PAMP Suisse Gold/Silver vs Local NZ Gold/Silver: Which should I buy?

PAMP Suisse Gold/Silver vs Local NZ Gold/Silver: Which should I buy?

{fonttblf0fswissfcharset0 Helvetica;} {colortbl;red255green255blue255;}
paperw11900paperh16840margl1440margr1440vieww10800viewh8400viewkind0 pardtx566tx1133tx1700tx2267tx2834tx3401tx3968tx4535tx5102tx5669tx6236tx6803pardirnatural f0fs24 cf0 A short answer would be to say
that the local NZ refined gold and silver are bought by 89% of our clients. With PAMP
being the next most popular but a long way behind.
So does this make local NZ gold and silver
bars the better option? Our thoughts are ’96 it depends.
But before we get to why it depends, maybe
we should start by firstly outlining the differences between the products as then the pros and
cons for purchasing each will be more obvious.
Actually on second thoughts we should first say what they have in common.
PAMP Suisse Gold/Silver Bullion vs Local NZ Gold/Silver Bullion: What do they have in
For gold, both the PAMP Lady Fortuna 1oz bar and the local gold 1 oz bar are both 99.99%
pure ’96 four 9’92s in industry speak. For silver the PAMP 1kg bar and the local NZ silver
1kg bar are both 99.9% pure or three 9’92s. So both local gold/silver and PAMP gold/silver
contain the same amount of silver or gold in each unit.
Now, how are they different?
Compared to local NZ bars, PAMP gold and silver
bars have 3 major differences:
PAMP bars have an assay certificate and individual serial numbers
PAMP bars are manufactured in Switzerland and more easily recognised worldwide
PAMP bars cost more to buy per bar
A bit more detail on each of these 3 differences’85 1. PAMP bars have an assay certificate and
individual serial numbers
The PAMP gold and PAMP silver bars both come with an assay certificate from PAMP confirming
the purity along with an individual serial number on each bar.
Local silver and gold bars do not come with an assay certificate or individual serial
numbers. However local gold and silver bars/ingots are stamped with the suppliers ’93hallmark’94
and with either 9999 for gold (four 9’92s or 99.99% pure) or 999 for silver (three 9’92s
or 99.9% pure). Also, in terms of ensuring purity of the supplied product, the local
New Zealand suppliers we use regularly exchange metal with other companies locally and in
Australia and so when this happens the metal is assayed again. So if there was ever a problem
with purity they would be found out before very quickly. And as reputation is everything,
this would put them out of business. They are family owned and run businesses, conservative
by nature and have been around for 30-50 years, supplying precious metals to private investors
but also to Jewelers in NZ.
2. PAMP bars are manufactured in Switzerland and more easily recognised worldwide
PAMP Suisse gold and silver bars are manufactured
in Switzerland by Produits Artistiques de M’e9taux Pr’e9cieux (PAMP). PAMP has more
than half the world market for gold bullion bars weighing less than 50 gms and has gained
a reputation as one of the world’92s premier gold refiners and an instantly recognizable
and respected worldwide brand. So PAMP gold and silver bars are well recognised and easily
resold worldwide be it Europe, USA or even Asia, without the need to be assayed. While
not relevant from a logical perspective the PAMP Lady Fortuna Gold Bar is also probably
one of the most attractive bars we have seen, if not the most.
Local NZ gold and silver bars are well recognised
and readily bought and sold in New Zealand and Australia (and for one supplier in Thailand
as well). The suppliers will readily buy back the bars and they can also be bought and sold
on the likes of TradeMe. However they may not be so easily exchanged for cash in other
parts of the world without first requiring assaying. You may get slightly more when selling
the PAMP gold back to the supplier but it will still be under the spot price. So the
spread (the difference between the price to buy and the price to sell) will still be more
for PAMP than for local gold. Selling privately is a bit more hit and miss ’96 you may get
no more than a local NZ product ’96 it would just come down to the individual buyer.
3. PAMP bars cost more to buy per bar
PAMP gold bars cost another $45 per 1 oz bar
more and for silver bars, a further $50 per 1kg bar, This is on top of the percentage
mark up over the spot price of gold or silver.
As an example, at the time of writing if you
bought 50 ozs of PAMP gold, for the same money you’92d get a whole extra ounce of local
gold ’96 51 ozs. For silver the difference can be even more pronounced as when you buy
5kg’92s of silver or more the local price is even cheaper. Buying 75 kgs of PAMP amounts
to approximately $103,100. Spend the same amount on local NZ silver 1kg bars and you’92d
get a smidgen under 80kgs instead. Almost 5 kgs of silver more.
You can see and compare todays indicative
prices for each product on our products page.
So how do I decide between PAMP bullion bars
and local bullion bars?
The first and main question to ask yourself is when the time comes, where do you intend
to sell the gold or silver bullion?
If it’92s in New Zealand then the lower priced local gold and silver bars may be as good
an option for you as you’92ll get more gold or silver for you buck. And as we outlined
above, when you start buying many ozs of gold or kilos of silver the extra $45-50 per bar
can start to add up.
However if you believe you may wish to sell overseas then the more recognisable PAMP products
may be the better option. Of course when it comes to silver you’92ll have to consider
whether you would try and lug say 20 kilos of silver around the airports with you! Gold
is much more portable of course (one of the characteristics that makes it money) and so
a PAMP 1oz bar can make a great travel insurance product. At today’92s prices a bit over NZ$2000
that can be easily hidden on your person, in a pocket etc. Often a great gift for a
travelling son or daughter. An emergency back up they can’92t easily blow on beer in a
london pub but if necessary can turn into cash!
Just like anything else, individual circumstances
mean that the best option will differ from person to person and in the end you’92ll
have to make up your own mind.
Much like if you can’92t decide between gold and silver themself, if you’92re really unsure
then an option may be to have a ’93bob each way’94 and get a bit of both. Some local
gold or silver to get the best price and therefore the most physical metal possible, and some
PAMP products in case you relocate overseas. And if you travel, then especially consider
a few PAMP Lady Fortuna gold bars as some emergency money in case of theft or a lost
wallet or purse while overseas.}


  1. Yes you could say that it is really because of the PAMP "Brand". Because at the end of the day the gold/silver content is the same (99.99% gold and 99.9% silver). The same can be said of the likes of Canadian Maples and American Eagles. Again well known and recognised coins in these cases attract a "brand" premium. As like PAMP they are easily resold around the world.

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