November 19, 2009
Posted by Adam King on November 19, 2009
November 19, 2009 – The gold spot price has spiked in recent weeks, so many investors who have never before considered a physical gold investment have contacted the Certified Gold Exchange for their award-winning gold investment tutorial. Request your copy now because economists believe that the gold price could increase 12-18% in 2010. The Certified Gold Exchange trades a wide range of the most commonly utilized gold investments.
Reputable brokers recommend that investors who want a short-term stake in the gold market purchase gold bullion. Credit-Suisse and Johnson-Matthey bars closely track the gold spot price, so investors who want to own physical gold for a few months purchase bars to quickly overcome any premiums.
Other investors purchase gold bullion coins, which are slightly more expensive but available in 22 and 24-karat purity. Many nations mint gold bullion coins, which vary in price from 4-13% over the active gold spot price. The gold bullion coin market is another way to make a short-term gold investment, but investors usually hold these coins for up to a year to see profits. With very few exceptions, gold bullion coins are US government-confiscatable, no matter which country they were minted in.
Investors who want to own physical gold that has been deemed non-confiscatable should avoid gold bullion bars and coins. American coins that were minted prior to 1933 are considered collectibles, so investors utilize these historic rarities for long-term holds. These coins are private, and they tend to gain value along with the gold spot price. Additionally, pre-1933 coins have numismatic value that, like most antiques, generally increases over time.
Contact the Certified Gold Exchange directly for live quotes and discount pricing, or simply to get a recommendation for a reputable gold dealer near you. The Certified Gold Exchange stocks the most widely-traded gold bars and coins, so household and institutional investors are encouraged to diversify with the help of “The Professional’s Choice In Gold.”
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market