Buy Gold Coins
In this video you’ll learn more about how to buy gold coins. Many new gold investors immediately think they should be buying gold bars. However, this mindset is typically because people associate buying gold with the gold bars you see on the TV. Most gold bar buyers are large investors who invest over one million dollars in their gold holdings in 400 ounce bars and have them stored in a depository. Smaller investors usually buy gold bullion coins because they allow for greater flexibility and availability. There are several popular coins to choose from. One is the Canadian Gold Mapleleaf by the Royal Canadian Mint which contains exactly one ounce of gold. Another choice for gold coin investing is the U.S American Eagle coin which is 90% and contains exactly one ounce of gold. There’s also the U.S Gold Buffalo which contains .9999 of fine 24-karat gold. These coins are actively traded and can be often purchased in amounts of ten or more for 5 1/4% to 5 3/4% over the current price of gold. These coins can also be easily sold at about 3 1/2% which makes investing in these coins affordable for the small investor. You can take delivery of your gold coins at home and have them on hand when you need them.
Gold Investing – Why Invest in Precious Metals
In this video Barry Stuppler shares some advice about why you should invest in gold. The main reason you should invest in gold right now is to protect your assets from currency devaluation. you can protect against the governments devaluation of their currency by transferring funds from paper money holdings to gold EFT or bullion. Gold has traditionally done very well in times of political unrest. Currently the Euro is experiencing major fluctuations and upheaval. Gold investments can be a good hedge against turbulent times. Gold has increased in value 300% in the last 8 years. Diversifying your investment holdings with a 20% hold in gold has been proven to be a smart choice. Historically gold has proven to be the best way to preserve value.
Gold Declines As The Dollar Gains Strength
Gold fell to the lowest levels in 6 1/2 weeks as news that increased home sales boosted the U.S dollar. The stronger dollar pressured metal prices overall into a decline, however the drop was stalled due to bargain hunters. Volume is expected to be mild for the duration of the holiday trading week
On the New York Mercantile Exchange’s Comex division gold for December delivery fell $20.10, or 1.8%. (To read more)
Gold Coin Dropped in Salvation Army Kettle
It was a great day at the Summit Ohio Salvation Army Thursday when someone dropped a gold coin valued at near $1200 into the collection kettle. Salvation Army spokeswoman Olivia Wakeling for Summit County said, ” It’s so exciting!”
Anonymous donors have been dropping gold coins into Salvation Army donation buckets since the 1980’s. However donations like this are well received with the down economy creating a greater need for charitible donations.
There have been other valuable coins donated over the past year in states such as Illinois, Pennsylvania, Tennessee, Indiana, Connecticut, and Washington. (Read the whole story)
Gold Prices Have Soared to Record Highs
With all the printing of money going on around the world gold investing has become the ultimate safe haven for a hedge against weakening currencies and inflation.
India’s central bank has just purchased 200 tonnes of gold from the International Monetary Fund. The 6.7 billion dollar purchase surprised the markets and was the biggest single central bank purchase over such a short period over the last 30 years.
The IMF plans to sell about 400 metric tonnes of gold this year in order to increase its finances and increase lending to developing countries.
Gold Price Per Ounce hits Near Record of $1,150 oz
Today gold prices hit a record high of $1,147.45. This coincides with a weakening of the U.S dollar with the news from the Federal Reserve that interest rates may not rise again until 2012. Major concerns with a sluggish U.S recovery combined with possible inlation is providing support for gold.
“I think what we’re seeing is gold is surprising most people in the market. It’s rising faster than the dollar is falling, so it’s got its own drivers now,” said Rebecca Patterson, head of global foreign exchange and commodities at J.P. Morgan Private Bank.
An additional factor that helped fuel gold prices today was the news that John Paulson an influential hedge fund manger is using 250 million of his own capital to launch a new gold fund.
Price of Gold Hits Record High
Today the price of gold hit a record high at $1,043.30 an ounce, while the dollar dropped due in part because of a report that the Gulf Arab states were considering abandoning the dollar.
Countries like Russia, Saudi Arabia, Japan, China, and France have been rumored to be in talk, and there’s speculation that they may attempt to replace the U.S currency with a basket of currencies. This rumor has been denied by Saudi and Russian authorities.
If the Dollar continues to decline it could push the price of gold to new highs. Metals like platinum and silver have also seen gains as gold has climbed in value.
Gold Investing
Investing in gold provides great security in turbulent financial environments, especially considering its track record of maintaining long-term value. Often gold is not directly impacted by a countries fluctuating currency and credit risks. For these reasons and more gold is a secure investment that’s been proven reliable for years.
Over the past two hundred years gold has kept pace with inflation. In the last few years an investment in gold has greatly exceeded a similar investment in the S & P index 500 stocks. In fact since 1999, gold has increased in value by more than 200%, while a vast amount of stocks have actually lost value.
An interesting thing to note about gold investing is its ability to move independent of key economic data. Increasing your holding in gold can greatly offset a portfolios overall risk and protect you from stock price fluctuations. Diversification in gold is a great hedge against relying only on traditional financial assets like mutual funds, bonds and stocks.
You can invest in gold in a variety of ways. There’s gold mining equities which are often put together as gold-oriented mutual funds. Gold stocks, futures and mutual funds are another way to increase your holdings. In addition you can also buy physical gold bullion, gold coins, or bars of gold. Overall buying gold is a significantly less volatile way of investing during times of economic uncertainity and can be a great way to add much needed security to your portfolio.
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How to Survive the Dollar Collapse
How to Survive the Dollar Collapse
Once the world’s reserve currency, the dollar was at one time the currency that many governments depended on for security. Unfortunately, those days are passing. Due to massive debt load, reckless spending, and huge trade deficits the dollar is entering a period of uncertainty.
One of the main reasons the dollar has maintained it’s value even after worsening trade deficits that add up to trillions, is that countries continued to purchase US treasury bonds. Countries like China lent out trillions in loans so we could continue the process of buying their exports and running up credit.
Recently, China and Brazil have announced their resire to head towards using their own currencies in trade transactions rather than the US dollar.
Luiz Inácio Lula da Silva, Brazil’s president and Hu Jintao, China’s president, have discussed the idea of dropping U.S currency at the recent G20 summit in London. Talks surrounded around implementaion of a currency swap which will in effect utilize each countries own currency or an alternative international reserve currency.
China’s currency the Renminbi and Brazil’s Real will most likely be used instead of the falling dollar. Widespread use of the Renminbi and the establishment of it as a regional reserve currency will promote China throughout Asia, and increase their political clout.
Where does all of the uncertainty leave the U.S dollar and it’s potential for collapse? During these times of rapid financial upheaval it’s wise to note that gold protects against currency declines, government crisis and credit defaults. an investment in gold ensures you long term security and stability while market indicators show a murky U.S dollar outlook.
