Shop BEST SELLERS For Current Inventory Selections / Get Free Shipping On All Orders Over $500
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Shop BEST SELLERS For Current Inventory Selections / Get Free Shipping On All Orders Over $500
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Shop BEST SELLERS For Current Inventory Selections / Get Free Shipping On All Orders Over $500
Shop BEST SELLERS For Current Inventory Selections / Get Free Shipping On All Orders Over $500
There are many reasons to invest in gold. For almost all of history, it’s been a reliable hedge against disaster. Currencies come and go; barter-only works if both parties have a supply and a need, but gold is always gold.
Plus, gold is gorgeous, and owning it can bring you an incredible sense of well-being and pride.
But as with any investment, you can lose money buying gold if you don’t know what you’re doing. Here’s how to be a successful gold investor.
Why use coins instead of bars or bullion?
The answer is the return on investment.
Bars and bouillon will always have the value of gold, as will any gold coins you buy. Yet coins sometimes attain a value above and beyond their gold content simply because they have become valuable to collectors.
For example, a 1933 Saint-Gaudens $20 coin holds a $20 face value and holds 0.9675 troy ounces of gold.
As of this writing, gold is trending at $2197 per ounce. If you’d bought gold in 1990, an ounce would have cost $386.20. That’s already a fabulous return on investment.
However, because only 15 to 20 1933 Saint-Gaudens coins exist worldwide, an MS 65+ version would retail for $22,500,000.
Obviously, some gold coins will never become so worthy to collectors, and there’s no way to predict which coins will attain that level of success. However, there is always the chance that the value of the coin will eventually far exceed the value of gold. This makes gold coins a very wise investment indeed.
By the way, gold jewelry is nearly always a terrible investment. There’s rarely enough gold in a gold chain to make it worth a dealer’s time.
Gold coins are like any other investment. If you want to give yourself a great chance at scoring some coins that might be worth a lot more twenty years from now, then you’ll want to buy a wide variety of gold coins from a wide variety of years.
Schedule a time to visit US Precious Metals once a month to see what’s available. If you don’t have a coin yet, consider adding it to your collection.
You’ll lose money on gold if you sell it after just a few years. Remember that retailers have to make their money, too, and so the wholesale price is always going to be smaller than what you paid. You need to give gold time to get valuable enough that you clear that initial loss.
The price of gold historically goes up over time. But you should plan to buy it and hold it for at least 20 years if you want to gain a return on your investment. If you’re using it as a hedge investment, you may even want to hold it for the rest of your life and then pass it on to your heirs.
Unfortunately, there are many scammers on the gold market. You need to make sure you’ll always receive the product as described and that it will show up discreetly at your doorstep.
Fortunately, you don’t have to look far to find a licensed, reputable dealer. The team at US Precious Metals is waiting for you. We’re a reputable dealer who is available to help 24/7/365.
Order your first coins today! Our staff is standing by to answer any questions you might have.
US Precious Metals is one of America’s most trusted coin companies. We specialize in gold coins, gold bars, silver coins, silver bars, platinum coins, and palladium coins.
