Gold
Why are gold coins a good investment?
The US dollar is a "fiat currency," backed by nothing except the trust people have in our money and our banking system. Throughout history, all fiat currencies have failed over time. That's a clear and proven 100% failure rate.
Gold continues to maintain its value, and does so over long periods of time. While gold has peaks and valleys like any investment, trends over 20 and 30 years show a clear, steady rise in prices. Within the past 10 years the price of gold has gone from $700 an ounce in 2009 to a little over $1200 an ounce here in 2018. That's not to say the price of gold never drops: in 2011 it reached a historic high at $1900 per ounce, only that the value of gold will continue to increase the longer you own it.
What gold coins should I buy?
It depends on your goals.
If you're simply buying gold to invest in gold, try newer, larger coins with no numismatic value. These coins will cost and be worth exactly what that coin's weight in gold is, and larger coins typically carry a smaller premium and are therefore a better investment overall.
If you are also a collector, then you might choose gold coins with an entirely different set of criteria in mind!
Are gold coins better than bars?
It depends on what you mean by "better." Gold coins are probably easier to transport, hide, and store. Some people enjoy the aesthetics of coins, even if they aren't particularly interested in collecting them.
Others enjoy the sensation of owning solid gold bars!
From an investment perspective they're exactly the same, as the value of the metal, which can be melted down into any shape, is really what's at issue here, rather than the shape of the metal.
How much gold should I buy?
We recommend buying as much as you can comfortably afford. If you do, you'll be protected against any currency failure which might occur. Of course, you should also give some thought to how you'll store and protect that gold.
Four Reasons to Come to U.S. Precious Metals
- Get one-on-one attention as you work to build your investment portfolio.
- Work with experts: we've got 30 years in the industry and are a leader in the wholesale market.
- Peace of mind: we've got a reputation for integrity, which means you can count on us to deal with you honestly.
- We've cut out the middle man, which means buying gold costs a lot less.
