People think buying gold coins for investment is a new thing. The truth is, in times of economic uncertainty, the value of gold coins often rises. This is because gold coins are not just an investment, they’re real money. Gold has always had value. It has never been totally worthless. Since the beginning of civilization, man has loved gold.
Today, the world is in an economic crisis. Housing as an investment has lost its appeal for many. Banks are paying almost nothing in interest. People remember the loss of their stock portfolios took in the last big fall. All these things contribute to gold’s popularity.
Gold coins are a unique investment because they are both appealing to people who just want to buy gold and others who love gold coins. So naturally, their value is a bit higher than just the spot weight of their gold. This increased price is called a premium.
Because premiums differ from dealer to dealer, it is essential that you comparison shop. Make sure you are comparing the same coins and the same grade or condition. Or you can simply ask what a dealer’s standard premium is for a certain gold coin.
The world gold market is booming. India, the world’s biggest lover of gold, had been driving price rises because of their growing middle class. Gold jewelry and collecting gold has become one of India’s obsessions. The gold market in China is also rising as a certain segment of the population seeks the pleasures of middle and upper class life.
What will happen in the future? Analysts predict that gold will remain stable or rise. No one is seeing a big drop in gold prices anytime soon. Gold has established itself as a major investment. The ability to track world prices on the internet and to easily see trends also fuels the desirability of gold.
Today, the world is in an economic crisis. Housing as an investment has lost its appeal for many. Banks are paying almost nothing in interest. People remember the loss of their stock portfolios took in the last big fall. All these things contribute to gold’s popularity.
Gold coins are a unique investment because they are both appealing to people who just want to buy gold and others who love gold coins. So naturally, their value is a bit higher than just the spot weight of their gold. This increased price is called a premium.
Because premiums differ from dealer to dealer, it is essential that you comparison shop. Make sure you are comparing the same coins and the same grade or condition. Or you can simply ask what a dealer’s standard premium is for a certain gold coin.
The world gold market is booming. India, the world’s biggest lover of gold, had been driving price rises because of their growing middle class. Gold jewelry and collecting gold has become one of India’s obsessions. The gold market in China is also rising as a certain segment of the population seeks the pleasures of middle and upper class life.
What will happen in the future? Analysts predict that gold will remain stable or rise. No one is seeing a big drop in gold prices anytime soon. Gold has established itself as a major investment. The ability to track world prices on the internet and to easily see trends also fuels the desirability of gold.
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