Even though "buy gold coins!" is not the cry you will hear from an investment advisor or your accountant perhaps it is, never the less, a good strategy to follow.
Gold coins continue to maintain their value regardless of the economic climate and even improve their value over the long term.
Some gold coins have a value over and above the value of the gold content due to the coins rarity.
When you are buying gold coins these are the things to look for:
Type of coin - Eagle, Sovereign etc.
Size of coin - These can vary also. Sometimes measured in value and sometimes in weight.
Face Value - 1 dollar or five dollar or even 10 dollar (for US or Canadian coins) for example.
Weight - Usually measured in troy ounces or part of an ounce but grams have also become a popular weight measurement recently.
Fineness - (999% fine) Amount of gold compared to other metals, such as silver. Gold bars are usually measured as 999 parts per 1000. Most gold coins are usually 917 parts per 1000. Other metal is added to make them easier to mint. Most gold coin producing mints and nations now produce 99.9 percent pure gold coins.
Gold Content in Grams - The weight of the gold contained within a gold coin measured in grams.
Gold Content in troy Ounces - The weight of the gold contained within a gold coin measured in ounces.
Price - How much you would be expected to pay for the gold coin advertised. This would include any margin added by the seller and any tax that might be applicable.
The above information should be clearly displayed along with, ideally, a picture of the coin. Sometimes the date it was minted and the condition is included also if it not a mint coin (new, never been used, Mint Issue). Proof coins should also have a certificate authenticating their condition.
Some old coins can have a value far beyond the face value or gold value. Rarity, limited issue and aesthetic appeal can add value to a coin. Such coins are worth keeping as they will only continue to increase in value over the years.
Browsing the coins available will give you a good understanding of what coins to collect and how much to pay for them.
To invest in gold coins is a fascinating and often financially rewarding activity for any coin collector!
Friday, 12 November 2010
Investing in Gold
Investing in gold usually means long term investing for five to ten years or more. The chart below shows Gold priced in US Dollars from 1973 to the present.
The chart shows that since 2000 buy gold has in general been a better investment than stocks. One ounce of gold purchased in 1973 for $64 is now worth more than $900. This represents a “return on investment” greater than 1000%. Read it more in Wall Street Journal
By studying the markets some may be able to make good timing decisions. Charts such as DOW/Gold can aid in spotting trends and more importantly major trend changes. The Dow Jones Industrial Average, the DOW, is computed based on the stock prices of 30 of the largest and most widely held public companies in the United States. The value of the DOW in 1973 was about $1000 and dividing that by $64 is 16. The ratio made a high of 44.70 in 1998 and has declined since to about 10.
The chart shows that since 2000 buy gold has in general been a better investment than stocks. One ounce of gold purchased in 1973 for $64 is now worth more than $900. This represents a “return on investment” greater than 1000%. Read it more in Wall Street Journal
By studying the markets some may be able to make good timing decisions. Charts such as DOW/Gold can aid in spotting trends and more importantly major trend changes. The Dow Jones Industrial Average, the DOW, is computed based on the stock prices of 30 of the largest and most widely held public companies in the United States. The value of the DOW in 1973 was about $1000 and dividing that by $64 is 16. The ratio made a high of 44.70 in 1998 and has declined since to about 10.
Buy Gold Coins
For centuries, buy gold coins has been recognized as one of the best ways to preserve one’s wealth and purchasing power. Gold coin are a unique investment, one that has served mankind well for thousands of years. From the times of ancient Egyptians, Greeks and Romans to more modern times, man has been fascinated with the beauty and magic of gold coin, and with its power to change men’s lives.
Physical gold coin are a safe haven for asset protection as well as a good future investment. Basically the value of gold does not change with regard to the goods and services you can get with its value. And ounce of gold still purchases the same value of goods and services as it did many years ago. But the amount of fiat currency which the value of gold is assessed by does change and, as the economy goes through recessions and inflation, the apparency is that gold is worth more when actually it is the currency which is worth less.
Gold coin is real, honest money…and, many say, the best form of money the world has ever known. Gold coin are a store of value and a safe haven in times of crisis. Gold coin are rare, durable and does not wear out in the manner of lesser metals (or even paper!) when passed from hand to hand. A small amount, easily carried, can purchase a significant amount of goods and services. Gold coin are universally accepted, and can be easily bought and sold around the world. You can find it more in United States Gold Bureau
Physical gold coin are a safe haven for asset protection as well as a good future investment. Basically the value of gold does not change with regard to the goods and services you can get with its value. And ounce of gold still purchases the same value of goods and services as it did many years ago. But the amount of fiat currency which the value of gold is assessed by does change and, as the economy goes through recessions and inflation, the apparency is that gold is worth more when actually it is the currency which is worth less.
Gold coin is real, honest money…and, many say, the best form of money the world has ever known. Gold coin are a store of value and a safe haven in times of crisis. Gold coin are rare, durable and does not wear out in the manner of lesser metals (or even paper!) when passed from hand to hand. A small amount, easily carried, can purchase a significant amount of goods and services. Gold coin are universally accepted, and can be easily bought and sold around the world. You can find it more in United States Gold Bureau
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