Commodity Futures Trader

Posts Tagged ‘gold coins’

A person may start purchasing gold coins for any amount of reasons. An explanation is they are seen as smart investments because their value can be increased, so individuals are more inclined to acquire them. Even these days coin collectors have high demand for scarce coins.

Particularly which ever reason an individual chooses for acquiring gold coins they know that is one of the safest ways for them to invest any extra money they have. Just due to the fact that they understand that over time these coins are unlikely to depreciate in value but instead are more likely to appreciate.

When it comes to acquiring any kind of coins the initial thing you should be doing is looking for a reputable and honest dealer. If you can select one who is a member of the Numismatic Guaranty Corporation or the Professional Coin Grading Service a dealer who is not a member of these professional bodies will often sell you phoney coins.

Once you have found a reliable dealer, you can make a decision regarding the amount of gold that you want to acquire. Because the cost of gold changes so frequently, it is best to know how much you can to spend.

You need know how much cash to invest and the best gold coins that are free. Presently gold coins are usually divided into a maximum of three various groups. Standard gold bullion coins are collectible and are classified as hard to come by.

Kermit the frog sings a great song called, ” It’s Not Easy Being Green”. I think that if money could talk, that would be it’s favorite song. It’s not easy being an American dollar today. It’s value continues to drop and drop and drop. Some are predicting the eventual collapse of the dollar.

Going back to 1971, when President Richard Nixon took America off the gold standard, the dollar has never been the same. All that green paper that you are holding in your wallet or purse, isn’t worth what it used to be. Whenever the dollar falls the price of silver and gold go up.

The network marketing industry has been a part of me for awhile, but I have been with some very well known companies that have been solid for a long time. I have my own internet marketing system that is in place. and taking my business into the next level.

The best way to hedge against inflation and the falling dollar is to invest in commodities. Gold, silver, copper, and real estate. Real estate is a tremendous investment right now, if you can get a bank to loan you the money. But how about gold and silver?

Gold, at this printing, is about $1200 an ounce, and silver is about $19.00 an once. Actually silver is probably a better buy then gold. According to Robert Kiyosaki, you should be buying silver up right now. Why?

The first coins ever produced were made during 6th millennium BC in Lydia, what is now western Turkey out of electrum, which is an alloy of silver and gold and could be found in the rivers in the area. The introduction of these coins is attributed to King Croesus. They were similar to coins produced today; one side had the face of a bull or lion and the other side bore a punch mark or seal. They were an important part of trade during those times and continue to be widely used in both trade and business today. Although the coins have changed, these metals still have many of the same uses they did in ancient civilizations.

The use of gold coins waned in popularity during the Great Depression in the United States in 1933 when Franklin D. Roosevelt signed an order forbidding Americans to hoard any kind of gold. In fact, they were required to turn all but five ounces of their gold in to the Federal Reserve for a low exchange rate. It was at this time the government completely took over the gold standard to try and repair the national wealth. Since America was a leader in gold coin trading all over the world, this put an end to the global coinage era. However, the limitation was repealed by Gerald Ford in 1974 and the use of gold quickly regained popularity and many enthusiasts when the country bounced back from the horrible recession.

In this article I’m going to lay out to you the top gold and silver dealers online. I will try to give some personal experiences with buying from these companies so you don’t get ripped off like I have been before.

When buying gold and silver as an investment, the most important thing you can remember is to buy for the metal content. Many of the dealers will try to sell you on rare and numismatic coins which carry a premium well over the spot price.

When you buy gold and silver online, you want to buy as much metal for the lowest price possible. Since you are an investor, you should only buy bullion coins and bars.

Do not make the mistake I have made in the past and pay double the spot price for silver coins. Learn from my mistake and purchase only for the metal content, which is the purpose of investing in precious metals anyways.

Now, let us discuss the best places to buy gold and silver online.

Monex

Monex really goes above and beyond to bring you a user friendly website. Their informational videos on each metal makes it a great place to just learn about precious metals investing. Monex really hides nothing when trying to educate investors about their products. Monex does have a nice variety of metals, but their bullion selection is not quite as large. Monex does lay out the prices for each metal for you to see.