When you buy gold coins as an investment, you should begin with some goals in mind. While you could call most gold dealers and demand a specific volume or dollar amount in gold, a much more reasonable way to approach the gold market would be by evaluating your investment goals before contacting any gold dealer.
If you want to buy gold coins for the shot at quick profits that could be seen in the gold market, and you plan to take those profits within 14 months, you fall into the category of investors who tend to invest in gold bullion coins. The 22-karat American gold Eagle and the 24-karat Canadian Maple Leaf are two examples of widely utilized gold bullion coins. Gold bullion coins trade in close proximity of the roving gold spot price, which is listed by the COMEX.
If you are not looking to flip the gold within the next year for profits, and if you would rather maintain physical possession of your ore for wealth security purposes for years or perhaps decades, you could do better financially by buying certified gold coins. Certified gold coins like the $20 Saint Gaudens and the $20 Lady Liberty have been placed in a private asset class by our government’s policymakers, so investors searching for a way to privatize their wealth with physical gold purchase coins such as these to fortify their portfolio.
Investors also buy gold coins with funds from their inactive and/or underperforming retirement accounts, and many IRA investors have been able to ward off the average American’s 35% retirement account loss by storing a portion of their nest egg in gold coins. You can learn more about gold-backed IRAs as well as gold coins for physical delivery in our free, award-winning gold investment guide below.
Steven Martin
Senior Gold Specialist - Buy-Gold.org
