There are numerous reasoned explanations why investment in gold coins is a great idea.
Gold is a store of value, and will preserve your wealth through difficult economic times, such as the present. Gold is a real asset, easy to obtain and easy to offer, and easily traded.
What about buying gold coins (as against gold bullion bars, or remote ownership investments)? Why should you purchase gold coins particularly?
There are numerous advantages to taking ownership of gold in this way. First, the coins are yours, to be stored, hidden, redistributed or devote a vault or xauusd buried as you wish. Whether acquired from the dealer, an online auction or an online shop, gold coins represent a higher monetary value in a small, convenient form which may be reconverted to fiat currency if you need some. They are unlikely to get rid of their value over the full time you possess them, and most likely to increase in value.
The price tag on golden coins moves combined with spot price of gold, that is another advantage – you can track the existing minimum value of one’s coins quickly, by simply knowing their weight, and checking today’s gold spot price, that is published everywhere. Recently, with the buying price of 1 ounce of gold reaching $1000 and remaining there, the owners of gold coins have already been smiling broadly!
You have many selections in the sort of gold coins you can acquire. First, you can find bullion coins, issued each year by many countries to permit anyone to possess gold relatively cheaply (‘cheap’meaning with a low percentage premium over spot). These coins are the American Gold Eagle, the American Buffalo, the Canadian Gold Maple Leaf, the South African Krugerrand, the Chinese Panda and many more. You will notice that the most popular names of bullion gold coins traditionally derive from the images they carry.
If you prefer collecting, you may also get your gold in the shape of historical or numismatic golden coins, such as the American Indian Heads, Liberty Caps, St Gaudens, or Double Eagles, British Sovereigns, European Ducats, Crowns and many others. These coins were issued inside their millions, in the days when currency coins made of precious metals like gold and silver were still being made. The web auction sites have brought such beautiful gold coins to an extensive audience, and they’re highly popular investments, though their premiums are often greater than for the bullion coins.
While gold coins weighing one ounce are obviously selling for well over $1000, you can find fractional weights (half-ounce, quarter ounce and so on right down to one-tenth of an ounce) available for most bullion coins, while the historical coins are much smaller anyway, therefore it is easier than you think to build up your investments by starting with those.