Buy Gold Coins - Investing In Gold
As currency decreases in value, gold increases in value
. Gold has long been proven the commodity of tough times. During times of inflation, it too goes up in price. When paper money is worth very little, gold is worth a lot. As the United States faces inflation, the prices of gold are beginning to go up. If history will repeat itself, gold will once again become the standard for wealth. Gold coins offer a unique opportunity in the value of gold. They are often worth more than their per ounce price due to minting and rarity. To buy gold coins is usually a sound investment even in an unstable economy.
When you buy gold coins you are doing more than just buying a precious metal. Gold coins minted by the United States of America before 1933 are not subject to 1099s when sold. Gold coins minted by the US (in any year) are also non-confiscatable by the federal government. These are the primary reasons that investing in gold coins is a smart way to buy gold. European gold coins do not have these advantages. Coins that are pre-1933 are considered the must-haves when you buy gold coins.
Gold prices fluctuate daily and can be dramatic in their fluctuations. Pre-1933 gold coins are somewhat immune to this fluctuation because of their scarcity. Modern gold coins are made every day and are easy to get. Older coins have a fixed supply and are much rarer by comparison. When gold prices go up and the economy takes a downturn, the demand for older gold coins skyrockets. Pre-1933 gold coins can fetch prices that are two or three times their weight. Modern coins are worth their weight plus a small premium for minting. When you buy gold coins begin with older coins.
As older coins are bought up and the economy continues to plummet, the rarity of these coins becomes even greater. This may mean that their value increases even more depending upon demand. You can buy gold coins relatively freely right now, but it may become more difficult in the future. The most popular of pre-1933 gold coins collected is the St. Gaudens $20 coin. This US minted coin contains almost one ounce of gold and it is easy to determine its fluctuating worth. Another popular older coin is the Liberty Head $20. It also comes in other values, but the $20 contains the most gold.
by: Michael MacDonald
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