Investing in gold coins is a great way to put your assets in a secure, solid, and safe location. Gold bullion has been, and continues to be, a stable and smart investment commodity. When just starting out, it’s good to invest in gold bullion coins. They are small, easy to store, and have a low premium over the actual price of gold. Almost every major country has one or two different gold coins they mint and make available for purchase. These coins come in various sizes, from one troy ounce to a quarter of an ounce to even less. These coins also hold a collectible appeal to investors, so they often sell for slightly more than an equal weight bold bar.
The South African Krugerrand, Canadian Gold Maple Leaf, Australian Gold Kangaroo, Chinese Panda, and American Buffalo gold coins are just a few of the many popular coins out there. Before you make your first purchase though, be sure to do your research. Check the date of minting, the condition of the gold, the wear and tear of the coin, and the amount of circulation it has seen. These factors greatly impact the value of the gold coin. Even slight changes can lower or increase the value greatly.
Although some will tell you different, it doesn’t matter what kind of coin you invest in. Each will be valued differently depending on the popularity and need. It’s good to invest in a wide variety of different gold coins, that’s called spread betting your gold investment. Since the Canadian Maple Leaf is pure gold, it is very popular with collectors, but be careful when buying and storing, it will bend and scratch easily since it is 100% gold.
A great place to find the actual going rate of a particular gold coin, and even a place to purchase them is to buy gold on Ebay. On eBay you can quickly gauge the free market value of a coin you are looking to invest in. You can see how much it is selling for, and how popular it is by the amount of bids as well. eBay is a great place to buy gold as all your purchases are backed and insured by Paypal and eBay itself. Although gold prices rise and fall, different coins have varying values depending on rarity and quality. Don’t forget you are not just buying gold, you are also buying a collectible.
Before you invest in a gold coin, be sure you know the actual value. Also have an idea of where the gold market is heading, if now is the time to buy or sell (hint: now is the time to buy, all indicators are pointing to gold prices rising even higher in the next few years). Your gold coin purchase is a long term investment, so treat it as such. Do not panic if the price of gold falls a few points on day, and raises the next. You are in this for the long haul. Investing in gold coins is also a much better choice than buying gold shares or gold stocks. These Gold ETF’s are dangerous, devalue with time, and do not represent the actual gold you own. But that is for another article.
The best choice you could make in this uncertain economy is to take control of your money and assets. you’ve seen what happens when you let others play irresponsibly with your hard earned wealth. Investing in gold coins is a way to take back that control and put your money into a solid gold commodity that has not lost value in thousands of years.