One Ounce American Gold Buffalo
Backed by: United States government
Special Note: The newest sovereign coin, first manufactured in 2006 greater purity than the Eagle.
If you want to own pure gold, coins are a good place to start. Youll have beautiful coins, backed by a sovereign government, which can easily be sold when the need arises.
I recommend buying one-ounce denominations, because the premiums are higher on fractional coins. But if you cant afford a full ounce, some gold is certainly better than no gold.
This isnt to say that you should never buy other coins. The point is that every investor should have a meaningful stack of these before buying anything else. These gold coins are your gold safety net, you and your familys monetary insurance hedge that can easily be sold if the need arises.
Now that we know what to buy, lets find out where to shop
How To Buy Gold
Once someone has decided on a purchase, the obvious question is how do I buy it? The whole business of buying gold can seem daunting, an affair best left to connoisseurs and experts.
However, this need not be the case at all. Before answering the how to buy gold question, the would-be purchaser needs to first decide in what form they plan to hold their gold and where they choose to buy it from.
Bullion Bars And Coins
These are the best option for owning physical gold. However, there are markups to consider. The money it takes to turn raw gold into a coin is often passed on to the end customer. Also, most coin dealers will add a markup to their prices to compensate them for acting as middlemen. Perhaps the best option for most investors looking to own physical gold is to buy gold bullion directly from the U.S. Mint, so you know you are dealing with a reputable dealer.
Then you have to store the gold you’ve purchased. That could mean renting a safe deposit box from the local bank, where you could end up paying an ongoing cost for storage. Selling, meanwhile, can be difficult since you have to bring your gold to a dealer, who may offer you a price that’s below the current spot price.
Don’t Miss: Rdr2 Sell Jewelry
Where Does Demand For Gold Come From
The largest demand industry by far is jewelry, which accounts for around 50% of gold demand. Another 40% comes from direct physical investment in gold, including that used to create coins, bullion, medals, and gold bars.
Investors in physical gold include individuals, central banks, and, more recently, exchange-traded funds that purchase gold on behalf of others. Gold is often viewed as a safe-haven investment. If paper money were to suddenly become worthless, the world would have to fall back on something of value to facilitate trade. This is one of the reasons that investors tend to push up the price of gold when financial markets are volatile.
Since gold is a good conductor of electricity, the remaining demand for gold comes from industry, for use in things such as dentistry, heat shields, and tech gadgets.
Bullion Vs Collector Coins
Investors need to distinguish between bullion coins whose values generally fluctuate according to the current price of gold, silver or platinum, and “rare coins” that can carry a significant collector premium based on historical supply and current market demand.
Some U.S. gold and silver coins may be readily available in circulated condition for a modest premium over their bullion content, but those same coins in superb condition may have a significantly higher value. The numismatic premium can exceed thousands of dollars above the coin’s melt value. The market for accurately graded, high-quality rare coins has always been strong.
You May Like: What To Mix With Bacardi Gold
Should You Buy Coins Or Bars
You can buy bullion in two main forms: coins or ingots . The advantage of gold coins over gold barsis that they allow you to be more flexible. After all, it’s easier to sell 20% of your gold if you ownten gold coins rather than if your whole investment is in one gold bar. By the same token, given this flexibility, you’ll probably find that coins are that bit more liquid than big bars. That said, if you want to buy a sizeable amount of gold, then bars might make more sense from a practical point of view.
Why Invest In Gold Bullion Coins
Gold coins offer a unique investment opportunity as you are not only investing in the metal itself, but also the scarcity or rarity of the coin. Many collectors will use mintage as a guide when choosing gold coins to collect. Most larger countries are modern producers of gold coins, while many countries who have been producing them for centuries. Not only do federal governments produce gold coins but there are a number of trustworthy, world renown private mints that do as well.
Gold coins are offered beyond just the 1 oz incremental size. Each gold coin carries a monetary value, depending on the nation’s fiat currency, and are struck with the minimum of .999 pure gold, wherein the Canadian Gold Maple or the Australian Gold Kangaroo are .9999 pure.
Read Also: How Many Grams In 1 Oz Of Gold
The Many Reasons For Buying Gold Coins
Gold offers benefits far beyond the fact that its price can rise.
Considerable all the advantages you gain by buying gold coins. Gold is
A tangible asset. You can hold $50,000 of gold coins in your hand, which you cant do with most any other investment. It cant be destroyed by fire, water, or even time. And unlike other commodities, gold coins dont need feeding, fertilizer, or maintenance.
Free of counterparty risk. Gold coins require no paper contract to be made whole. Gold is the only financial asset that is not simultaneously some other entitys liability. It doesn’t require the backing of any bank or government.
Highly liquid. Gold coins can be sold virtually anywhere in the world. There are gold dealers in just about every major city on the planet. And in a crisis, gold will be in high demand. Other collectibles, like artwork, take longer to sell, have a smaller customer base, and will likely entail a big commission.
