When first deciding to invest in physical gold, it is important to know the kind of physical gold to invest in. This decision will be determined by what is expected from an investment. If you are looking for an investment to protect your wealth from inflation and get the most gold for your money, gold bars would be a good investment. If you are looking for an investment that can protect your wealth from inflation but still have a chance of increasing your wealth through numismatic value, gold bullion coins would be a good investment. If you are looking for an investment that can increase in value over time but not the risk of losing all your money over night like a stock, numismatic or collectible coins would be a recommended investment.
When you have decided on what kind of physical gold to invest in, the next step is to research the specific gold coins or gold bars that have the qualities you are looking for in an investment. The next step is to research what businesses or websites are selling the coins or bars you are interested in. After finding a number of businesses or websites that are selling the gold coins or gold bars that you are interested in, it is important to research the businesses to see if they are trustworthy and have a return policy. When you narrow down the gold dealers that fulfill all these criteria, buy from the dealer with the lowest price.
It is important to also calculate the shipping cost and insurance if any. Getting started investing in physical gold does take a bit of research when first starting off, but the research can save you time and money the next time you are purchasing physical gold. Gold is one of the easiest investments out there, but by following some of the information you read here; investing in physical gold will become a bit easier.
Investing In Gold Bullion, Gold Coins Or Gold Bars
tremendously to make the right decisions. If your main goal of investing in gold is to protect your wealth from inflation, it is recommended to invest in gold bullion. Gold bullion is gold bars and gold coins that are usually a little above spot price. If you do decide to go with gold bullion you also have to decide if you will want the most physical gold for your money or if you want to invest in a form of gold that can build numismatic value over time.
If another goal is to get the most gold for your money, it is recommended that you invest mostly in gold bars. Gold bars usually cost less to produce than gold coins, and in turn is usually less expensive than gold coins. One of the major differences between bullion gold bars and bullion gold coins is not only the price, but gold coin’s ability to build numismatic value over time. Gold Coins because of the date struck on them, can easily be dated. Older gold coins will usually cost more than newer coins of the same kind. Over time this price difference can become significant.
As an investor you can choose to invest in both gold coins and gold bars. Gold bars will give you the most gold for your money and gold coins will give you a chance to increase your wealth through the increase of its numismatic value. If the main goal for investing in gold is to protect your wealth from inflation, gold bullion whether it is gold bars or gold coins is the way to go.
If another goal is to get the most gold for your money, it is recommended that you invest mostly in gold bars. Gold bars usually cost less to produce than gold coins, and in turn is usually less expensive than gold coins. One of the major differences between bullion gold bars and bullion gold coins is not only the price, but gold coin’s ability to build numismatic value over time. Gold Coins because of the date struck on them, can easily be dated. Older gold coins will usually cost more than newer coins of the same kind. Over time this price difference can become significant.
As an investor you can choose to invest in both gold coins and gold bars. Gold bars will give you the most gold for your money and gold coins will give you a chance to increase your wealth through the increase of its numismatic value. If the main goal for investing in gold is to protect your wealth from inflation, gold bullion whether it is gold bars or gold coins is the way to go.
Gold And Financial Independence
Gold as a store of wealth is independent of any government or organization. Gold unlike fiat currency is independent of any nation’s financial policy. This means if a nation all of a sudden started to implement unsound fiscal policies, your wealth being in gold would have a better chance of escaping any bad repercussions. With fiat currency you are dependent on the state or the central bank not to inflate or collapse the currency. With the perfect track record of all fiat currencies becoming worthless in less than one hundred years, it’s a dependency that will eventually fail.
Gold because of its six thousand year old track record of holding wealth means its one of the safest ways to store wealth. Gold is not even dependent on the organization that minted it. If a mint that made gold coins or gold bars went out of business the gold coins or gold bars would still be worth something. In fact in some cases when a gold coin is not being produced anymore, it starts to build numismatic value more rapidly.
Another aspect of gold and financial independence is the financial privacy you get with gold. By having financial privacy it will be easier to transfer wealth to your love ones or anyone else without state impose restrictions. Without financial privacy you will be dependent on the state laws to be just. If the laws are not just and you don’t have financial privacy, you could have your wealth confiscated. Gold because of its time tested reliability will remain one of the best ways to become financially independent.
Gold because of its six thousand year old track record of holding wealth means its one of the safest ways to store wealth. Gold is not even dependent on the organization that minted it. If a mint that made gold coins or gold bars went out of business the gold coins or gold bars would still be worth something. In fact in some cases when a gold coin is not being produced anymore, it starts to build numismatic value more rapidly.
Another aspect of gold and financial independence is the financial privacy you get with gold. By having financial privacy it will be easier to transfer wealth to your love ones or anyone else without state impose restrictions. Without financial privacy you will be dependent on the state laws to be just. If the laws are not just and you don’t have financial privacy, you could have your wealth confiscated. Gold because of its time tested reliability will remain one of the best ways to become financially independent.
Why Gold Is A Good Long Term Investment
Gold is one of the best investments to own on a long term basis. The reason for this is some of the properties gold possesses making it ideal for the long term. One of these properties is gold’s durability. Gold does not rust or tarnish making it suitable for long term storage. In fact when gold is lost at sea and found years or centuries later, it comes out of the ocean just as good as new.
Another property that gold possesses that makes it good as a long term investment is gold’s ability to hold wealth. Gold has a six thousand year old track record of holding wealth. All fiat currencies become worthless in less than one hundred years, in fact no fiat currency can buy the same amount of gold it could of the day it was first issued. A chart of any nation’s currency purchasing power over time will have a downward trend. By investing in gold on a long term basis it will protect an investor’s wealth from erosion due to inflation.
