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?
Here’s a word to the wise: If you have a coin collection you’d like to sell, it’s always prudent to tread carefully. Because while the condition of you coins is certainly critical, so to is the quality of buyer you bring them to.
The majority of coin dealers, of course, are honest and reputable businessmen, although some will try to take advantage of naive sellers. So let’s take a look at some of the most important tips to keep in mind if you’re interested in selling a coin collection:
Continue reading Selling A Coin Collection? Read These Tips First!
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
According to Greg Glemser, a graduate gemologist and one of the three co-owners of Doylestown Gold Exchange & Jewelers, the customers who come into his shop with coin collections in tow almost always arrive with some variation of the same question: “What exactly do I have here?”
How Do You Know What Your Coin Collections Are Really Worth?
That’s a perfectly logical question to ask, and if you’ve ever been on the receiving end of an old and potentially valuable coin collection yourself, you’ll probably understand why.
Part of the answer, of course, is that most of us simply don’t know a whole lot about the value of coins. (Seriously: How many hardcore coin collectors do you know?)
The rest of the answer has to do with the way in which coin collections tend to appear in people’s lives.
Continue reading Why We Buy Coins and Appraise Coin Collections
“Reality” television programs have been wildly successful for decades, with none more popular than The History Channel’s Pawn Stars. The series, which is the network’s highest rated show, is filmed on location at the World Famous Gold & Silver Pawn Shop in Las Vegas, Nevada. The show depicts the staff’s interactions with customers who bring in a variety of artifacts (including coins) to sell or pawn, and are shown discussing its historical background and negotiating the price.
When the buyer is unable to evaluate an object the staff summons a knowledgeable local expert (who just happens to be conveniently available) to evaluate the item to determine its authenticity and potential value.
Continue reading Three Tips for Buying and Selling Coins