Value dense. You can hold $50,000 in gold coins in the palm of your hand. Gold coins take up such little space that you can store more value of them in a safe deposit box than stacks of dollar bills.
Private and confidential. How many assets can you say that about in todays world? You must pay taxes on any gain, of course, but if you want a little privacy or confidentiality, just buy some gold coins!
Portable. You can take gold coins with you wherever you go in the world.
Buy Gold Online And Have It Stored For You
An alternative way to buy physical bullion, and have it stored conveniently for you rather than taking delivery of it, is via a website which allows you to buy gold online. One of the best known is British firm BullionVault. It offers the option to buy gold which is held in vaults in Switzerland, London and New York. It conducts a daily independent audit of its holdings, and will also allow you to take physical delivery of your gold if you so wish. A similar service is offered by James Turk’s GoldMoney.
At MoneyWeek, we’ve been tipping gold since 2001. In that time it went from $250 to $1,900 an ounce in 2011 , hitting record highs each year since 2002.
Successful investing is about the diversification and management of risk. It makes sense to have a part of your wealth invested in gold.
We show you the best ways to do that in our latest free report,
Rob Arnott: Covid’s hidden investment opportunities
University spin-outs: where to find companies involved in cutting-edge science
Investing in football clubs: how you can profit from the beautiful game
I wish I knew what contagion was, but Im too embarrassed to ask
Two shipping funds to buy for steady income
A nightmare 1970s scenario for investors is edging closer
Should investors be worried about stagflation?
You May Like: Can I Buy Gold Jewelry From Dubai Online
Advantages Of Buying Gold Coins
Gold has always been a time-honoured part of investment plans in India. It is no surprise why millions of people flock to buy gold on Akshay Tritiya and Dhanteras. Here are some advantages of investing in gold:
Best Gift: Gold is something that will forever be precious and valuable. Gifting someone gold signifies that its been gifted with good intention. If youre unsure about buying gold jewellery, go for gold coins for strictly investment purposes. Shopping gold coins allow you to buy it at the gold rate of that place on that day and not spend any additional money.
Security Anchor: The gold rate has a positive growth in the market in the broader time frame. If you buy gold at a certain gold rate today, you can be assured that you will always get more when you want to sell it off in the distant future.
Ever increasing world demand: The demand for gold has been increasing steeply both for jewellery purposes as well as for investment purposes. There are a bunch of factors which add to this growth like exemption of Gold from PMLA, etc. Gold monetization might also become a thing in the near future.
When people invest in gold bars or coins they are relatively stable financially and it is often observed that when other financial investments decline, gold provides a stablizing effect in your portfolio.
South African Gold Krugerrand
The first bullion coin to enter the market in 1967. It was, for a long time, the most popular gold bullion coin among investors, but international sanctions against the South African apartheid regime during the 80s and 90s banished imports from this coin in many countries, including the U.S., the biggest consumer of this gold coin at the time. To this day, over 50 million units of the Gold Krugerrand have been minted and sold to investors and collectors worldwide.
The name of the coin is a combination of Rand, the countrys currency, and Paul Kruger, South African President during the turn of the 20th century. The reverse shows a representation of a galloping springbok antelope, a national animal of South Africa.
These visually appealing and well-established gold coins are minted with 22-karat gold in varying sizes, from 1 troy ounce to 1/20 troy ounce.
Read Also: Gold Weight Measurements
Best Overall: Money Metals Exchange
Money Metals Exchange
The combination of highly competitive prices, low shipping costs, vast product selection, and an exceptional customer experience lands Money Metals Exchange on our list as the best overall online gold dealer.
Free shipping on orders of $500 or more
Prepackaged starter portfolios for beginning investors
Winner of “Bullion Dealer of the Year”
Automated monthly savings plan
Low purchasing limits for check and PayPal payments
Shipping can be slow
Founded in 2010, Money Metals Exchange has quickly amassed a customer base of more than 100,000 U.S. customers. Its customer-centric focus has translated into highly competitive pricing, personalized service, a pathway for new investors, and one of the best online reputations, making Money Metals Exchange our choice as the best overall online gold dealers.
Recognized by Bullion.Directory as the “Bullion Dealer of the Year” in 2015, Money Metals offers the full gamut of precious metals products, including gold, silver, platinum, palladium, rhodium, copper coins, and bullion. They also offer a variety of concentrated diamonds.
Money Metals locks in your price for 10 minutes to allow you to finish entering your information and payment method.
Shipping is free on all orders over $500, which is not such a high bar considering the cost of gold. For orders up to $149, the fee is $6.97, and it’s $9.97 for orders between $150 and $499.
Collectible Canadian Gold Coins
The Maple Leaf gold coin is an investment standard, but the Royal Canadian Mint also produces collectible coins that coin collectors love. These include but arent limited to the Superman v. Batman 14kt gold coin, the Canada 150th Voyageur gold coin, and coins from the O Canada Series featuring Canadas national wildlife.
