Buy Gold Info

Buy Gold Sovereigns

by

If you are wishing to make an investment in gold, then you should buy gold sovereigns.  These coins are one of the most popular in the world and they have a ready buyer in almost any part in the world.  The beauty and rarity of the coin is one of its most attractive characteristic which makes it one of the most valuable investments when it comes to gold.  You can buy gold sovereigns in different weights which make it available for almost any type of investor who would like to buy them.

With the unreliability of paper money when it comes to storing and protecting your wealth, gold has become one of the most in-demand investments.  Gold does not lose its value during economic depressions, do not experience any wear or tear, is not destroyed by fire, and increases in value over time and when it comes to gold investing, one can either buy them for their market demand and their economic value.  Both can be obtained by buying gold sovereigns which is one of the more well-known gold coins in the world.  They are popular in Britain, Australia, Africa, Greece, Canada, Serbia and Portugal.  So with such a worldwide following, you would not find it hard to find a buyer who would be willing to pay more than the actual gold that it contains.

Gold sovereigns became popular during the reign of Henry Tudor.  They were used as payments for shipments from the United States by the British monarch.  On its first minting, the coin featured the monarch on one side and a rose with a shield on the other side.  As time went on however, its features have changed into the now known image of St. George and the dragon with the British monarch on the other side.  The coin was first made with 23 carats of gold hence making it one of the purest forms of gold coins known back then.  Then it was changed and was lowered to 20 carats but in modern times, has been changed to 22 carats.

Most gold sovereigns were melted down in the United States during the Depression and so most of them which dates back to the 1800’s have become quite a collector’s item.  The rarity of the coin has made it one of the most sought after gold coin although it is not classified as a numismatist coin.  Buying a gold sovereign would therefore give you two advantages: a rare collector’s item as well as high quality gold content, being one of the purer types of gold coins.

If you are seeking to invest in gold, a gold sovereign would be one of the best assets that you can bring to your portfolio.  They provide a high percentage of gold which is of high value in the market as well as give you an investment which would have a great demand in the future due to its beauty and rarity.  You can buy gold sovereigns in varying denominations: five pounds, two pounds, one, half, and quarter coins.

1 oz Gold Coins

by

Most experts agree that 1 oz gold coins are the best types of investment when it comes to buying gold.  Aside from the ease with which these coins can be stored, they also entail lesser expenses for the buyer.  The characteristics of this type of coin make them one of the most sought after coin in the market in terms of investing.  The one ounce coin has been the most popular in the Western hemisphere and has become a sort of standard when it comes to buying gold coins.  Aside from that, you can easily know how much your coin is worth since the amount or price of gold at the market is usually expressed in terms of one troy ounce.

One ounce gold coins became a fad with the advent of the African Krugerrand.  This coin, which was made from a lower karat of gold but has a weight of one ounce, became popular with investors since they are able to get a larger amount of gold at a lesser premium.  Most of the coins that time were smaller in weight but could be bought at a higher price only due to the cost of production.  With the lesser premiums came greater demand for the coinage which was produced by South Africa.  Although this demand was checked by the temporary ban on the coin due to the apartheid system during that time, it nonetheless left its imprint in the international market for gold.

After this, other countries began developing their own one ounce gold coins – the Australian Kangaroo, the Canadian Maple Leaf, the Chinese Panda, the Austrian Philharmonic, and the American Eagles and the American Buffalo.  Most of these coins are made from 24 karat gold exempting the American Eagle which has an alloy to make it sturdier against handling.  Pure gold is very soft and is not good if handled too much or dropped.  They are easily disfigured but with an alloy, it becomes more viable for storage.

Compared with other sizes, the one ounce coin is still considered to be the best when it comes to investing purposes.  The smaller types of coinage have higher premiums than that of the one ounce coin since the cost of production is usually just the same but the gold content is lesser.  Larger pieces such as ten-ounce and one-kilogram coins are just not that easily to transport and cannot be divided or split easily if you are in need of smaller quantities.  Hence, these types of coins are usually produced at lesser quantities and are only bought for other purposes aside from investing.

[ad name=”Content”]

Aside from these reasons, it is also good if you can easily assess the value or worth of your gold at the current market price – which is expressed in one-ounce terms.  When investing, information is definitely a good device.  So if you can easily compute your investment’s worth – which is in one ounce coins – then it will be better for you. One ounce gold coins are definitely a better choice when thinking of investing your wealth in gold coins.

Gold Dinars

by

Gold dinars are now being suggested by the Malaysian government as a means of exchange in the Arab countries. Although a gold dinar has been used during the seventh century by Islamic rulers, the coin has since stopped circulation and minting due to the common wars and other political and economic problems that those rulers incurred during their reign. But now, the use of the gold dinar is being proposed as a way of either ending the dependence of the Islamic world in the gold of European and Western countries and also to take some control in the global economy.

