Gold is a great way to protect you from situations that are unpredictable like economic crisis, political and geographical disasters. When considering the recent past, the investment value of gold has continuously increased as opposed to other investments that have shown great deviations. When you are investing in gold, there are quite a few choices of investment opportunities to choose. A large number of paper gold you will find in the market today. Some of them are digital gold currency, gold ETFs, etc. However, the most popular way for investing in gold is through buying gold coins. You need to find the safest way to buy gold.
Reasons for buying gold coins
The gold coins available in the present are minted and sold for gold they hold. In the early days, the gold coins were not traded like this. They had been issued as legal documents and then were used as money. The all-gold coin started after the great depression that happened in the 1930s.
The current gold bullion coins were originated in South Africa in 1967 with the declaration of the Gold Krugerrand. This is a way that the product of gold bullion is assured to have the stated gold content and be in high quality, backed and guaranteed by the government. They could be sold as gold in any market all over the globe. Since these gold bullions posses very high liquidity and they are easier to protect, this is the most popular way to invest in gold.
Highest quality bullions available for purchase
The highest gold content you can get from a bullion is 24 carrots, this is 99.99% pure gold. Examples for such gold bullions are the American Gold Buffalo, Vienna Gold Philharmonic Canadian God Maple Leaf, and the Australian Gold Kangaroos. Since these gold bullions can easily be converted into jewelry this investment is very versatile.
If you need the harder gold, then you can go with the 22-karat gold. This includes 91.67% pure gold. The most popular 22-karat bullion is the American Gold Eagle. There is a chance to increase the value of your bullion, if you have a mintage that is valuable to the collectors.
Choose a reputed dealer to buy your gold bullion coins
If you search the web, you can find many dealers for gold bullions. However, it is essential to choose the best to suit you. Here are some tips that you should always keep in mind. First, do a little survey by looking through all the websites of the gold bullion dealers that caught your eye. If you choose according to the geographical location and go to the nearest dealer to you, that might help to reduce costs for insurance, shipping, as well as handling risks.
However, keep in mind that finding a dealer who is well known and has a few years behind his belt will help you to gather knowledge and learn about the gold market as well. Since they have years of practices and information, any beginner in the market can gain immense resources through them. When purchasing the gold, it is most important to be there in person. You can weigh the gold before the purchase. This is a great way to know the authenticity of the gold. In addition, you must check the spot price of gold to avoid paying over the value of your gold.
Timing your purchases to get the gold when its price is low
Timing your gold purchases to fit an economic boom period is a great way to increase the value of your investment. The reason for this is in an economic boom period the currency value will fall. However, the value of gold will remains same and increase therefore you can get a higher payout for the gold you buy just before an economic boom. Therefore, it is common to see investments in gold in countries with an unstable currency.