Purchase Gold Coins, Diversify Your Investmentsby Robt Gossard Follower of foreign and domestic economic affairs Most people do not fantasize about working themselves to death, instead they plan for retirement. There are a myriad of ways to prepare for the golden years and choosing to purchase gold coins in conjunction with other investments is just one of them.
As cliche as it may be, the old adage of advising against putting all the eggs in one basket is a wise one. Individuals who only rely on one investment options risk losing more than someone who takes the same amount of money and chooses a variety of techniques including to purchase gold coins, opening a traditional savings account, buying mutual funds and participating in other investing schemes. It is impossible to predict what will happen in the future, but historically the price of gold has no limits.
Why Purchase Gold Coins
From gold IRAs to gold futures there are plenty of alternatives that allow individuals to buy gold and get in on the wealth. However, buying a real gold coin not only feels tangible, it is an excellent way to hedge investments for an uncertain future.
Various paper currency has come and gone and today’s hot stocks are tomorrow’s next recession. Despite the unevenness of other economic sectors, gold prices have steadily increased. Gold prices have been tracked and logged since 1883 and even when gold prices sunk to a low of under $272 dollars per 1 oz gold in 1975, it rebounded and reached highs near $1,900 in 2011. By choosing to purchase gold coins, investors can benefit from that type of stability.
Safe Versus Sorry
FDIC insurance only covers $250,000 worth of bank deposits and playing the stock market is can be gut wrenching. Individuals with extra financial resources can purchase gold coins and safely stow them away in a safe or safety deposit box. That will allow individuals to access their money without the intervention of government agency or emotional roadblocks.
Purchase Gold Coins Wisely
When it becomes time to purchase gold coins, less is more. Like everything in life, gold is less expensive the less processed it is, so buying gold coin and gold bullion is the best choice. Other golden items require markups due to the middleman, manufacturing costs and branding. A minted coin or gold bullion is the least complicated production, allow individuals to automatically pay lower gold prices.
Additionally, a gold coin from a government institution like the United States Mint and the Royal Canadian Mint are guaranteed for content, purity and weight by the respective agencies. That means individuals who decide to purchase gold coins to diversify their investments are getting the best that money can buy.
Created on Dec 31st 1969 18:00. Viewed 0 times.
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