The Most Affordable Gold Coins for New Investors
Mexican Gold Pesos are available in various denominations
Mexican Gold Pesos are available in various denominations
According to a report from Kitco, the Costco’s gold bullion sales have become a significant driver of its online sales, with reports of double-digit increases in gold sales over the past three months.
Buying gold with Bitcoin is becoming a more popular option for investors, and the allure of potential anonymity adds to this trend.
The spot price of gold rocketed past $2,400 per ounce in Asia this morning, topping out at $2,429.70 before the tamp down by the Wall Street after the New York opening bell. By afternoon, the price had settled down to around $2,342, $87 lower.
Even though gold prices continue to trend upwards, consumers demand for gold in the United States keeps getting stronger.
Fractional gold coins are one of the easiest and most affordable ways to buy gold coins. However, modern fractional gold coin premiums can seem extremely high relative to their full troy ounce counterparts.
Fractional gold coins have been circulated as currency for hundreds of years. As a result there are many different vintage fractional gold coins available that carry a lower premium than their modern equivalents.
Earlier this year, the US Government hit a new milestone. The amount of government debt in the United States has grown to exceed $33.88 Trillion as a result of overspending by elected officials. The growing U.S. government debt is a complex issue with significant implications for American citizens and taxpayers.
For those who have difficulty saving money, adopting the practice of using precious metals can provide you with the discipline needed to build a larger savings. While bullion can be sold fairly easily, it may take more time than transferring money from a savings account.
Bullion is a physical asset that you can hold in your hand with no counter-party risk. Once you own bullion, you don’t depend on anyone else’s ability to pay, as you do with a bank savings account.
Interest rates and the price of gold often have an inverse relationship. Low interest rates don’t keep pace with inflation and the opportunity cost of holding gold bars is more attractive as a savings vehicle.
China’s central bank continues its buying spree that has so far spanning six months. In April, the bank added an additional 8.09 tons of gold to its reserves, now topping 2,076.47 tons.
Minted during the 1800s and early 1900s, 20 Francs Gold Coins are among the most popular gold coins for investors due to the low premiums.
It is very common throughout Asia to own high karat gold jewelry as a store of wealth.
New bullion jewelry options are now available to 24k gold investors that go beyond your typical fashion accessory.