Gold Spot: 1,959.90 | 0.8% |
Silver Spot: 23.16 | 0.0% |
Despite sincere efforts from the government and mainstream media, the gold market is back at the forefront of global economic attention. Our U.S. dollar looks to be in for some long-term hardship, regardless of what our Administration is spinning as “economic recovery”. During such circumstances when dollar values are in definitively “hot water”, the gold market historically provides both a safe haven for long-term financial protection, as well as effective short-term profit vehicle for trend savvy investors.
The gold market offers various venues, from gold mining stocks, to ETFs (Exchange Traded Funds), to physical gold bullion bars, and rare coin. Each investor should carefully evaluate his or her own, individual, financial needs, and thoroughly research the ideal gold market venue for him, or herself.
Experienced physical precious metals holders generally recommend vesting about 30% of one’s total assets into a customized bullion, and rare gold coin diversification. As mentioned, bullion can be used as a short-term profit vehicle, because its’ prices hover slightly above the current gold spot price. It lacks the numismatic value that rare coins possess, which is why bullion is also used to diversify more costly rare coin holdings. Bullion bars are a bit more affordable than coins, but both types of bullion can also be used in precious metal IRAs, while rare coins are not permitted.
Rare gold coins’ numismatic value commands rather high prices, but they are ideal for protecting wealth during economically stagnant cycles, like right now. Investors who complete their research are encouraged to contact one of our friendly specialists, who offer institutional discounts on bullion, and rare gold coin to household investors like you.