Saturday, October 6, 2012

Accumulating and Buying Gold Coins For Long Term Investment

By Michael Fung


Gold coins and bullion have been the desirable vehicle for storage of real wealth for many throughout the ages. It still continues to attract investors and collectors who believe that gold is one of the safest resources in which to hold their wealth and trust.

Although the existing economic outlook remains stubbornly bad, the price of gold is still going up in a steady pace. An ounce of gold is currently just under $1,700. A lot of investment advisors believe gold to rise to more than the $1,700 ceiling easily before the year end. Looking at these projections, purchasing gold coins is an efficient solution to improve the value of your investment portfolio, taken into the additional factor of gold's stability.

When contemplating acquiring gold coins for investment purpose, you are going to first need to assess the significance of gold in your over-all investment portfolio. If you are a newbie in gold investing, you will need to do some homework and bring yourself up to date about various gold coins, their rarity, ratings etc. You also should read up about the timing of your purchases and from whom you are buying. A crucial ingredient is to decide on how much gold should be in your investment portfolio. You can base this on the amount of funds available from your overall investment commitment. Some investment professionals propose putting from a range of 10% and 30 % of your financial investment funds in gold.

The next step after you have made a decision how much money you can set aside for gold, you should look at which kinds of bullion or coins you would like to purchase. Most investors are in favor of placing their investment dollars into possibly latest gold bullion coins or gold coins minted earlier than 1933. Buyers who prefer the pre-1933 gold coins minted as common coins in denominations range from $1 and $20 claim that the design of those earlier coins and restricted availability make them much more desirable than those gold bullion coins minted in the last few years. The newer low-cost gold coins may be a better choice for smaller sized investors who choose to place their money in gold coins that weigh a lot less than an ounce.

Getting a trustworthy and highly regarded gold vendor will be the very first and significant step you really need to take when carrying out your gold buying plan. If you are buying gold from a storefront dealer, you should definitely do some research about their rating, among other things, from Better Business Bureau. You should also talk to those individuals you already know regarding the gold dealer's reputation in and the manner of conducting their business. If you would like to purchase gold on the internet, then do some research about how long the vendor has been in business and carefully search their web site for virtually any clues regarding their know-how and expertise as gold sellers.




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