You May Like: How Much Is 18 Karat Gold Per Ounce
Buying Gold Bullion Online With Apmex
Throughout history, Gold has maintained a constant presence and value. The yellow Precious Metals significance cannot be exaggerated, as there is no other metal in the world with its prominence in both history and present-day value. Whether Gold bullion was used in international trade between nations or as a traditional commerce unit, its influence has continued to be the standard by which affluence is measured. Gold bullion transcends language and cultural barriers.
The value of Gold is consistent across the globe. Today, investors buy Gold as a hedge against inflation and market volatility. APMEX carries a large selection of Gold bullion products from bars, coins and rounds, there is something for every investor or collector within our assortment.
Why Is Gold Valuable
In ancient times, gold’s malleability and luster led to its use in jewelry and early coins. It was also hard to dig gold out of the ground — and the more difficult something is to obtain, the higher it is valued.
Over time, humans began using the precious metal as a way to facilitate trade and accumulate and store wealth. In fact, early paper currencies were generally backed by gold, with every printed bill corresponding to an amount of gold held in a vault somewhere for which it could, technically, be exchanged . This approach to paper money lasted well into the 20th century. Nowadays, modern currencies are largely fiat currencies, so the link between gold and paper money has long been broken. However, people still love the yellow metal.
You May Like: Gold In Dubai Online
Which One Should You Buy Gold Coins Or Gold Bars
Gold is one of the most popular metals in terms of investment and sale. Indians buy gold for various purposes ranging from jewelry to investment. Gold is not just about flashy bling but also about substantial savings and returns on the money that is invested in the metal. Buying gold in the form of bars or coins is generally done by customers who are looking at it from pure savings perspective. The value of gold, historically, has always appreciated with time, making it an extremely rewarding metal to own.
The crucial role played by gold in almost all Indian weddings and during all major festivals is what makes customers so drawn towards the yellow metal. There are times when people want to just buy gold in its purest form and keep it for future use. This future use could be getting jewelry made out of it at some point of time later or selling the pure gold after it has appreciated well enough to yield substantial profit. Any customer who is looking to buy pure gold for keeping it as savings, has two forms that can be availed, coins and bullions or bars.
Best Reputation: Golden Eagle Coins
Gold Eagle Coin
Established as a family-owned business, Golden Eagle Coins has a nearly unblemished track record with thousands of positive reviews, making it our choice as the online gold dealer with the best reputation.
Extensive selection of gold coins
Solid online reputation
Limited selection of gold bars
Known primarily for its vast selection of gold coins, including collectible and numismatic coins, Golden Eagle Coins’ started in 1974 and maintains a track record of customer satisfaction that is unmatched, which is why it makes our list as the most reputable online gold dealer.
You can’t help but marvel at Golden Eagle Coins’ extensive selection. In addition to the popular coins, such as American Eagles, South African Krugerrands, and Canadian Maple Leafs, Golden Eagle Coins sells a wide variety of silver, platinum, palladium, and copper coins. Investors can also find a great selection of pre-1933 coins, commemoratives, mint sets, and foreign coins from more than 100 countries.
Also, you won’t find too many dealers that offer historical currency, such as Confederate notes and Colonial currency. Collectors are also impressed with its selection of ancient Arabic, Greek, Roman, and medieval coins.
Golden Eagle Coins’ pricing is very competitive but not nearly as cheap as BGASC or SD Bullion. Its Golden Eagle Coin sells for $2,044, about par with its main competitors. But you go to Golden Eagle Coins for its selection and service, not necessarily for its pricing.
You May Like: How To Buy Wow Gold Without Getting Banned
Purchasing Gold Bullion From Golden Eagle Coins
Purchasing gold for investment purposes has traditionally been a hedge against inflation and weakness in the US dollar. For thousands of years, gold has been a store of wealth and value which continues today. Owning physical precious metals is a strategy of the very wealthy for centuries and although precious metals don’t necessarily need to be your only investment, it may be wise to make them a part of your strategy moving forward.
Offering our customers competitive prices and a wide range of inventory, while also providing a positive purchasing experience, is our top priority. We appreciate honest reviews and are available through our call center or email address, if you have any questions or concerns.
Secure Storage Is Necessary
As gold bullion is valuable, finding a secure storage vault is essential to prevent theft or loss. You can store your gold at a home vault. Other investors prefer storing their gold in a dealers secure vault.
Off-site storage costs money and doesnt give you instant access to your gold if you need to sell it quickly.
Read Also: How Much Is 10k Gold Worth
Gold Coins For Auspicious Occasions
Gifting gold coins on special occasions is an age-old tradition in India. Be it a festival or wedding, baby shower or first birthday of the baby, gold bar or coins come across as the best gifting options. Also, many people buy gold coins to add up to their assets and use them at the time of emergencies. Whatever the reason be you can now buy gold coins online at Malabar.