Once again, it is important to figure out the current market value of gold before you sell your gold coins. Only work with a reputable dealer like Money Metals Exchange which has an impeccable reputation. Be wary of online auction sites, such as eBay and Amazon, that can become gathering places for scammers. Look for attentive customer service and an SSL secured website with product pages that offer live buy and sell prices. An online dealer often offers a higher price for gold than a local coin shop and you can instantly lock in the price. Read online reviews, read each title and summary, and stay away from sites with one star to ensure you are working with a valid precious metals dealer.
The best place to buy Silver is from a reputable dealer with a long history and strong reputation. Established retailers have a long-standing relationship with buyers, sellers, and government mints around the world. These ongoing partnerships serve as reassurance that your purchase has been through a network the relies on transparency and high standards of authentication. While you can buy Silver bars, rounds and coins from many different places, the ease of making a purchase and the security of the transaction are paramount. APMEX offers more than 6,000 beautifully designed products, backed by a quality guarantee. Our prices for Silver are affordable for most investors, and allow you to add tangible assets to your portfolio.
Canadian Silver Maple Leaf: First issued in 1988, the Silver Maple Leaf is Canada's official bullion coinage in silver and contains 1 Troy oz of .9999 pure silver. It was the world's first .9999 pure silver bullion coin and remains one of the few issued with this purity level. On the obverse is an effigy of Queen Elizabeth II, while the reverse features the sugar maple leaf design used on all Canadian Maple Leaf coinage.
These particular buyers are looking to create a hefty fund to hedge inflation. When seeking to establish a substantial fund, bars become an extremely attractive option, as they are the easiest to stack and store. They come in weights as high as 100 troy ounces, making storage relatively easier when compared to other instruments such as rounds and coins. However, providing adequate safety and security to this massive quantity of silver can be a tedious task. Hence, private, offshore storage depositories, offering top-of-the-line security at reasonable prices, are considered a great option for storage.
Gold coins are an investment that preserve wealth, a hedge against inflation, and a safe haven during times of global uncertainty. Buying gold coins is a great way to purchase physical precious metals as opposed to non-physical gold ownership, such as gold exchange-traded funds (ETFs), gold exchange-traded notes (ETNs), futures contracts, and mining stocks. Precious metals, such as silver, gold, and platinum can also be purchased as bars and rounds. Gold coins can be stored in safety deposit boxes or in a secure place in your home. As a value investor, you should try to purchase gold coins as close the spot price as you can. Smaller gold coins, such as 1/10 oz, will have a higher premium -- but they may be easier to carry and use in a crisis, particularly given their smaller increment of value.
As far as pricing, gold bars are a cheaper alternative to gold coins which will carry higher premiums depending on the country of their origin. Manufacturers can come from a variety of countries with the most popular being Switzerland, United States, Canada & Australia. Normally gold bars are at least .999 fine and most reputable producers of gold bars will encase them in a certificate card with a matching serial number on the bar as well as the card. These certificates will contain not only the serial number but the weight and purity.
Exchange-traded funds. If you don't particularly care about holding the gold you own but want direct exposure to the physical metal, then an exchange-traded fund like SPDR Gold Shares is probably the way to go. This fund directly purchases gold on behalf of its shareholders. You'll likely have to pay a commission to trade an ETF, and there will be a management fee (SPDR Gold Share's expense ratio is 0.40%), but you'll benefit from a liquid investment that invests directly in gold coins, bullion, and bars. That said, not all gold-related ETFs invest directly in gold, as I'll discuss below.
Gold has been used as a form of money for thousands of years. Because of gold's luster, rarity, and its uncommon density (no other precious metal outside the platinum group is as heavy); it became the medium for trading. Gold also inspired the concept of money: compact, confidential, and changeless. Throughout the thousands of years that have passed, gold has only become more favored over other means of currency.
The Perth Mint shall not be liable to any person for any special, direct, indirect, incidental, punitive or consequential damages of any kind whatsoever (including, but not limited to, legal fees) in any way due to, resulting from or arising out of, or in connection with the use or inability to use the information, details, statistics and figures contained above.
