There are many reasons why investment in gold coins is an excellent idea.
Gold is just a store of value, and will preserve your wealth through difficult economic times, just like the present. Gold is a concrete asset, easy to obtain and easy to market, and easily traded.
Think about buying gold coins (as against gold bullion bars, or remote ownership investments)? Why in case you purchase gold coins particularly?
There are many advantages to taking ownership of gold in this way. First, the coins are yours, to be stored, hidden, redistributed or place in a vault or xauusd buried as you wish. Whether acquired from a dealer, an online auction or an web store, gold coins represent a higher monetary value in a tiny, convenient form which is often reconverted to fiat currency if you need some. They are unlikely to lose their value over enough time you own them, and more than likely to boost in value.
The price of golden coins moves along with the spot price of gold, which is another advantage – you can track the existing minimum value of your coins quickly, just by knowing their weight, and checking today’s gold spot price, which is published everywhere. Recently, with the price of 1 ounce of gold reaching $1000 and remaining there, the owners of gold coins have already been smiling broadly!
You have many choices in the kind of gold coins you can acquire. First, you will find bullion coins, issued annually by many countries to allow anyone your can purchase 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 can even get your gold in the shape of historical or numismatic golden coins, just like the American Indian Heads, Liberty Caps, St Gaudens, or Double Eagles, British Sovereigns, European Ducats, Crowns and many others. These coins were issued within their millions, in the occasions when currency coins manufactured from precious metals like gold and silver were still being made. The internet auction sites have brought such beautiful gold coins to an extensive audience, and they’re extremely popular investments, though their premiums tend to be more than for the bullion coins.
While gold coins weighing one ounce are obviously selling for well over $1000, you will find fractional weights (half-ounce, quarter ounce and etc down seriously to one-tenth of an ounce) being offered for some bullion coins, as the historical coins are much smaller anyway, therefore it is fairly easy to build up your investments by beginning with those.