Posts Tagged ‘buying gold’

Buying American Eagle Gold Coins

Posted in Uncategorized on January 27th, 2010 by Bruce – Comments Off

American Eagle gold coins are gold bullion coins made available by the US Mint. They are bought both as an investment and by hobby collectors. The options for purchasing them are plenty.

American Eagle Gold Coins as an Investment
American Eagle gold coins derive their value not only from the price of gold, but also from how rare they are. If your goal as an investor is to invest directly in the price of gold, they are not the ideal solution, as you will be able to obtain more gold bullion per dollar by buying gold bars.

However, gold coins can still be a great investment, as their value doesn’t come exclusively from the gold price, but also from the fact that they are a collector’s item.

Buying American Eagle Gold Coins from Local Coin Shops
If you live in, or close to, a larger city, you should be spoiled for choices when it comes to coin shops carrying American Eagle Gold Coins. If your local coin shop’s selection of American Eagle coins are less than ideal, and you prefer not shopping online, you can usually ask the store to order the coins you are looking for and then pick them up later.

Buying from Online Coin Shops
If you prefer shopping from the comfort of your own home and you value the massive selection, shopping at an online coin shop might be for you. Remember to make sure that the online dealer you choose has a good reputation and a proven track record.

Get Your Coins Directly from the US Mint
New American Eagle gold coins can actually be purchased online directly from the mint. Often you are even able to get the same price paid by coin dealers, making this a very favorable option for new coins. Old coins must still be found using coin dealers, however.

Be Careful when Using Online Auction Sites
It is possible to buy American Eagle coins from online auction sites. In fact, you can get some fantastic deals this way. The downside is that this is also the most risky option. Before purchasing any coins, make sure the seller has a slew of positive reviews and no accusations of fraud have been levied against him or her.

A Little Research Goes a Long Way
As you can tell, there is no lack of options for those interested in purchasing American Eagle cold coins. Whatever option you choose, a little research will go a long way in making sure you obtain the most value for your dollars, and that you will soon be enjoying your beautiful, shiny American Eagle gold coins.

How to Invest in Gold

Posted in Invest In Gold on January 25th, 2010 by Bruce – Comments Off

Investing in gold has been done since ancient times. It is considered a relatively safe investment object, thus it is often used as a hedge against severe economic crisis and economic fluctuations. This post will explain more on how to invest in gold.

Investing in Physical Gold versus Gold Exchange-Traded Funds
If you want to invest in gold, you can either buy gold yourself or buy shares of gold exchange-traded funds. Each option offers benefits and drawbacks. Which one to choose depends largely on your personal preferences.

Buying Physical Gold
Buying gold and storing it yourself, offers a direct investment in the price of gold. You can either buy gold coins or gold bars.

If you buy gold coins you will not maximize the amount of gold you receive per dollar spent. Gold coins offer added value in other ways though, since they also act as collector’s items, and old, rare coins, thus has value far beyond what their weight and the current price of cold suggests.

If you want to directly invest in the price of gold, buying gold bars offers the best value. Buy the bars in the largest size you can afford, as this will reduce the premium the dealer receives per unit of gold.

Investing through Gold ETFs
If you have no desire to store gold yourself, but still want to invest in the price of gold, gold exchange-traded funds, abbreviated gold ETFs, offer a great alternative.

Gold ETFs are investment funds that track the price of gold. Shares in these can be bought on major stock exchanges, including New York, London, and Paris. The ETF will either directly buy physical gold or they will track the price of gold using various financial instruments, such as stocks in gold mining companies or futures contracts.

Holding physical gold allows gold ETFs to most accurately track the price of gold, but it is associated with higher expenses, since transporting and storing gold is expensive. Using financial instruments on the other hand reduce expenses, but can result in significant deviations between the value of the fund and the gold price.

How to Decide
If you want to invest in gold, the first decision you must make is whether you want to store gold yourself. If you like the idea of having the gold in your house or in a bank vault, this is a great option. However, if you think of storing gold more as a hassle, investing in gold ETFs is an attractive alternative.


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