Buying Gold Coins: What You Should Know About Gold Prices

amercian gold eagle

Gold prices were rising as much as 6% in the third quarter of 2010 according to the US Mint; this rise could be due to the 5% rise in demand for gold coins and bullion coins. Another possible factor which caused the gold price to rise is the decline of the greenback. The currency value decline boosted gold investment; there was more demand for gold coins with a record currency figure. Hedge funds were also buying up more gold coins, which impacted the demand for gold. However, the US Mint seemed to experience difficulty with the gold coin production; especially the 24-karat American Buffalo … [Read more...]

Let The Gold Rush Come To You

gold rush

Finding gold is not easy and that is clearly depicted on a show on The Discovery Channel entitled “Gold Rush Alaska”. The show features a group of amateur miners who were tempted by the rising value of gold so they headed to Alaska to find and mine their gold fortune. They set their plan into action by buying a claim spot, mining equipment and a lot of cash on hand. The crew were rudely awakened to the harsh reality of gold mining when they got to Alaska. They met a lot of trials along the way such as frozen ground and broken equipment. Add to that the fact that they had to mine really … [Read more...]

Concerns About Gold Fraud

gold_prices

With so many gold frauds out in the market today, you need to know which ones to avoid and how to protect yourself.  ITM Trading is here to help. Check into the company and make sure it’s been around for at lest 10 years or more.  With the price of gold rising more and more bogus companies are emerging everyday. The Internet is a great start and tool to utilize along with the BBB.  Read testimonies and reviews.  Remember there are bound to be some complaints because not everyone can be satisfied. Some companies will try to pressure you into sending them money.  Avoid these … [Read more...]

Avoiding Current Gold Scams

debt_crisis

There are many common gold scams out in the market today.  You need to be careful and protect yourself.  ITM Trading is here to help you do that. First, check the history of the company you are interested in.  A well-established, trustworthy company would be in business for at least 10 years if not longer.  Beware new companies with guarantees and promises.  There are quite a few of these pop up companies showing up everywhere. Next, check with the BBB for reviews and complaints.  Just keep in mind even the best well known business will have some complaints cause not everyone can … [Read more...]

Worldwide Economic Crisis is Huge

debt_crisis

Hendrikus Johannes Witteveen who was head of IMF from 1973-1978 recently said in the Financial Times that the worlds financial system could become even worse than in 2008.  He also said it is happening in other developed countries which slows the growth of the worlds economy and rising countries. The Current European debt issues and the crisis of 2008 have made the ECB and the Federal Reserve have fewer options to help and make an impact.  His solution is to allow countries with debt problems to kind of form a safe haven or debt facility that would allow them to borrow funds from stronger … [Read more...]

Sovereignty of the British Gold Coin

british sovereign gold

History of the British Sovereign The British Sovereign gold coin has its history going back to the 13th century when Henry VII issued the nation’s first 20-shilling gold in the year 1489. However, its minting was suspended when James I started his rule in1603. But when George III came on the throne in 1817, the British gold reigned sovereign again. During the 19th century, Benedetto Pistrucci was commissioned to redesign the British Sovereign to today’s classic St. George image on its obverse with a dragon image on its reverse. Since then, the British Sovereign gold coins were minted … [Read more...]

Preference over European Gold Coins

gold eagle

There are many types of precious metals for sale on the market today. However, an obvious buy over the years seems to be European gold coins. There is quite a substantial range available for your acquisition consideration if you want to join the crowd. European gold coins are favored by many gold investors today for many reasons. Personal Collection Many financial assets involve the use of a Social Security number (SSN) for their purchases. But with European gold coins, there is no such requirement. Hence, anyone can buy or sell European gold coins. It is a very personal decision and … [Read more...]

Reasons for Gold

$20 liberty gold coin

There are many reasons for investing in gold today. Safe haven Gold has proven to be an excellent safe haven during crises no matter how short or long the crisis’ duration was. Even if the next crisis cannot be predicted or foreseen, gold will still hold strong. But today, many “black swans” have surfaced in just the last two years, making the markets susceptible to the beck and call of such events. Hence, gold is appreciated as a short-term hedge against an unstable economy. As for a longer term effect, gold gains its owners confidence in view of increasing inflation; … [Read more...]

Gold Trading As A Means To Accumulating Wealth

gold wealth

As the financial markets exploded with every type of product available and took over the economic scene, the popularity of gold as a form of savings slowly faded. However, with the onset of the global economic crisis, and many of these wonder accounts and funds on tax payer funded life support, the popularity of owning gold is making a comeback. At present, the price of gold is increasing at a remarkably steady pace. Trading with gold has many benefits and one of those benefits is that gold is money in and of itself. It is not printed into being by a government or created by accounting at a … [Read more...]

A Guide To Selling Gold Coins

gold market

Gold has instant liquidity in many parts of the world. Gold is also a currency that is recognized worldwide and has been for thousands of years. An ounce of gold is used as a standard to value all of the currencies of the world against. No matter where you go you will be able to turn on the market news or do an internet search to find out what an ounce of gold is trading for that day in the local currency. Many dealers may wish to bid on your coins should you decide to liquidate, however it is suggested to develop a relationship with a trusted and established gold trading firm. Quite often … [Read more...]