Investing in gold coins protects your money in tough economic times
Investing in gold Coins is a very good idea in times of financial difficulty. When the world’s currency markets are struggling it has the natural effect of increasing the market value of gold and other precious metals. Gold is a limited resource, unlike currencies which can be minted in large quantities, which has the effect of devaluing the currency. With gold this can never happen. The limited supply ensures demand will always be high and that governments cannot simply make more gold in times of trouble.
As well as being worth the weight of the precious metal, investing in gold coins is also great because of the differing rarities of the coins available. Different patterns and designs are available which can make them very collectible and add value above the basic gold content depending on the rarity.
When investing in gold coins or completing any gold related transaction you should always be aware of the current price per ounce of 24 carat gold. Arming yourself with this knowledge will ensure that you are never taken advantage of by unscrupulous gold dealers. When investing in gold you should always look to make your purchase from reputable suppliers. You must of course allow for the vendor to cover their costs and make a reasonable profit after taxes so don’t expect to buy at the market rate. Although when investing in gold the price you pay should be reasonable and not massively above the current market gold price and vice versa for selling.
You should also be aware that the measure of gold weight differs from the usual weights. A troy ounce weighs more than a standard ounce. Where as a standard ounce is 16 to a pound a troy ounce is 12 to a pound.
There are many collectors who collect coins specifically. By investing in gold coins you are insuring your financial future because not only is your money protected by the gold value, it is also worth money as a rare and collectable coin. By buying an asset that is valued highly in two specific markets you are ensuring that you have a good quality investment that will hold its value over time.
Gold performs so well during tough economic times because investors are reluctant to keep their wealth in currency. All the worlds’ currencies are linked to each other. If one country worldwide was to fail to meet its debts or if a large bank failed, then this can have a domino effect that could wipe out an entire currency.
This may sound unrealistic to some but it has happened in the past, relatively recently in Germany. If currency is suddenly devalued or a bank fails then a wealthy investor can lose their fortune over night. By investing in gold investors protect their interests. If currencies were suddenly devalued, items such as precious metals, art and antiques will retain value.
Money only has value because of the faith placed in it. In reality it is paper, and numbers on a computer screen. There is nothing rare about it. Gold has a real intrinsic value which makes it the number one natural currency.
Many of the world’s biggest banks have been bailed out by governments recently. If they were to fail again the governments would not be so quick to help as they are already in large amounts of debt themselves. If this were to happen many investors would have their wealth wiped out. The investors who spread their risk by investing in gold will still have considerable wealth.
This principal does not only apply to the super wealthy. Anyone with a small amount of savings will benefit from investing in gold. Even on a smaller scale all the principles that make gold investment a good idea are relevant. If you have a small amount of money to invest many banks provide very poor interest rates. Some savings account provide as little as 0.1 percent interest rates. Gold prices have increased way above this over the last few years and many analysts agree that it has not peaked yet.
Gold should remain an excellent invest right until market confidence is restored in currency. If you look at recent events it is obvious that it will be several more years before this happens. Many European countries are in financial difficulties, some very seriously. The US has recently had its credit rating downgraded and the UK recently announced plans to mint over £100bn. These factors all make investing in gold coins a very good idea.
-Sam
P.S. – Start investing in gold today! You wont regret it.
A guide to investing in gold bullion
Investing in gold bullion can help preserve your wealth in times of financial turmoil.
There are several key things you need to consider to really get the best out of investing in gold.
First of all do not invest in gold on the stock market. When you invest in gold on the stock market you are investing in the performance of a gold fund. If the gold price rises most of the profit will be taken by the fund. If things go wrong you could be left empty handed. You need to ensure you actually have the precious metal in your hand otherwise all you have is the promise to be paid. This is the same of any precious metal. To maximise the profitability of investing in gold you need the actual precious metal bullion delivered to you.
Always know the current correct gold price when investing in gold bullion. You need to allow the vendor a fair amount of profit and to be able to pay taxes and overheads. Really shop around because gold is gold and provided it’s 24ct gold it’s worth the same from one vendor as it is from another no matter what form it’s in. Know the correct weights of gold. Do not be fooled by buying a normal ounce for the same price as a troy ounce. A troy ounce is 12 to the pound where as a normal ounce is 16 to the pound. Make sure when buying you are getting a troy ounce.
Know the carat of the gold you are buying and selling. Gold price is done in 24ct solid gold which is in it’s 99.99% pure form. If you have 18ct gold then it should be marked 0.750 which means it is 75% pure so obviously you should expect 75% of the weight price of 24ct gold. Learn to recognise hallmarks and be aware that some places will offer a discounted price for un-hallmarked gold. For example in the UK, the country’s gold exchanges require the gold to be hallmarked to be scrapped for the best price. Hallmarking can be done for a very low price but will require registration beforehand. In the USA hallmarking is not always required but buyers and sellers may charge a fee for gold testing.
