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Is gold cheaper when you buy more of it?

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If you plan on investing in gold, the amount you buy could have a big impact on the price you pay.

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Gold has been a prized investment asset throughout history. And today, it’s an asset that’s known for adding safety and stability to portfolios — due, in large part, to how gold protects against inflation and uncertain economic and market conditions.

As an investor, it’s important to try and purchase your assets at the lowest price possible. After all, the lower the price is when you buy, the more you stand to profit when you sell it. 

But what does that mean for gold? You may have heard it’s not wise to try to time the market, so is there any other way to pay less for your gold investments? Well, the amount of gold you buy could make a difference in the price you pay

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Is gold cheaper when you buy more of it?

Gold is typically cheaper by the ounce when you buy more of it. Gold dealers usually set their prices based on the current market price, also known as the spot price, along with a dealer markup. And, since dealers generally want you to purchase higher quantities of gold, they’ll often reduce their per-ounce dealer fees when you buy more of the precious metal. 

For example, the cheapest 1-ounce gold bar at JM Bullion currently costs $2,118.64. However, if you purchase between 10 and 24 of these 1-ounce gold bars, you’ll pay $2,113.64 per ounce. If you purchase 25 or more, the price drops to $2,108.64 per ounce. 

So, if you purchase 25 1-ounce gold bars from JM Bullion, you would save $10 per ounce, for a total savings of $250. But the savings are likely to differ from one dealer to the next, so be sure to compare your options. 

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Why you should add gold to your portfolio

There are several reasons to consider adding gold to your investment portfolio, including: 

Protection against uncertainty and inflation

“Gold is often considered to be a solid choice in times of financial and economic uncertainty due to the physical underlying asset that it’s tied to — itself,” says John Jones, investment advisor representative at Heritage Financial. “It is difficult to become worthless and subject to inflation whenever there is a physical tangible asset backing itself.”

Peter J. Klein, CFA, CRPS, CAP, CSRIC, CIO and founder at ALINE Wealth, says that’s important considering today’s inflationary pressures

“Gold is often seen as a hedge against inflation,” says Klein. “As inflation devalues currency, gold retains its value, making it a potential safeguard against inflationary pressures, which are on the rise.”

Gold is a dollar alternative

“It is important to understand that gold is a dollar alternative,” says Jones. “We are almost in the realm between physical assets and forex whenever we consider gold. Interestingly enough, gold has always been used as a dollar alternative in uncertain economic times.”

Gold is a compelling diversification tool

“Gold can very interestingly be paired with other investments such as the DOW and provides portfolio divergence amongst investing. The GLD has a 0.06 correlation for the DOW, which can make it attractive as a portfolio differentiator for some and level out the volatility,” says Jones.

Klein agrees.

“Gold is an alternative asset class that moves differently from traditional stocks and bonds,” Klein says. “This lack of correlation can offer portfolio diversification, smoothing out investment returns.” 

How much of your portfolio should you allocate to gold?

Many experts suggest that investors allocate up to 10% of their assets to gold. Still, the amount of the precious metal that fits well in your portfolio is unique to you. Consider the correlation between gold and the other assets in your portfolio and how the precious metal might help or hinder your ability to achieve your investment goals. 

Also, keep in mind that gold is a safe-haven investment. So, if you’re a risk-averse investor, it could make sense to allocate more of your portfolio to the precious metal than an investor with a hefty appetite for risk. 

The bottom line

Gold is typically cheaper when you buy more of it because high quantities often lead to lower per-ounce dealer fees. However, it’s important to also consider your portfolio and your investment goals as you determine how much gold to buy. 

After all, you’ll want to carefully balance your allocation to safe havens like gold with your allocation to potentially higher-return assets like stocks. Nonetheless, gold has a place in many people’s portfolios. So, if you haven’t purchased any yet, this may be a good time to do so. 



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Malaysia agrees to launch new search for MH370 plane, which vanished a decade ago with 239 people on board

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Malaysia announced on Friday it has agreed to launch a new search for Malaysia Airlines flight MH370, which disappeared 10 years ago in one of aviation’s greatest enduring mysteries.

