There are lots of reasoned explanations why investment in gold coins is a good idea.
Gold is just a store of value, and will assist you to preserve your wealth through difficult economic times, such as the present. Gold is a concrete asset, easy to get and easy to market, and easily traded.
What about buying gold coins (as opposed to gold bullion bars, or remote ownership investments)? Why in case you spend money on gold coins in particular?
There are lots of 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 a dealer, an online auction or an online store, gold coins represent a high monetary value in a tiny, convenient form which can be reconverted to fiat currency once you need some. They’re unlikely to reduce their value over the full time you own them, and more than likely to increase in value.
The price tag on golden coins moves combined with the spot price of gold, which can be another advantage – you are able to track the current minimum value of your coins effortlessly, simply by knowing their weight, and checking today’s gold spot price, which can be published everywhere. Recently, with the price tag on 1 ounce of gold reaching $1000 and remaining there, the owners of gold coins have already been smiling broadly!
You’ve many choices in the kind of gold coins you are able to acquire. First, you will find bullion coins, issued annually by many countries allowing 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’ll notice that the favorite names of bullion gold coins traditionally derive from the images they carry.
If you like collecting, you can even get your gold in the proper execution 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 in their millions, in the occasions when currency coins made of precious metals like gold and silver were still being made. The internet auction sites have brought such beautiful gold coins to a broad audience, and they’re very popular investments, though their premiums in many cases are more than for the bullion coins.
While gold coins weighing one ounce are obviously selling for more than $1000, you will find fractional weights (half-ounce, quarter ounce and so on 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 starting with those.