The price of gold bullion is volatile, but unhedged gold shares and funds are regarded as even higher risk and even more volatile. This additional volatility is due to the inherent leverage in the mining sector. For example, if one owns a share in a gold mine where the costs of production are $300 per ounce and the price of gold is $600, the mine's profit margin will be $300. A 10% increase in the gold price to $660 per ounce will push that margin up to $360, which represents a 20% increase in the mine's profitability, and possibly a 20% increase in the share price. Furthermore, at higher prices, more ounces of gold become economically viable to mine, enabling companies to add to their production. Conversely, share movements also amplify falls in the gold price. For example, a 10% fall in the gold price to $540 will decrease that margin to $240, which represents a 20% fall in the mine's profitability, and possibly a 20% decrease in the share price.
Streaming and royalty companies. The last option for investing in gold is to buy stock in a streaming and royalty company. For most investors, this is probably the best all-around option for investing in gold, as long as you don't want direct physical exposure to the metal. Streaming and royalty companies like Wheaton Precious Metals Corp. and Royal Gold, Inc. provide miners cash up front for the right to buy gold and other metals from specific mines at reduced rates in the future. They are like specialty finance companies that get paid in gold, allowing them to avoid many of the headaches and risks associated with running a mine.
Most of the countries that mint gold have a design that stays the same each year. Some vary the designs annually and date the gold coin, such as the Chinese Panda coins. Proof (PF) uncirculated coins are typically more expensive than non-proof gold coins. They require extra time and effort to make and can have a slightly higher value than non-proof because of demand from collectors. However, both contain the same amount of precious metal so investing in proof coins is highly speculative and generally a play on collectible value as opposed to the metal itself.
Local coin and bullion shops may carry various types of bullion bar and coin as well as numismatics and collectibles. Such shops may, however, carry smaller inventories and charge higher premiums compared to online dealers. This makes sense, after all, given the fact the brick and mortar coin shops tend to have higher operating costs compared to online dealers.
Gold bars are typically what most people picture when they think of investing in gold. COMEX deliverable, 400 Ounce bars are frequently depicted in the movies or shown in Fort Knox. In truth, gold bars come in a variety of sizes for any investor. One ounce bars are the most common since they easy to calculate using the spot gold price which is also based on one troy ounce. Smaller bars like 1 gram can fit inside a thimble. We offer a range of sizes all the way to 100 Ounce gold bars.
Gold bullion is produced in the form of Gold coins, Gold bars and Gold rounds from mints and Precious Metal refiners around the world. When Gold buying, you invest in an asset class that is as old as civilization itself. For thousands of years, Gold bullion has held stable purchasing power during inflationary times but can play an important role in a modern portfolio. Gold prices generally move independent of stocks and can provide a bright spot in your investment portfolio during an economic downturn.
Although governments have decided it's easier to be off the gold standard than on it, that doesn't change the central issue that backs gold's intrinsic value and safe-haven status: There's only so much gold in the world. The gold that's above ground being used in some fashion is estimated to be around 190,000 metric tons. The amount of gold in the ground that can be economically mined today is notably less, at roughly 54,000 metric tons.
The Federal Trade Commission reports a rise in boiler rooms hawking gold coins or bars. (A boiler room is filled with salespeople who cold call prospects and use high-pressure sales tactics.) Dama Brown, staff attorney for consumer affairs in the FTC’s Atlanta office, says that these operators usually make inflated claims about the potential profit from gold, such as “tripling your money in 30 days.” Such claims are often coupled with warnings about the weak economy and how gold, as a hard asset, is less risky than stocks, she says.
For centuries, buying gold has been recognized as one of the best ways to preserve one's wealth and purchasing power. Gold is a unique investment, one that has served mankind well for thousands of years. From the times of ancient Egyptians, Greeks and Romans to more modern times, man has been fascinated with the beauty and magic of gold, and with its power to change men's lives.