Some individuals are under the impression that it is a bad idea to buy expensive gold investments, and in some circumstance buying a more expensive type of gold could be a hindrance to a successful investment. You must first consider your own particular investment goals before deciding if the cheapest type of gold is right for you or not.
Gold bullion bars are the least expensive way to buy physical gold. Along with modern-day gold bullion coins, gold bullion bars are the most highly recommended way to buy physical gold for a short-term (1-14 month) gold investment. If you plan on holding your gold longer than 14 months, you could do better financially with gold coins that were produced by the US Mint prior to 1933.
The US Mint’s modern-day coins, as ell as other gold bullion coins and bars, tend to lack the long-term profitability of historic coins due to the sometimes radical fluctuations of the gold spot price, which is available to the public at www.GoldPrice.net.
Historic coins that have been certified by the Professional Coin Grading Service (PCGS) track the price of gold, but the move with the general trend instead of mirroring the minute daily fluctuations. Investors buy expensive gold coins that have been certified as being in Uncirculated Mint State condition by PCGS when they plan to hold their gold longer than 14 months, and when they want a gold investment that meets our government’s standards for a completely private, government non-confiscatable coin. Long-term investors have historically done better with certified gold coins even though there are more costs associated with these pieces.
If the gold market is relatively new and you would like to learn more before getting your feet wet, register below for the 2010 Insider’s Guide to Gold investing, or call Buy-Gold.org directly at 800-425-5672 to have your questions answered by our friendly specialists.
Steven Martin
Senior Gold Specialist - Buy-Gold.org
