Countries around the world face unprecedented levels of sovereign debt, and this balance will come due. However, governments like the United States are obsessed with just one solution to their debt problems: currency debasement, also known as inflation. The US is on autopilot towards the permanent destruction of the dollar with its inflationary monetary policies. Buying gold is one of the best and easiest ways to protect yourself from that destruction and grow your wealth at the same time. Click here to learn the ABC’s of buying gold.
In addition, selling little-known, unusual, or exotic coins may be difficult, or you may have to sell below the market value of the metal. Unless the dealer has an immediate need for the coin you purchased, he may be reluctant to repurchase it from you. In contrast, bullion coins are a fungible commodity for which there is always a ready, liquid, and transparent global market.
Research is everything. Your decision to buy gold online wouldn’t have been taken lightly and should be backed by your own research. Much the same, when it comes to selecting your chosen bullion dealer, again research is vital. The Internet is the best place to conduct your research. The Internet holds information about the impartial experiences, opinions and recommendations of millions of people all around the world. It sounds obvious, but why not start your research by simply typing in the bullion dealers brand name into Google. The Internet really is the world's largest open forum in which companies have no control. It will become quickly apparent if a bullion dealer has a negative online reputation, in which case they should be avoided at all costs.
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The weight and dimensions of a coin of .999 fineness such as the Maple Leaf cannot be replicated precisely by a gold plated tungsten core, since tungsten has only 99.74% of the specific gravity of gold. However, forgeries of alloyed gold coins (such as American gold eagle or Krugerrand made from a crown gold alloy with 22 karats = .917 fineness) may have correct the correct weight and dimensions because of the lesser density of the alloy. Such forgeries can be detected testing the acoustic, electric resistance or magnetic properties. The latter method uses the fact that gold is weakly diamagnetic and tungsten is weakly paramagnetic. The effect is weak so that testing requires strong neodymium magnets and sensitive conditions (e.g., a gold coin hanging from 2 m long pendulum or placed on styrofoam floating on water), such tests can be performed without special equipment. Forgeries using gold plated tungsten are also used in counterfeiting of gold bars.
If you’re looking to buy gold as an investment option, then gold bullion coins offer a great place to start. Gold coins offer beautiful designs known the world over and many come with gold purity and weight backed by central governments and issued by sovereign mints. You’ll find no shortage of gold bullion coins available to purchase when you shop online. In fact, the most difficult task you’ll face may just be choosing which coins you want in your portfolio! Below is an overview of the some of the most popular gold bullion coins available today.
A. The short answer is 'When you need it.' Gold, first and foremost, is wealth insurance. You cannot approach it the way you approach stock or real estate investments. Timing is not the real issue. The first question you need to ask yourself is whether or not you believe you need to own gold. If you answer that question in the affirmative, there is no point in delaying your actual purchase, or waiting for a more favorable price which may or may not appear. Cost averaging can be a good strategy. The real goal is to diversify so that your overall wealth is not compromised by economic dangers and uncertainties like the kind generated by the 2008 financial crisis, or those now unfolding in Europe and Japan.
Market timing is difficult for any investment. That is one reason many investors look beyond day-to-day price movements and buy physical Gold or Silver as long-term investments. When planning to hold an asset like physical Gold for 3-5 years or more, it is less important to consider the current cost of the metal and more important to examine its historical performance in relation to other investments.
If you store your gold at home, invest in a decent safe. Practice good "safe hygiene." Bolt it to the floor out of sight of windows. Don't leave the combination on a Post-It note on the side of the safe. A reasonably large, fire-resistant safe will cost less than an ounce of gold (at recent prices) and can also be used to store important documents.
So if you’re socking away funds for retirement, why save in dollars? The US dollar is consistently losing purchasing power. Plus, in today’s banking environment it can actually cost money to keep your savings in a bank account. Gold is one of the best ways to ensure the 100 dollars you have today will hold its purchasing power decades into the future.
People with more limited capital to invest in precious metals cannot divest as much as they would desire. Hence, such buyers usually prefer less expensive and low-risk silver bullion products with lower premiums over spot, offering a modest appreciation over time – granting them with inflation-proof, financial protection. This is the best way to hedge against inflation and is recommended by financial advisers as a good method of balancing portfolios.
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. The following list presents only the most common coins included in the European Commission list.