The economy is seriously on the down turn and the US Dollar is losing value. These conditions
usually result in rising gold prices which has been the case over the last few months. Gold prices have moved up about 50% in the past six months. Gold is a good investment in bad economic times but many small investors find it difficult to buy gold in small amounts. This is where gold coins may be just the answer for small investors who don't have deep pockets.
Actually, gold coins may be a better investment than gold bars. Gold bars have the value of their weight in gold at the current spot price, whereas gold coins not only have the value of their weight in gold, but also added numismatic value. One ounce of gold is worth it's weight in gold, but a one ounce gold coin can be worth $1000s in numismatic value. Coins also have a very good appreciation rate simply because there will never be any more of a specific coin produced and the number of collectors continues to increase driving up the prices. Like they say in real estate, "they can't make any more of it"
Gold and silver coins are also very liquid assets. They are easy to buy and sell quickly in any number or dollar amounts. Many collectors buy and sell among themselves where the is no middle man, broker or dealer involved, resulting in lower prices without additional fees or inflated markups. You can buy one coin or a truck load at any time in a matter of minutes. You can get great deals on coins at auction. The coins are shipped directly to you without a paper trail as to how much you bought, what you paid for them or what you sold them for. No one but you knows your business or what your profits are. You can keep your coins at home, and if your house burns down, your coins will survive. They won't rust, rot, rip, tear, mold, mildew or deteriorate in any way.
If you have a little money to invest and not have to worry about it losing value, look into coin collecting. It's easy, it's a safe investment, its private and you don't need a bank account or credit rating. There is more complete information available at: http://www.gold.digital-homework.com
Gold for the Small Investor
by on 2009/08/12
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