Gold nuggets are very rare, they are not found in mines, but rather on the ground, or in streams or rivers. If you remember back to the San Francisco Gold Rush, it was started by James W. Marshall in 1848 at Sutter’s Mill in Coloma, California when he found a gold nugget.
Today, most gold nuggets that are for sale are found by prospectors out in the wilderness looking for them. One of the few places left on Earth that is known to still have a supply of gold nuggets is Australia.
As a form of investing, gold nuggets are not so bad, if you can purchase them for the right price. Overtime, they usually increase in value more than the gold contained within them does. A gold nugget that has 1 to 2 grams of gold within it, usually sells for around 10% more than the spot price of gold.
Nuggets with 3 to 5 grams of gold, sells for about 20% to 50% over the spot price of gold. Nuggets that have 6 t 7 grams of gold, sells for approximately 30% to 50% more than the spot price of gold.
Gold nuggets can be bought from private sellers at auctions, or on websites like eBay. They can also be obtained from gold nugget dealers that specialize in this service. Not all gold dealers do, but they will all tell you that they do if you ask. So, if you want to get your best deal, you really need to find a true gold nugget dealer.
Buying gold nuggets for an investment by a novice is really not a very good idea. More than likely, the people that you will be purchasing them from are highly specialized experts on the subject. They are fully aware of what the actual price should be, and you can expect to pay much more for it than it is worth.