Gold Coins
Historically, gold coins have been among the best means of preserving, as well as supplementing wealth. Their value has always prevailed over any fiat currency ever printed, as gold is what has always been used to back those currencies. Gold coins can be used for short-term investment gains, as bullion coins like 22 Karat American Eagles, or South African Krugerrand prices generally hover above gold’s spot price. Investors can log onto www.gold.org, or www.bloomberg.com, for retail prices on these coins, as well as market updates, buying tips, and other helpful research links. Holding periods for bullion coins usually range between one and fourteen months, unless investors decide to take some of their coins into physical possession. This practice is traditionally recommended, as investors can enjoy added financial independence in the event of a banking emergency, or any unforeseen financial crisis.
Gold coins can also be used for long-term financial security, as the inherent numismatic value of rare coins generally tends to appreciate over time. Certified coins are the preference of a great many American household investors, as these gold coins have been evaluated for their numismatic value, and issued a corresponding “mint state grade”. Investors can log onto www.pcgs.com, or www.ngccoin.com, for retail prices on rare, certified coins like $20 Lady Liberty’s, Saint Gaudens, and Indian gold coins. Certified coins command a slightly higher premium than non-certified coins, and common mint state grades for investment quality coins generally range between 61 and 66, with a grade of 70 being the highest. Investors are urged to consult a reputable, large-volume precious metal dealer, to avoid paying retail prices. These types of dealers supply gold to local dealers, banks, and insurance companies, so the institutional discounts that they offer are also passed down to household investors like you and me.
Jonathan Monroe
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