Wednesday 21 March 2012

Five Must-Know Tips On How to Buy Gold Coins

If you are looking for safe investments that are likely to remain insulated from common economic fluctuations, you should consider investing in gold by learning how to buy gold coins. Ever since ancient times, gold has held a special place in the hearts of economies and civilization and little has changed in that regard ever since. Today, you can buy gold coins or gold bullion for safekeeping so you can be confident that despite fluctuating stock, bond and fund prices, your investment will continue to remain secure.

The key to succeeding in buying gold coins is to simplify the process. There is no worse enemy than not knowing your way around gold investments, so rid yourself of the confusion and familiarize yourself with the following tips on how to properly invest in gold.

Off the bat, you’re going to be at a disadvantage unless you study about buying gold coins. If you don’t have even the most basic of information, you may end up buying the wrong gold coins, or even worse, paying too much for gold coins or selling gold coins below their true value.

When in doubt, ask! You can ask the person you are buying gold from or ask another dealer for another opinion. You can also research on the internet or consult a numismatist in a location near you. Because gold is not as volatile as some of the other precious metals, you can take a day or two to mull over a potential purchase before deciding to take it or leave it. Jumping the gun won’t benefit you much from a pricing standpoint, but could be costly if you don’t buy the right type of gold coins.

Learn to set proper limits for your gold purchases. This means allocating a certain amount of your portfolio to gold and committing to that portfolio allocation regardless of gold’s performance. A good rule of thumb is that 10% to 20% of your portfolio should exist in the form of gold. This will vary depending on the size of your investment holdings as well as your overall feeling about the economy. Remember that a well-diversified portfolio is necessary when attempting to balance risk and reward.
There are a variety of gold investment options available in the marketplace. You can always choose to buy gold bullion in the form of 10 ounce bars; although this requires a higher level of portfolio diversification and capital outlay. Conversely, you can buy gold coins. One ounce gold bullion coins, such as American gold eagles, Canadian Maple Leafs, and South African Krugerrands track well with gold’s price, so you can feel confident knowing that the value of your gold coins won’t vary much from the stated gold price per ounce.
Only deal with coin dealers that have a sound reputation. Do not buy gold coins off the street, from dubious sources, or from somebody you cannot trust, especially if you are new to the industry. Always learn to maintain a healthy level of skepticism so that you can properly scrutinize all your investments before committing to them.
Finally, be committed with your decision to invest in buying gold coins. Wavering is going to cost you so instead locate a reputable coin dealer to assist you. You need an expert to help you generate profit, at least initially. Gold 10 years ago was being sold for $300 an ounce. Today, the price has skyrocketed to $1,800 an ounce. See the potential? If so, you’re definitely on the right track!
Learn more about buy gold coins. Stop by Atlanta Gold and Coin Buyer’s site where you can find out all about buying gold coins and what it can do for you.

More info:http://internetbasedbusinessarticles.com/133422/five-must-know-tips-on-how-to-buy-gold-coins/

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