Sabtu, 20 Agustus 2011

Gold Coins

Buy gold coins or small gold bars and you can hold them in your hand, or possibly in a safe deposit box. Your gold is delivered (good), and in your possession (bad in large quantities).
You should try to get insurance cover if you buy a significant quantity, but this is not always easy, and of course you have to declare that you own gold in order to insure it, which you might not wish to do.
You will certainly find there is a significant premium on purchase price and a significant discount at sale, and this will dent your profits if you are buying for investment. Expect to lose about 8% this way, perhaps a little more in single coins and smaller denominations, or a little less in bulk.

You could find that you become a trapped owner should a financial meltdown occur. You may also discover your gold is not easily liquidated if - for example - exchange controls are implemented in the country where you live.
In spite of the drawbacks many people who buy a significant quantity of gold for investment offshore do keep a much smaller reserve in coins. This 2006 USA Liberty 'Buffalo', which is 1 oz and 99.99% pure gold, is owned by BullionVault's director, who thinks that while it may lack the investment efficiency of offshore good delivery bars, it is nevertheless very pretty. He paid a premium of 7% over spot and like most people who own coins has never yet tried to sell it.
It is relatively straightforward to buy gold coins. A search of Google for "gold coin dealers" will quickly produce some suppliers. Watch out for the big difference between numismatic coins and bullion coins. Bullion coins like the one pictured have no value as a collectible, and their worth is based only on their gold content.
Numismatic coins are for collectors. Their values vary according to any number of variables not related to bullion gold values.


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