The Best Gold Coin

There are various types of gold. If you are planning to invest in gold coins, you might as well choose the best types of gold coins there are. They may all look shiny and expensive but they all have different gold content. So which is the best? The “best buy gold bullion” coin is the one that contains as mush as 99.99% gold in it. This means that there is hardly any alloy in it.

The Canadian Gold Maple Leaf contains 24 karat gold while the American Gold Eagle coin and the South African Gold Krugerrand both contain 22 karat gold. If it has a lesser karat, it means that the gold was mixed with an alloy compound which is usually silver or copper. This is to make the gold coin harder and more resistant to scratches. Pure gold is soft. This is why it is necessary to mix it with a little bit of alloy. If you don’t already know the difference between Karat and Carat we recommend this article by Raremetalblog about Carat vs Karat for new investors

Gold Coin Hunt

Gold coins with over 90% gold content are a great way to start an investment or a collection. However, finding a place to buy them from requires a lot of research. Why? This is no ordinary investment. This is gold we are talking about. You would not want to be scammed, right? That is why you need to find someone reliable. This is also to make sure that the coins you purchase really do contain the right gold content. So where can you find the best buy gold bullion coin?

One place you can check is gold mints. There are privately owned mints and there are those run by the government. One place for gold bullion coin purchase is through the internet. There are quality websites that offer great deals on gold purchase. You have to make sure though, that you are dealing with a trust-worthy website so as not to be scammed. By buying online, you can choose to pick the best website that offers discount prices or low-rates on gold products. You can also compare prices and deals.

If you prefer going to private dealers, you can find a lot online. If you know someone who also invests in gold metal products, you can ask them to refer you to someone. However, they do not entertain orders online. You would have to do it on the phone or in person. Despite the hassle, this is more preferable by gold investors. It gives them peace of mind to be able to handle transactions personally. This way, they are assured that they get what they have paid for.

There are numerous potential investors but not everyone can afford to actually invest in gold products, especially those sold from private dealers and mints. If you are one of them, do not lose hope. There are best buy gold bullion coin places where you can buy bargain and cheap precious coins without compromising the quality and the quantity of its gold content. Visit some specialty shops and thrift stores. You can also find gold bullion coins from pawnshops. You are sure to find cheap gold coins that guarantees you profit in the future.

For centuries, gold has always been regarded as a sign of wealth and power. It is a much sought-after precious metal. This is because it is difficult to find large deposits of gold. The scarcity of gold resources made it such a valuable element and made the price of a gold bar so expensive. Because of its value, gold has evolved into a great form of investment.

By buying gold bars and keeping them safe, you are assured that when the value of paper money drops, your gold remains valuable. It guarantees you a more stable and secure future amidst the unpredictability of the economy nowadays, especially with the deflation and inflation of the value of money worldwide.

What you are Really Paying For

Understanding the price of gold is crucial to buying and investing wisely. The price of this precious metal that you normally see is based on the weight per ounce or troy ounce. The type of gold varies according to origin and form. They come in the form of coins and bars that are available for purchase and investment.

Aside from the weight in ounces, there are other factors that affect the price of a gold bar, namely the purity, and the spot price that changes every day. The weight of a gold bar refers to how heavy the bar is. Most manufacturers already weighed the gold bars upon production. The weight is then stamped on the bullion bar. This also serves as your reference if you wish to double check the weight of the precious metal.

Purity refers to how much gold the bar actually contains. The purest is 9999 gold bar, meaning it contains 99.99 percent of gold. In some countries, their purest gold is at 96.5 while others are 98.5 percent pure. Its purity depends on which country it was manufactured and how much alloy and gold were mixed together. Gold mixed with alloy makes it hard enough and resistant to damage like scratches and dents. Gold in its purest form is soft. Therefore, there is no manufactured that is 100 percent pure. For manufacturers to be able to shape them into coins or bars, the gold needs to be mixed with another type of metal alloys like copper.

The spot price of gold usually fluctuates throughout the day. This is why it is important to keep track of spot prices. You would be able to determine the price for buying and selling gold bars by checking this, and be able to track the growth of your investment as well. Most websites that sell gold provide the current spot price for your reference.

Most spot prices show the price per ounce. And in order to calculate the value of the gold bar you want to purchase, get the weight in ounces and multiply it with the current price of gold or the spot price. Websites that sell gold also provide their own calculator for buyers’ convenience in computing for the price of a gold bar to prevent confusion resulting from miscalculations. For more relevant information, ask any accredited dealer or check out online consumer reviews and feedbacks.

Ever saw a sign or any advertisement saying “gold bullion for sale”? Wondering what is the hype about? Have you heard about the benefits of investing in gold or buying gold and silver bullion? If not yet, then here are the basics.

Why buy gold?

The importance of buying gold has been well-known and practiced by countries in order to stabilize their economies. They can print all the big bills that they have but these will not be of any value without being backed up by reserves of gold and silver bullion. Nowadays however, bullion is not only confined strictly to gold or silver, but platinum and palladium as bullion commodities are also rising. However, optimum trust is still given to the value of bullion gold.

As an individual, buying gold as an investment will ensure you of your future wealth. Buying gold bullion for sale will be the best investment you will ever make. Gold jewelry prices will fluctuate with the economy. Current value of a piece of jewelry will depend on several things, namely the value of the metal and stones used in the particular piece, the level of craftsmanship and name and reputation of the company that made it. It is no surprise that a simple gold band will cost twice or more when bought from a well-known jewelry company compared to your local jeweler who can actually make an exact replica. Owning a designer piece may give you the prestige, but when you need a quick buck and decide to pawn your jewelry, it would fetch a price that differs a lot from a similar imitation jewelry piece.

Bullion prices however are not dictated by any of these reasons. Their value will stay fairly the same through the years to come and it will not vary wherever you are. They are priced based on the weight and fineness of the metal alone. Though there will only be slight differences between shapes and sizes as manufacturing costs are of course to be taken into account. Take for example a stamped or pressed 1 oz gold nugget or biscuit compared to cast gold bars or gold ingots in general. Casting is cheaper than pressing, but casting is only used for bigger volumes like the kilo bars and pressing or stamping is for the smaller ounce bars or even the rose bars that come in as small as one gram of gold.

With prices that fetch for about a thousand and five hundred US Dollars per ounce, the difference between gold bars and coins is a mere fifty US Dollars per ounce. Buying per ounce, there might be no stark difference, but when you buy in kilos, then the best way is to go for ingots rather than mints.

The only question you need to answer for yourself when you see another “gold bullion for sale” advertisement is which type of bullion to buy and what size. Because of the assurance of having a guaranteed and secured investment, there is definitely no doubt but to buy bullion.