The Boeing 777 carrying 239 people disappeared from radar screens on March 8, 2014 while en route from Kuala Lumpur to Beijing.

Despite the largest search in aviation history, the plane has never been found. Malaysia’s prime minister said 17 days after the plane disappeared that, based on the satellite data, his government had concluded that the plane crashed down in a remote corner of the Indian Ocean, and that there were no survivors.

Transport Minister Anthony Loke said Malaysia had agreed to a new search operation by maritime exploration firm Ocean Infinity, which also carried out an unsuccessful hunt in 2018.

The company’s first efforts followed a massive Australia-led search for the aircraft that lasted three years before it was suspended in January 2017.

Loke said a new 5,800 square mile area of the southern Indian Ocean would be scoured by Ocean Infinity, which is based in the United Kingdom and United States.

“The new search area proposed by Ocean Infinity is based on the latest information and data analysis conducted by experts and researchers,” Loke said.

“The proposal for a search operation by Ocean Infinity is a solid one and deserves to be considered,” he told reporters.

The government said it agreed to Ocean Infinity’s proposal “in principle” on December 13, with the transport ministry expected to finalize terms by early 2025.

The new search will resume “as soon as the contract is finalized and signed by both parties”, Loke said.

“They have informed us that the ideal time for the search in the designated waters is between January and April. We are working to finalise the agreement as quickly as possible,” he added.      

“I truly hope there will be an end to the loss of MH370. May all questions be answered,” Malaysian Rosila Abu Samah, 60, the stepmother of one of the passengers, told AFP.

Day Of Remembrance For MH370
Visitors write messages at a Day of Remembrance for MH370 memorial service in Petaling Jaya, Malaysia, March 3, 2024.

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Malaysian Shim Kok Chau, 49, whose wife was a flight attendant on the ill-fated flight, said he had come to accept her fate but hopes to know what happened to the plane, “why it happened and who did it.”

Among the other victims was a celebrated group of 24 Chinese calligraphy artists coming from an exhibition of their work. Two young Iranian men on the plane, 18-year-old Pouria Nour Mohammad Mehrdad and 29-year-old Delavar Seyed Mohammadreza, were traveling on stolen passports to seek better lives in Europe.

Two of the U.S. citizens on the plane were young children, Nicole Meng, 4, and 2-year-old Yan Zhang.

Philip Wood was the only American adult on the flight. The IBM executive had been living in Beijing and was planning to relocate to the Malaysian capital with his girlfriend, Sarah Bajc.  

“No find, no fee”

The new search will be on the same “no find, no fee” principle as Ocean Infinity’s previous search, with the government only paying out if they find the aircraft.

The contract is for 18 months and Malaysia will pay $70 million to the company if the plane is found, Loke said.

He said the decision to agree to a fresh search “reflects the Malaysian government’s commitment to continuing the search operation and providing closure to the families of the MH370 victims.”

The original Australia-led search covered 120,000 square kilometers in the Indian Ocean but found hardly any trace of the plane, with only some pieces of debris picked up.

In July 2015, an airplane fragment later confirmed to be a flaperon from MH370 was found washed ashore on the western Indian Ocean island of Reunion. It was the first hard evidence that the plane had gone down in the area. More debris was later found washed up on the coast of eastern Africa.

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A policeman and a gendarme stand next to a piece of debris from an unidentified aircraft found in the coastal area of Saint-Andre de la Reunion, in the east of the French Indian Ocean island of La Reunion, on July 29, 2015. 

YANNICK PITOU/AFP/Getty Images


The plane’s disappearance has long been the subject of theories — including that veteran pilot Zaharie Ahmad Shah had gone rogue.

A final report into the tragedy released in 2018 pointed to failings by air traffic control and said the course of the plane was changed manually.

Asked if he was confident the plane will be found during the new search, Loke said: “At this point, no one can provide guarantees.

“It has been over 10 years, and it would be unfair to expect a concrete commitment. However, under the terms and conditions, any discovery must be credible. It cannot just be a few fragments; there are specific criteria outlined in the contract.”



