Some investors just want to buy gold cheap and take physical delivery. Initially this may sound like a sound theory, but the least expensive gold may not always be the most appropriate investment. Let’s cover a few ways that you can minimize your costs and maximize your investment’s potential. The following are the most cost effective ways to buy physical gold:
• Bullion Rounds – Manufactured for various large-scale dealers, these coins carry no face value and are not legal tender. Dealers generally have a minimal markup on these items, which are available in 22-karat and 24-karat purity.
• Bullion Bars – These items are more widely used than rounds, and they are not much more expensive. Investors can buy gold cheap by purchasing gold bullion bars from manufacturers like PAMP-Suisse and Credit-Suisse.
• Modern-Day Bullion Coins – Gold coins that have recently been introduced to the market by the Royal Canadian Mint, the Perth Mint, and the US Mint carry relatively low premiums over the active gold spot price. These coins vary in denomination and weight, and they are legal tender in the country in which they were minted.
• Mint State 61 Certified Coins – This is the lowest grading that a historic coin can receive to be considered a private and non-confiscatable investment. While higher Mint State grades have historically been more profitable, the MS61 version of coins like the $20 Saint Gaudens and the $20 Lady Liberty have performed exceptionally well throughout the current cycle.
If you would like to learn more about the best ways to make a wise gold investment, call one of our friendly specialists at 800-425-5672, and reserve your free copy of our 2010 Insider’s Guide To Buying Gold.
Steven Martin
Senior Gold Specialist - Buy-Gold.org
