we should go for gold accounts set up by banks instead. For the sake of your family’s future, I will advise keeping ten percent of your networth in physical gold.