Buying Gold
Posted by Adam King on December 10, 2009
December 10, 2009 – If buying gold is a new idea for you, take courage in the fact that millions of Americans have recently taken their first steps into the gold market.
This migration to gold has been evidenced by the 0.6% price increase of gold today due to predominant buying, as well as the general upward trend since 2001.
You can track the gold spot price’s movement due to US dollar fluctuation against the spot movement due to supply and demand with the Kitco Gold Price Index, or visit www.GoldPrice.net for historical charts and projections on future gold prices.
If you are buying gold for safety, it may be wise to consider an investment in PCGS-certified gold coins such as:
• $20 Saint Gaudens Double Eagle coins
• $20 Lady Liberty Double Eagle coins
• $10 Indian Head gold coins
The aforementioned coins have a proven track record of outperforming gold bullion over a long-term holding period, and collectible investment-grade US coins such as these have been deemed non-confiscatable by the US government’s Executive Order 6102, Section 2-B. If you are interest in a private type of gold that could preserve your financial independence if the dollar approaches a collapse, certified gold coins could be a better financial decision. For the latest information on the gold market, register below for the 2010 Insider’s Guide To Buying Gold.
If you are buying gold for profit because you foresee the gold spot oprice rising substantially within the next 14 months, look toward the gold bullion market. Insist on physical delivery of your gold, because derivatives and gold stocks involve unnecessary risk to your hard-earned wealth. Gold bullion has a fair markup of 2-7% over the gold spot price, depending on the particular item and the gold exchange that facilitates your investing. Some of the most popular gold bullion products are:
• Credit-Suisse gold bullion bars (2-3% over spot)
• $50 American gold Eagle coins (5-7% over spot)
• $50 Canadian gold Maple Leafs (4-6% over spot)
These investments work best when held 14 months or less, and you should remember that gold bullion could be confiscated by our government in a national financial emergency. This happened during the Great Depression, and you can read more about the historic gold bullion confiscation at www.Gold-Investment.info.
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market