Archive for May, 2008
The Canadian Maple Leaf, the Australian Kangaroo, a British Sovereign, the Mexican Peso, and the Austrian Corona are just a few of the many gold coins one can purchase through dealers and mints.
When choosing a coin type for purchase, an individual must consider the actual reasons for the purchase. A number of investors, both large and small, are diverting fair percentages of their assets into physical gold coins. Doing so allows them to retain physical wealth without cash flow requirements, corporate managers, or connections to shaky markets.
Gold bullion coins are small, easy to hide, and highly movable during an emergency or disaster. In a time when the world’s lending institutions have lost the public’s trust, purchasing increasingly valuable gold bullion coins is becoming a feasible choice for many investors.
What gold bullion coins should I buy?
One popular coin across the world is the South African Krugerrand. This coin was first issued in 1967 by the South African Mint and is named after Paul Kruger, a former South African president and famous figure in the South African Republic’s formation. Existing as a legal tender coin, the Krugerrand is alloyed with a small amount of copper to aid in scratch and dent resistance.
Prior to the Krugerrand’s minting, the only way to purchase gold bullion worldwide was to buy gold bars. The Krugerrand was the first gold bullion coin to contain exactly one troy ounce of gold. The Krugerrand comes in four denominations based on weight in gold: 1 ounce, ½ ounce, ¼ ounce, and 1/10 ounce. In the United States, this gold coin is presentable at any bank for exchange of currency, and its value is easily recognizable. Over 54 million Krugerrands are in circulation worldwide.
When purchasing a Krugerrand, a buyer will pay a premium amount above the spot price. Of all gold bullion coins, this coin sometimes sells for the smallest premium and sometimes costs less per ounce, making it the most affordable bullion coin on the market.
Another common coin is the United States Gold Eagle, which like the Krugerrand, is considered legal tender. This coin was first issued in 1986 by the United States Mint and is the top-selling gold bullion coin worldwide.
The coin’s Walking Liberty face design was inspired by the American sculptor Adolph Weinman and copies the $20 Saint-Gaudens gold coin face. The coin’s reverse has a gold eagle designed by Miley Busiek, and indicates the amount of gold (in troy ounces), purity, and face value of the coin.
Due to unprecedented demand in 2008, sales of these coins were actually suspended for a short period from August 14 to August 25!
Gold Eagles, like Krugerrands, are easy to buy and convert to cash at most coin and precious metal dealers. This coin sells in 1 ounce, ½ ounce, ¼ ounce, and 1/10 ounce forms.
The US government guarantees the weight, content, and purity of each coin. Over 11 million Gold Eagles have been sold worldwide since 1986.
By: Mark Walters
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Jake Temores
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Leopoldo Ferencz
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Barry
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Cecelia Mcfeeters
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When buying gold bars it is important to know that the larger the bars you buy the closer to spot price you should get the bars for; compared to there weight in gold. It is also important to know the larger the bars you buy the harder they will be to sell. It is recommended that if you do buy gold bars larger than one troy ounce, that you know a number of good places that you can liquidate the bar or bars when the time comes.
It is recommended before buying gold bars that you research and know which bars and companies have the best reputation. This will not only help you to know what kind of gold bars to buy but, where some of the best places to buy them are. One other thing that is recommended when it is possible is to check the weight of every bar before purchasing. Gold bars are one of the best and safest ways to invest in gold. If you follow some of the information you read here, investing in gold will become an even safer investment.
A good web site where you can see more information on topics like this is Buying Gold Bars which is highly recommended, You can also see the video for Buying Gold Bars. Thank you and enjoy.
By: Kevin Cox
About the Author:
A good web site where you can see more information on topics like this is Buying Gold Bars which is highly recommended, You can also see the video for Buying Gold Bars. Thank you and enjoy.
Cornell Kondratowicz
“Boom” went the economies and now nothing gives any return. Oil which was around $150 is $45. So is copper, corn and what ever you name. Value of currencies is the same. I am not talking about the Zimbabwean Dollar…., I read somewhere that they are introducing a Zimbabwean Dollar Trillion note. Sorry to say but the guys there (authorities) look crazy to me, what are they trying to prove, a Trillion Zimbabwean Dollar note. I have a 100 Billion one which I bought as collection item and that itself looks quite stupid.
Any way, we were talking about the stable currencies, the likes of USD, EUR and GBP. Look at our dear British pound which was 1£= $1.89 and is about 1£ = $1.30 today. Against the Euro it is one-to-one. Reports are saying that the pound might go one-to-one with the dollar.
I live in UK and what does this mean to me. I have to confess here that I am no financial / economic expert but my plain and simple mind says that British economy is heavily dependent on imports, almost all the things which we have are imported from various countries and I am sure that the majority of payments are made in USDs. What would that mean if the pound goes one-to-one to the USD. I think it means super duper expensive products, the veggies, the meat almost everything. It really make me nervous to think that the import costs will be so high if the pound becomes equal to the US dollar.
Now…, I have been reading a lot of articles form various experts about what to do in this time of crises and how to save the money. The devaluation of pound is so rapid that very soon all the fun of going to New York for shopping will be gone (if it has not already) and shopping in UK itself will be tough. Various experts have been suggesting various ways to save money. I have also done my calculations and have the following in mind. The oldest method which has been adopted for centuries by humans to fight inflation has been Gold. People have always found that no matter what comes, Gold always remain the most precious of all and in the time of crises people look at gold as a saviour. I have calculated gold with the sliding pound is mind and have the following…..today the Pound is $1.30 which means that for every pound I get £1.30. Now if I buy gold which is $900 per Troy Ounce I will be spending £692 (900/1.30). Now, lets presume that the pound and US dollar have become equal. What would that mean to Gold which is $900, won’t it be £900 also since a pound will buy an equal amount of dollars.
This in fact means that the value of my Gold becomes to what it will be in Dollars. Supposing the Gold price is still $900. Since pound and dollar are equal wont the Gold price be £900. If this is true what does it mean….the Gold which I bought for £692 will be worth £900 although in the international market the value of the pound has diminished but locally I will be getting more pounds, isn’t it? Even if the Gold prices remain stationary which is highly unlikely to happen, just the sliding pound will give me a good return.
Analysts are saying that the Gold should be touching the four figure per Troy Ounce mark very soon. No wonder there is such a heavy rush in the shops that sell Gold coins, try getting one and you will see what I mean. I have been in touch with a few friends who have bought or are trying to buy gold coins and I am amazed to learn that they just can’t find any. Apparently there is a premium on some !
Therefore friends its time to get a bit worried about the pound and start thinking about where to invest so that we don’t reach a negative equity status. I think in the current scenario we can easily say that “Gold is Gold”, lets get some as an investment.
Hey, by the way, Valentine Day’s around, why not buying a Gold Coin for your loved one. You know we women just love Gold anyway !
By: Emma
About the Author:
Hi,
I am Emma and I love to write. Its a hobby right now but I am confident that people will like my style of writing and I wil start getting some offers soon.
I live to write about the internet or the world wide web. Isn’t that a fascinating thing, the world wide web or the information global super highway ?
Cheers
www.zsuaro.com
Kimberly















