Buy Gold
Today everyone is talking about buying gold, but a lot of us are not doing anything about it because they don’t know how or even why they need to. Right now the Federal Reserve is printing money 24 hours a day in order to get people to borrow money and spend more. Isn’t that what got us into this mess in the first place? Every stimulus program dilutes our purchasing power by increasing inflation.
No Government Controls This Currency
A precious metal that has long been used since ancient times as a method for trading and commerce is gold. Economic problems such as inflation, low rates of interest and the value of currency does not influence how the value of gold or silver should be. In other words, gold is the safest money out there. How to buy gold is the question that you should first ask yourself if you are a novice in this area. Make sure that you know the basics on how to check the authenticity of gold.
Gold Is Inflation Insurance
Gold is your insurance against the failure of the dollar and increased inflation. Gold is the best and least complicated to own. No matter how much fake new money is printed the price of gold goes up to offset the loss of purchasing power. At one time gold was $20 an ounce and today it is over $1,500 and heading to $2,000. $7,000 an ounce gold is not out of the question over the next few years. Some economists believe it has to go this high to compensate for inflation. The dollar is only being propped up by our faith in it, and that is why our government doesn’t really want you buying gold.
Gold may be purchased as gold bars, minted coins or as stock. Having the physical gold in your hand is probably best as it may be difficult to exchange a stock certificate for the metal when it is needed. Gold bars are very acceptable, but when it is time to cash them the buyer may require an assay which is both expensive and time consuming. Gold coins are immediately negotiable and their value is published daily. Any dealer will buy as will individuals. They may also be used in transactions of all types. It is best to buy coins that have a stated amount on the face.
If you understand how the dollar is losing its purchasing power a shrewd person will want to have some form of his wealth protected by gold. So what conclusion should we reach. The signs are so positive, those who embrace gold will possibly be very relieved they had the foresight to do just that. If you do nothing else this year you should buy gold.
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Gold Coins
Gold coins are extremely handsome items and collecting them goes back to when coins were first minted in pre-Roman Europe. However, it was only in the Middle Ages that the hoarding of gold coins became a leisure pursuit amongst the aristocracy and merchants who could afford to save such valuable items for their beauty and historical value alone.
US gold coins and foreign gold coins are both made of gold. But there is a difference in more than one aspect. Despite the fact that U.S. and foreign gold coins are both made of the same material, they are not quite all the same. If we take a closer look, we will soon realize that not all that glitters is gold.
There are many different types of gold coins out there because nearly every country mints their own. But not all of them are.9999% pure. So the selling price of these coins depends on the current value of gold and the coin’s purity. It is best to buy coins that are.9999% pure. The best ones are the Canadian Maple Leaves and the Chinese Pandas. Their coins are among the purest minted today.
Not All Gold Coins Are Equal
The US gold coins remains one of the least pure compared to the rest of the world. They are only.900% pure. If you are looking for just bullion than US coins are not for you. The US has since switched over to.9999% pure gold and because of that, the cost per.9999% ounce of these US coin has risen to an all time high.
If you want investment coins it is not recommended that you buy U.S.Gold Eagles($20 gold pieces) in grades of MS68 or lower. They do not go up in value in most cases by comparison.
From an investment standpoint, foreign gold coins will never compare to rare US gold coins. It wouldn’t matter if it was a.9999% gold or graded an MS70 from PCGS. The ultimate investment is rare US gold coins graded by PCGS and NGC. Despite the fact that they are only.900% pure gold, the US coins have the strongest returns compared to all other precious metal coins in the world. If you want to invest in bullion, any.9999% coin will do. But if you want to seriously invest in precious metal coins, I would suggest you invest in rare US gold coins.
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Gold Bullion
When buying gold bullion bars you should search for a dealer that is well established and has a good reputation. When you buy gold bars, bear in mind what the purpose of buying it is in the first place. Some people buy them for their collection while some buy them and hold them for a certain time and when gold prices increases they sell them. This second group are the real investors. gold bullion bars are real assets and it is little wonder that many people around the world are interested in buying them. However, if you don’t know what you are doing you could lose a lot of money. You should learn about investing in gold before actually doing it.
Bullion Are Not Coins
gold bullion mainly refers to the gold ingots or bars that are refined to immense purity. In days gone by, gold bullion was used to measure the wealth possessed by nations. It is a highly liquid and tangible assets that ensure stability for an investment strategy. It is definitely a smart move to invest in gold bullion. There are around 19 sizes in which gold bullion bars are available. Their weight however ranges from a small 1 gram bar to that of 400 troy ounces known as London Good Delivery Bar. Another reason that goes in favor of investing in gold bullion bars is that the commission charged for their trading is minimal. Bullion bars that bear a reputable refiner’s name can be sold easily.
Should I Borrow Money To Buy Gold?
A couple of pointer’s her about investing in gold bullion that should be followed here are that you should never use borrowed money (leverage) to buy gold bullion. Gold will rise and fall with markets (though it never goes to zero), if you have leveraged to purchase you could lose all your money in your investment. If you purchase gold bullion with your savings it will be there when you need it. Always take possession of your gold bullion. Do not buy from a company that stores it for you or gives you a paper receipt for your gold. Companies do go out of business, you do not want to be just one more claimant in a bankruptcy proceeding. Do not trade your gold bullion. It is tempting to trade and take a profit if the value of your gold portfolio rises. If you do you may not be able to buy back into the gold market at a later date or may be without gold when paper assets crash and you need bullion the most.
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