There are numerous reasoned explanations why investment in gold coins is a great idea.
Gold is just a store of value, and will preserve your wealth through difficult economic times, just like the present. Gold is a real asset, easy to get and easy to market, and easily traded.
Think about purchasing gold coins (as against gold bullion bars, or remote ownership investments)? Why should you purchase gold coins specifically?
There are numerous advantages to taking ownership of gold in this way. First, the coins are yours, to be stored, hidden, redistributed or put in a vault or xauusd buried as you wish. Whether acquired from the dealer, an on line auction or an web store, gold coins represent a high monetary value in a small, convenient form which may be reconverted to fiat currency when you need some. They are unlikely to reduce their value over the time you have them, and most likely to increase in value.
The price tag on golden coins moves combined with the spot price of gold, which will be another advantage – you can track the existing minimum value of your coins quickly, simply by knowing their weight, and checking today’s gold spot price, which will be published everywhere. Recently, with the price of 1 ounce of gold reaching $1000 and remaining there, the owners of gold coins have been smiling broadly!
You have many choices in the type of gold coins you can acquire. First, you can find bullion coins, issued every year by many countries to allow 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’ll realize that the favorite names of bullion gold coins traditionally derive from the images they carry.
If you want collecting, you can even get your gold in the proper execution 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 in 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 a broad audience, and they are remarkably popular investments, though their premiums in many cases are greater than for the bullion coins.
While gold coins weighing one ounce are obviously selling for above $1000, you can find fractional weights (half-ounce, quarter ounce and etc down seriously to one-tenth of an ounce) available for some bullion coins, whilst the historical coins are much smaller anyway, therefore it is fairly easy to produce your investments by beginning with those.