If you’ve been thinking about investing some of your hard-earned money into gold, as so many people seem to be doing these days, you may be wondering what form of gold bullion you should purchase. That is, should you buy bars or coins?
Ultimately, the decision is up to you, although there are a number of facts and details that may inform your decision, and that will likely make it an informed decision.
But first things first: It’s crucial to understand that while most people think only of gold bars when they hear the word ‘bullion,’ gold bullion coins certainly exist as well. Bullion, just to be clear, is simply a refined and stamped weight of precious metal.
So if you’re planning on purchasing gold primarily as an investment—and assuming you prefer coins to bars—you’ll want to steer clear of ‘collectible’ gold coins, and instead make sure that the coins you’re buying are indeed actual bullion.
Here are a few questions to ask yourself and mull over if you’re not sure whether the bullion bar or bullion coin route is the best for your situation:
Continue reading Should I Buy Gold Bullion Bars or Gold Bullion Coins in Bucks County?
According to Michael J. Kosares, one of the country’s foremost gold experts and the author of numerous books on the gold market, gold should essentially be thought of as ‘wealth insurance.’
“You cannot approach [gold] the way you approach stock or real estate investments,” Kosares says. “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,” he goes on to say, “there is no point in delaying your actual purchase, or waiting for a more favorable price which may or may not appear.”
In other words, gold is one of the most secure financial investments available, and if you’re ready to diversity your investment portfolio with the addition of gold, there’s not much point in waiting for prices to fall, which tends to happen during times of economic crisis. There were periods during the height of the 2008 financial crisis, for instance, during which demand for gold was so great that actual shortages occurred.
So yes, now certainly is a good time to buy gold, which, aside from its positive relationship with the US dollar, has been performing well in other currencies for a few months now.
Continue reading Is Now A Good Time To Buy Gold?
Gold is a great way to get ahead financially, and it makes a marvelous investment that you can appreciate wherever you are. For a lot of people, owning gold can be one of the most satisfying types of investments, bar none. When you want to get ahead and grow your wealth, gold can be a great way to do so.
The Price of Gold Generally Rises
The biggest problem with a lot of “investments” over the past few years is that their prices have fallen instead of risen. This isn’t so bad when you’re ready to buy them. But when you’re looking to cash out and use some of the money you’ve waited so long for, this can be a serious heart breaker.
The big problem with investments that tend to stay where they are—or worse, go down in value—is that you might actually need that money someday for something important. Your kids need to go to school, and you need to retire some day. It almost seems as if some investments assume you just want them for fun, instead of as a way to grow your wealth.
Continue reading Why You Should Seriously Consider Investing In Gold
You may think of Doylestown Gold Exchange as just the place to sell your old gold and jewelry ―but we are so much more than that! Entrust us to repair your valuable and treasured jewelry and watches as well.
Expert Watch Repair
Do you find yourself overlooking a beautiful or sentimental watch simply because it has stopped working? Let the experienced watch repairman at Doylestown Gold Exchange & Jewelers put this worthy time-piece back on your wrist where it belongs!
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Well the answer is….it depends! Today’s market has many factors that affect the popular gold products available to modern investors. Many people are confused these days and as a result, apprehensive about diverging their investment portfolio with gold. Let’s quickly run through the three main ways you can invest.
First, you have the easiest and most straight forward way. Come down to Doylestown Gold Exchange & Jewelers, buy some gold coins or ingots, and take them home. Simple enough. This is the most common option for the small investor. It is private, secure, and convenient. We give full consultations to anyone who is interested in starting to purchase physical gold and silver.
Continue reading What is the Real Price of Gold?