Gold is increasingly being considered a good investment option. Gold has been in high demand through time immemorial and its hold over the market has never waned. Gold jewelry is popular in many cultures both as an adornment and an investment. However, trends are changing worldwide as investors are beginning to realize the potential of investing in gold instead of bonds, mutual funds and other forms of savings. Investing in gold can in fact be more lucrative than purchasing property, as the returns are not just secure but also high. Investing in real estate can at times be risky as the market may fall owing to different reasons while with gold the chances of the prices falling are remote.
Advantages of Investing in Gold
24 carat gold coins are the purest form of gold sold in the market. The purity of these coins is approximately 99.99% and they have just a trace of other metals mixed in them for the purpose of minting. Gold coins can be purchased in different sizes and weights starting from 5 grams. Gold prices have steadily been rising in the global market and a gold coin purchased today can give good returns in as short a period as 6 months.
It is easy to resell gold coins as most jewelers will buy them at the prevailing market price. The need to look for a buyer, as one would have to when reselling property is not necessary while selling the coins. The resale price is determined by the bullion market and there is no way one could lose their investment spent in purchasing them.
Coins can be bought for the purpose of investment when the bullion prices are low. The smaller coins do not cost much and the rate of resale value of all coins is the same irrespective of their size.
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These coins are small and can easily be stored or hidden at home for safe keeping. Another alternative is to keep them in a bank locker.
Different Bullion Coins
Bullion coins are minted all over the world and are used for legally importing and exporting gold. The most popular bullion coins are the South African Krugerrands, American Eagles, Chinese Panda, Canadian Maple Leaf and the United Kingdom and Australian sovereigns.
Collecting Gold Coins
An investor must be careful while purchasing a gold coin as there are high chances of getting duped by a fake coin. Coins must always be bought from a reliable source. The coins are usually not sold loose; and they come in tamper proof packs with the name of the manufacturer printed on the pack and embossed on the coin. The exact purity of the coin is also mentioned on the pack along with the weight and code. One must look for these before purchasing the coin. While buying gold coins online check the credentials of the dealer and ask for relevant proof. All gold coins are the same and it is just a matter of taste if a buyer prefers to purchase the American Eagles, South African Krugerrands or Sovereigns.