The Real Cost of Owning Gold

By Lewis Braham - 2012-09-27T20:30:53Z

Photograph by ATABOY/Getty Images

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Transporting Gold

Gold deliveries must be insured, with the cost varying by value, weight and destination. Shipping a 1 oz. gold bar from New York to California might cost from $30 to $50, says Kitco's Hug. If the shipment is worth more than $100,000, Kitco requires an armored truck and will deliver only to a bank or Brink's vault, not a home. That delivery costs more than $1,200.