Be aware that you do not just have to buy bullion when investing in gold but you can also buy scrap gold at auctions. These are items crafted in gold which often sell for under their gold value. If you browse auction catalogues and see a solid gold item for sale then it’s a good idea to contact the auction house, confirm the carat and weight of the gold, factor in the auction commission and see if you can turn a profit. This has the added bonus that you may be able to pick up an item which is worth a lot more than it’s gold value. For example solid gold wristwatches are often worth far more than their gold price particularly if they are a luxury brand, even broken. Be aware that when selling these items cash for gold shops will often buy these items from you for less than their gold value and sell them elsewhere earning them a very lucrative profit. When investing in gold you need to know the actual price of items you are selling and not just their gold value.
Finally, you can have all the best advice in the world to make sure your Investing in gold bullion is done wisely but it will not help if you can not sell it for a fair price. Cash for gold shops are good for quick cash but they are just middlemen who will buy your gold and take it to a gold exchange to be melted down. There’s absolutely no reason why you can’t take the gold to an exchange yourself unless travel to a genuine gold exchange is cost prohibitive. You may have to pay a registration fee and testing fee and you will not get the money until your gold is melted down but the commission at a genuine gold exchange is much smaller than at a cash for gold shop which means investing in gold will be more lucrative for you. In addition to these places you could try selling the gold yourself for it’s true gold value online via auction sites or even your own website.
In the end guys investing in gold is an amazing long term plan and will give you and your family a security blanket from the world economies.
-Sam
P.S. – If you are interested in investing in gold, make sure you bookmark this site because I will be revealing my personal gold supplier in the next few weeks
Investing in gold – Make money not mistakes
Investing in gold isn’t a new trend but that doesn’t mean it isn’t possible to start now. Precious metals always seem to hold their value no matter how the market is fairing. Gold is one of those metals that will always be around, and it will always be needed. Gold prices are determined by demand, and of course speculation. Since it is always in demand the price is sure to be high, and as an investment it is considered to be rather safe. However, as with any market, no investment is 100% safe, though it is one of the safest.
Investing in gold can be accomplished a few different ways. You can physically buy gold, buy into future trading, buy mutual funds that invest into gold, or you may choose the riskier option of buying into companies whose core business is gold. You will have to determine how you would like to invest prior to starting. With the exception of outright buying gold, the remaining ways will require funded trading accounts, and if you do not already have one you will need to start one before you can buy.
Buying gold outright is great for those just getting started, or with little upfront money for investing. It is also great as a side collection as most of this gold will be in coin currency, though bars are also available too. If choosing coins you will want to make sure you are buying from a reputable source, and even then make sure you have your coins tested by a third party to ensure they are authentic. Counterfeit coins has become a growing trend that is catching unsuspecting investors by surprise. Ask your dealer if they have any guarantees prior to purchasing, just in case they sell you a counterfeit coin.
If you are purchasing gold bars, also known as bullion, your first stop should be the local bank. If your local bank does not sell bars, your next step should be finding a reputable bullion dealer. Just like with coins, you will want to make sure you are getting the real deal, and should have all purchases tested by an independent third party. Large bars of bullion are among the most counterfeit, though this does not mean they all are. Ask your seller if they have any type of guarantees prior to purchasing so that you may recoup your money if a bar does indeed turn out to be a fake.
Another way is to buy E-Gold, or digital gold currency. You actually buy the gold itself however, these companies do not fall under bank regulations so you are buying at your own risk. The exception to this is Bullion Vault and Gold Money who have a known reputation for being honest, and self regulate with the utmost scrutiny. They account for every single gold bar bought, or sold.
If you are looking to use the stock market to purchase your gold you will need to find a broker that deals in gold. There are some online brokers that deal with nothing but precious metals, or there are larger brokerage firms too. You will have to do some research to determine the best one for you, as some investors will like one, while others might choose another. Most of this is determined by the ease of use, or the companies’ software itself. Another factor that might come into play is your general knowledge of how the stock markets work, and the different types of trading involved.
You can trade a few different ways with the stock market. The most common is by trading the gold exchange traded funds, also known as ETFs, on the NYSE, or the LSE. You purchase them through stockbrokers and are good investment for short term sales as they are penalized with a small administration fee. This makes it a great market for day traders and hedge funds.
Buying gold stocks is considered to be very risky. Keep in mind this is not the purchase of gold itself, but the purchase of shares in mining companies. Just because gold is rising doesn’t always mean that the price of a gold mining company will. There are other factors at play with a company itself other than just gold. They have overhead, unions, geologists, local economy and even environmental risks, to name a few, that can all affect the price of the company. You should consider this to be of the utmost highest risk, however this can mean some very large returns, if you’re lucky.
Investing in gold isn’t just for the rich. You can start small, and work your way up, or you may invest into all the different areas of gold. Take small steps, and start however you are financially able, and watch your investment grow. Whether you are looking to start a retirement fund, looking to stretch your retirement, or just like to gamble, gold is one of the safest investments to start with.
Welcome to investing in gold Dot Com
Hey welcome to my website all about investing in gold! In the near future I am going to be posting a ton of great information including tips, tricks, and behind the scenes secrets to investing in gold.
Here is to your prosperity,
-Sam