Due to gold's reputation as a safe-haven, investors are drawn to the precious metal when confidence in other forms of investment is low, raising the gold price and supporting the idea that bullion is a safe asset. Conversely, many investors are often attracted away from gold when the economy is performing strongly and banks, shares and other financial assets are able to deliver regular returns, often pushing the price of gold down.
Gold has been used as money for many reasons. It is fungible, with a low spread between the prices to buy and sell. Gold is also easily transportable, as it has a high value to weight ratio, compared to other commodities, such as silver. Gold can be re-coined, divided into smaller units, or re-melted into larger units such as gold bars, without destroying its metal value. The density of gold is higher than most other metals, making it difficult to pass counterfeits. Additionally, gold is extremely unreactive, hence it does not tarnish or corrode over time.
A. Once again the answer is not cut and dry, but a general rule of thumb is 10% to 30%. How high you go between 10% and 30% depends upon how concerned you are about the current economic, financial and political situation. James Rickards, strategic investment analyst and author of the New York Times bestseller, Currency Wars: The Making of the Next Global Crisis, advocates a 20% gold diversification. "Gold," explains Rickards, "is not a commodity. Gold is not an investment. Gold is money par excellence."
Check out the company by entering its name in a search engine online. Read whether other people have something to say about their experiences with the company. Try to communicate offline if possible to clarify any details. In addition, contact your state Attorney General and local consumer protection agency. Checking with these organizations in the communities where promoters are located is a good idea, but realize that it isn't fool-proof: it just may be too soon for someone to realize they've been defrauded or to have lodged a complaint with the authorities.
Golden Eagle Coins offers a system making it easy to buy gold online. Simply place an order on our website and this will lock the price in at the time of order. The best way to pay for the product is usually a bank wire, however we accept many different payment methods. Most will vary with processing time, wire transfer being the fastest. Gold can be purchased 24/7, 365 days a year on our website. We also offer local pickup options in the Washington DC, Maryland & Virginia metropolitan area. Gold product prices are tied directly to the world spot gold price and are updated every minute in real-time. Premiums for both coins and gold bars can vary depending on the product as outlined below.
The European Commission publishes annually a list of gold coins which must be treated as investment gold coins (e.g. by being exempt from VAT) in all EU Member States. The list has legal force and supplements the law. In the United Kingdom, HM Revenue and Customs (HMRC) have added an additional list of gold coins alongside the European Commission list. These are gold coins that HMRC recognise as falling within the VAT exemption for investment gold coins.[10] The following list presents only the most common coins included in the European Commission list.