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News details emerge about Utah mother, 3 young children killed at their home

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A Utah mother who police believe was shot and killed by her husband along with three of their children was a refugee who fled violence in Myanmar and dreamed of thriving with her family in the U.S., relatives said Thursday.

Police believe the husband killed his family before shooting himself, and a teenage son was badly wounded.

The bodies of Bu Meh, 38, along with her daughters Kristina Ree, 8, and Nyay Meh, 2, and son Boe Reh, 11, were found in their home in West Valley City, a Salt Lake City suburb, on Tuesday. A handgun was found under the father Dae Reh, 42, leading police to believe this was a murder-suicide, but no evidence of a motive has been released.

One child, 17-year-old Sha Reh, survived being shot in the head and is hospitalized with a severe brain injury, police said.

Bu Meh, a member of Myanmar’s Karenni ethnic minority, fled what her relatives described as ethnic cleansing in the Southeast Asian nation about 10 years ago. She and her small family lived for a time in a refugee camp in Thailand, then came to the United States “with little more than the clothing on their backs,” the family said in a statement.

She taught herself English, learned new skills and worked hard to support her growing family, achieving a way of life “far beyond the nightmare of her former country or the refugee camp,” the family said.

“For reasons that we cannot comprehend, her husband robbed her and their children of that security and their very lives,” her family said.

Police believe the shooting happened over the weekend.

Police initially went to the home Monday night after a relative asked them to check on the family but did not find any sign of an emergency that would allow them to enter the home. The relative went to the home Tuesday, saw Sha Reh wounded in the garage and called police, who found the bodies inside the home.

In their statement, relatives called Sha Reh their hero and said he faces a “long and complex road to recovery.” An online fundraiser is collecting donations to pay for his care and to help him go to college.

“After moving into their own home and finally enjoying a level of prosperity far beyond the nightmare of their former country or the refugee camp in Thailand in which they lived for a season, and for reasons that we cannot comprehend,” the family wrote, “her husband robbed her and their children of that security and their very lives.”

Neighbors hadn’t reported any gunshots in the area over the weekend, police spokesperson Roxeanne Vainuku said at a news conference Wednesday. The family had no previous reports of domestic violence or other disturbances.

One neighbor spoke to CBS affiliate KUTV about the shock they felt.

“How can a father shoot his children?” neighbor Mike Webster told the station. “I just can’t grasp for that concept at all. I can just see that poor little two-year-old looking at her daddy.”

This Utah case is the 38th mass killing in the United States this year. At least 165 people have died this year in U.S. mass killings, which are defined by the FBI as cases in which four or more people die within a 24-hour period, not including the killer.

Mark Barden, whose child was killed in the 2012 Sandy Hook school shooting, urged Utah lawmakers to pass Red Flag laws after the incident in Utah, KUTV reported.

“When it is recognized that an individual is in crisis, measures to safely and temporarily remove firearms from their possession are proven to save lives,” Barden said.





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Two journalists killed in northern Syria

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A journalists’ association says two journalists working for Kurdish media outlets were killed in northern Syria while covering fighting between Turkish-backed fighters and Syrian Kurdish militia.

The Turkey-based Dicle-Firat Journalists Association said Friday that Nazim Dastan and Cihan Bilgin were killed Thursday when their vehicle was reportedly targeted by a Turkish drone on a road near the Tishrin Dam.

Tishrin Dam, located some 56 miles east of Aleppo, has been the scene of clashes between the U.S.-backed Syrian Democratic Forces, SDF, and the Turkey-backed opposition forces.


Former U.S. ambassador to Turkey says Trump is exaggerating the country’s influence on Syria

04:34

There was no immediate comment from Turkish officials.

Bianet, a news website dedicated to human rights issues, said Bilgin was a reporter for the Kurdish Hawar News Agency, while Dastan worked as a freelance journalist for the Firat News Agency, which is associated with the militant group, the Kurdistan Workers’ Party (PKK).

Turkey considers the SDF a terrorist organization because its main component is a group aligned to the PKK.

The group has been engaged in an armed struggle against the Turkish state since the 1980s in pursuit of its objective of securing autonomy for Kurds in the country.



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