We are a "full service" precious metals investing company meaning that we help you with all aspects of your precious metals purchase. Whether you purchase through an IRA, 401K, 457, other tax deferred account or with cash, we help you find a solution that meets your needs.
Precious Metals "Spot Price"
The spot gold price refers to the price at which gold may be bought and sold right now, as opposed to a date in the future. The spot price for gold is in a constant state of flux, and can be driven by many different factors. The spot gold price can refer to the current price of gold per ounce, gram or kilo.
The laws of supply and demand for gold, silver or other commodities may be seen in world markets. The gold market is in a constant state of price discovery. In fact, all commodities could be said to be in a constant state of price discovery. This price discovery occurs virtually around the clock. Gold and precious metals are traded on exchanges all over the world. These exchanges include New York’s COMEX, London, Hong Kong, Zurich, Australia and Shanghai. The New York COMEX exchange is perhaps the most well-recognized when it comes to gold trading. Spot gold prices are derived from futures contracts traded on the COMEX exchange.
Physical precious metals for delivery are sold at a premium over spot price.
United Gold Group sells a variety of precious metals including gold, silver, platinum and palladium both in coins or bars of various sizes. We attempt to maintain a net operating profit around 6% depending on many factors including, availability, demand, quantity, selection and denomination.
Our Buy-Back Policy
As a service to our customers only, we will buy back your precious metals at competitive market rates. On these transactions we will charge up to 5%. In addition we will trade your metal assets for other metals if you desire. Call us for more information on time frame and logistics for liquidations.
4 \ Risks
*All investments carry risks. A possible risk associated with precious metals is rising and falling prices, and if you sell, you may sell for more or less than what you paid. Performances from the past do not guarantee future performances and we cannot guarantee or promise future market performances. At United Gold Group, we are precious metals specialist, we are not licensed financial advisors and do not give financial advice. Individual should always consult with their investment, legal, or tax professionals for those services.
Notice to Customers
We will provide the following notice to customers that the firm is requesting information from them to
verify their identities, as required by federal law:
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, federal
law requires all financial institutions to obtain, verify, and record information that identifies
each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address,
date of birth and other information that will allow us to identify you. We may also ask to see
your driver’s license or other identifying documents.