There are many people all over the world that have been obtaining physical gold from gold companies. People obtain gold for different reasons. For example, they might obtain gold for preservation of principle or capital appreciation. Gold is good for providing financial insurance for your paper assets that are in your portfolio. This is due to the fact that gold and paper assets typically have an inverse relationship, so when stocks go down gold prices go up and vice versa. There have been times where stocks and gold both went up at the same time. Individuals, central banks, large … [Read more...]
What Should I Know About Investing in Gold?
July 11, 2012 by
Physical gold and paper gold are two ways you can invest in gold and there are several ways to go about doing this. Your goals, objectives, and time frames will determine what type of gold you will want to acquire. This is the beginning of the process. A precious metals firm can give you guidance and knowledge that will help you determine the best fit for your needs, especially when buying gold and silver online. The only difficult part about speaking with a consultant is that usually if one sells paper gold they do not sell physical gold and vice versa. A gold ETF (Exchange Traded Fund) … [Read more...]
Gold Wins for Most Americans
June 28, 2012 by
CNBC recently conducted a survey on an All-American Economic outlook where investors termed gold to be the “best investment” compared to stocks or real estate. Gold has gained a huge attraction and following with no known boundaries in terms of income levels, geographic regions or political parties. Good investment Such results coincides with that of a Gallup poll where 34% of Americans claimed gold to be their most favored long-term investment; this entity is preferred over other types of investments with real estate at 19% and stocks at 17%. Perception It was concluded that … [Read more...]
China and Gold Hoarding
June 27, 2012 by
China was found to be purchasing more gold recently compared to their past acquisition pattern; these purchases were made through Hong Kong. China was reported to have imported about 102.8 metric tons in the month of November alone with a $5.4 billion based on January 11, 2011 trade data. Attention grabbing China’s gold purchases have caught many parties’ eye and concerned parties are wondering about that country’s massive gold purchases. Gold is known to hold strong purchasing power although it seems expensive to buy and people are concerned about its bubble bursting some time … [Read more...]
Financial Combat
June 15, 2012 by
We are currently in a time where purchasing and investing in gold coins and bars are something everyone should consider doing. Each month in dealing with the slow economy and the deficits our government is relying on the borrowing of more money and the printing of fiat currency via the Federal Reserve. Money saved becomes devalued as each dollar printed lessens the value of those already in the system, not to mention the lowest interest rates on savings in history. According to the Federal Reserve the inflation rate has been low and they are planning on attaining increased rates in the … [Read more...]
Can Gold Overcome the Financial Crisis?
June 15, 2012 by
Gold is a great tool for getting through a financial crisis. Some examples of when gold is favorable is when there is instability in the stock market, inflation/hyperinflation, global debt crisis, banking problems, and over printing of money/collapse of the dollar. For over 5,000 years people have found gold to be very valuable. Through the advancement of technology, civilization plunging, and money coming and going, gold has held its value. To this day gold is considered the ultimate store of value. Case in point, look at the worlds 2nd largest country by population, India, there the … [Read more...]
How Are Rare Gold Coins Valued?
April 9, 2012 by
Gold has become popular in diversifying any portfolio. Different buyers have their own reasons for investing in gold. Numismatic coin collectors prefer the gold coin’s historical significance and other impacting value factors rather than the physical gold content. Value Determinants of Rare Gold Coins The preference for rare gold coins stems from the history they contain. Hence, various determinants impact the value of any rare gold coin. Grading PCGS and NGC are professional third party coin graders and certification authorities on numismatic coins. Based on the coin’s … [Read more...]
US Gold Mint: Price Cuts for Gold Coins
April 9, 2012 by
At the time of this writing it was expected that the price of the American Gold Eagle Proof coins would drop from September 20, 2011 due to the volatility of gold prices that had been on the downward spiral recently. However, the price cut would be based on the London gold AM and PM fixes at $1,838 per oz and $1,800 per oz respectively. It is the US Mint which sets the collector gold coin prices from the range of $1,750 to $1,799.99. Price reductions would be seen in First Spouse proof coins, 1 oz un-circulated Gold Eagle, un-circulated First Spouse gold coins, Proof Gold Eagles coins of … [Read more...]
Buying Gold Coins
February 7, 2012 by
There is an almost frenzy buying and selling of gold coins in the States nowadays as exemplified by the many new gold business companies. This is a good indication of the growing number of Americans who are interested in gold coins. The spokesperson for the World Gold Council mentioned that although gold recycling is very common in the Middle East and India, it is a relatively new practice in the West. The third quarter report of WCG on gold for 2010 mentioned an increase in the West’s recycled gold supply in recent years accounting for about 41% global supply in 2009. An economics … [Read more...]
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