It was in 2003 that the Malaysian Prime Minister proposed to create a gold dinar in order to boost the economy of the Arab countries and also to be a means of exchange for the trades that are done between Islamic nations. It will perhaps be a way of equalizing the differences between the various Arab currencies who in their own are experiencing some economic problems. So, with this in mind, the Arabs are now finding a way on how they can even out the problems that the Arab countries are now facing.

It is not yet known which country would be producing the gold dinars and what they would weigh exactly but if they will be used as a contender for the gold bullion coins that are now being used and circulated in the world, then they would probably be at about one ounce being a standard unit of measure for bullion coins. Aside from that, they may try to catch up with the purity of the Canadian Maple which is pure gold. If the coin will be produced in Malaysia, then it will probably have a face value based on the Malaysian currency which is the Ringgit. According to some sources, it might probably be about the same weight that was used by the earlier versions of gold dinars which is about .12 of an ounce.

If the idea will be carried out in the future, then the West will definitely have a tough competitor for the gold bullion market. Aside from the current leader, the Krugerrand, there will then be a lesser consumption from the Arab nations as they produce a gold coin of their own. Aside from the gold value of the coin, it will also even be used as a currency which will make it as a standard unit of trade in the Arab countries. There has been a push recently by some countries to stop dealing in the U.S dollar in exchange for buying and selling gold dinars in exchange for goods, and commodities.

[ad name=”Content”]

If this will be the end result of the production of Arab gold dinars, then there will definitely be a change in the world economy in the future. Since the price of gold is usually dictated by demand, then a lessening of the amount purchased will produce a significant effect on the price of gold in the international market. Although this might mean some possible disaster for some, it may a great boost for the failing Arab economy in the future. Aside from that, it will give them a type of identity in the area of gold coins. 

Gold Proof Coins

by

Coin collecting with gold proof coins can be an effective way of investing your money in gold. Placing your money in gold is a good way of preserving and even increasing the value of your money for the years to come. Since gold is one of the commodities in the market which continue to improve their value, it is only a matter of common sense to invest in this precious metal. There are a lot of reasons for investing in gold and beauty is one of them. Those who are in the lookout for excellent specimens for a recently released gold coin may often opt for the proof type of coins which have a much clearer outline of the coin’s design and also a mirror like effect which is much preferable if you like to collect coins with an excellent form.

Although these proof coins actually costs a lot more than the regular or bullion types, there is a something more special when you buy gold proof coins. They are made from specially made blank coins which are manually fed to a press which has a special die made for proof coins. Some dies are also especially made for proof type of coins which adds to the cost of production since they would need to make another die. They are pressed repeatedly about three or four times in order to get that mirror like effect on the coin. This is one of the reasons why proof coins actually cost much more than the bullion types. The cost of producing these coins help increase the price of the coin whereas it also contains the same amount and karat of gold as the normal ones.

Proof coins are usually bought by gold coin collectors who can afford to spend that much on a same coin which only is made with a more detailed process and also a better blank. But although the designs are just the same, the quality of the image is much better in a proof coin. This is why most precious metal coin collectors will prefer the proof type rather than the bullion type. It is for the image in the coin and its quality which they are after and not on the actual gold itself. This characteristic of the coin also helps increase its selling value which although may not match for its increase value due to gold content, may be an leverage factor in buying such a coin.

[ad name=”Content”]

The limited numbers of proof coins that are produced make them also much expensive to buy even when they are bought second-hand. Some mints produce only about a hundred making their scarcity a determining factor in pricing the coin. Aside from this, proof coins are also packaged differently than the normal ones being packed in individual cases made from either leather or wooden boxes, giving a good way of showcasing the coin for your friends and relatives. Either way, if you are buying gold coins to enjoy their design, proof coins would be the best way of getting them.

Worlds Largest Gold Coin Worth at Least 50 Million Dollars

by

The Australian mint has just produced the world’s largest gold coin. The coin is worth more than $50 million and weighs an amazing 1000 kg which is the equivalent of 2.2 tons. The giant gold coin resembles a massive disk that features a kangaroo on one side and the Queen’s profile on the other side.

The coin weighs 1 metric tonne, is made of 99.99% pure gold, and measures 80 cm wide, by 12 cm deep. The coin is official Australian legal tender and is now officially the biggest gold bullion coin in the world. The purity from the Perth mint is guaranteed by the West Australian government. It took 18 months in total to produce the coin.

The coin was minted at the Perth mint in Australia. The CEO of the Perth mint named Ed Harbuz is recently quoted saying that releasing the coin was, “an incredible challenge, one which few other mints would even consider.” This record-breaking gold coin is at least 10 times the size of the next largest gold coin in the world. It has a denomination 1 million Australian currency, however the coin is worth much more due to its gold content. Perth Mint chief executive Ed Harbuz said the coin is “the pinnacle of ingenuity and innovation.”

The next largest gold coin was made in Canada by the Royal Canadian mint. CEO of the Perth mint, Harbuz said this about the competition for the world’s largest, “we thought well, we’d better make it so much bigger that it’ll stay the biggest coin in the world for a long time.”

http://www.youtube.com/watch?v=uaCOn9uDW6U