One last property that gold possesses that makes it good as a long term investment is gold’s portability. Gold because of its ability to store a large amount of wealth in a small package makes it ideal to transport from place to place. An added bonus is gold is more private and has less counterparty risk than a bank account. Gold because of its durability, its ability to hold wealth, and its portability, makes it one of the best investments to own on a long term basis.
Another property that gold possesses that makes it good as a long term investment is gold’s ability to hold wealth. Gold has a six thousand year old track record of holding wealth. All fiat currencies become worthless in less than one hundred years, in fact no fiat currency can buy the same amount of gold it could of the day it was first issued. A chart of any nation’s currency purchasing power over time will have a downward trend. By investing in gold on a long term basis it will protect an investor’s wealth from erosion due to inflation.
One last property that gold possesses that makes it good as a long term investment is gold’s portability. Gold because of its ability to store a large amount of wealth in a small package makes it ideal to transport from place to place. An added bonus is gold is more private and has less counterparty risk than a bank account. Gold because of its durability, its ability to hold wealth, and its portability, makes it one of the best investments to own on a long term basis.
The Different Shapes Of Gold Bars
Gold bars are manufactured in a variety of different shapes depending on the manufacturer. One shape gold bars are manufactured in is rectangular minted bars. Minted bars are made by cutting blanks out of sheets of gold. After the blank is cut out the name of the manufacturer, the size and the purity of the bar is struck on the bar.
Another form of rectangular gold bars is cast bars. Cast bars are gold bars that are made by pouring molten gold into a mold. When the gold cools and solidifies, it is usually immersed in water to bring to room temperature. After the bar is room temperature, the name of the manufacturer, the size and the purity of the bar is struck on the bar.
Cast gold bars because of the process it is made can be any shape. The shape is determined by the shape of the mold the molten gold is poured into. Another shape gold bars are manufactured in is squared bars. Some Gold Tola Bars depending on the amount of gold it contains can be manufactured in a square like shape.
The last two shapes gold bars are manufactured in are boat shaped and doughnut shaped. The gold bars that are made in these shapes are known as Gold Tael Bars. Not all Gold Tael Bars are manufactured in these two shapes; some are also manufactured in the common rectangular shape. Gold Tael Bars are usually manufactured in East Asia. Gold because of its ability to take many shapes is one of the main reasons why gold bars come in a large variety.
Another form of rectangular gold bars is cast bars. Cast bars are gold bars that are made by pouring molten gold into a mold. When the gold cools and solidifies, it is usually immersed in water to bring to room temperature. After the bar is room temperature, the name of the manufacturer, the size and the purity of the bar is struck on the bar.
Cast gold bars because of the process it is made can be any shape. The shape is determined by the shape of the mold the molten gold is poured into. Another shape gold bars are manufactured in is squared bars. Some Gold Tola Bars depending on the amount of gold it contains can be manufactured in a square like shape.
The last two shapes gold bars are manufactured in are boat shaped and doughnut shaped. The gold bars that are made in these shapes are known as Gold Tael Bars. Not all Gold Tael Bars are manufactured in these two shapes; some are also manufactured in the common rectangular shape. Gold Tael Bars are usually manufactured in East Asia. Gold because of its ability to take many shapes is one of the main reasons why gold bars come in a large variety.
Why Gold Is A Good Asset
Gold as an asset has many qualities that are beneficial. One of these qualities is gold’s ability to store wealth. Gold has a six thousand year old track record of holding wealth. In fact gold coins and gold bars can hold wealth even if the organization that minted it goes out of business. Stocks and Bonds on the other hand are dependent on the solvency of the organizations that issued them. Fiat currency is another debt based instrument that is dependent on the solvency of the entity that issued it.
Another quality that gold has that’s beneficial is gold’s low to no maintenance. Gold coins and gold bars once you own a safe, will cost nothing to keep and over time can appreciate. Other assets like real estate will cost money to maintain and if it appreciates can require more to be paid out in taxes. Also governmental policies can change which in turn may cause property taxes to increase or tax breaks to be cut.
One last quality that gold has that‘s beneficial is gold’s ease to liquidate. Gold coins and gold bars are one of the easiest assets to sell. In fact most places that sell gold will usually also buy gold. With the recent economic events and the problems with companies owning illiquid assets, owning an asset that has been time tested to be easy to liquidate under most economic situations is truly beneficial. Gold because of its ability to store wealth, its low to no maintenance cost and its ease to liquidate, will always be a good asset to possess.
Another quality that gold has that’s beneficial is gold’s low to no maintenance. Gold coins and gold bars once you own a safe, will cost nothing to keep and over time can appreciate. Other assets like real estate will cost money to maintain and if it appreciates can require more to be paid out in taxes. Also governmental policies can change which in turn may cause property taxes to increase or tax breaks to be cut.
One last quality that gold has that‘s beneficial is gold’s ease to liquidate. Gold coins and gold bars are one of the easiest assets to sell. In fact most places that sell gold will usually also buy gold. With the recent economic events and the problems with companies owning illiquid assets, owning an asset that has been time tested to be easy to liquidate under most economic situations is truly beneficial. Gold because of its ability to store wealth, its low to no maintenance cost and its ease to liquidate, will always be a good asset to possess.
The Different Units Gold Is Weighed In
Depending on what part of the world a gold bar is manufactured or the manufacturer’s preference, the weight unit a gold bar is weighed in can vary. In most nations where English is the first language, manufacturers usually will use the troy ounce as the unit in which gold is determined in. One troy ounce is equal to 31.1034768 grams. The troy ounce is distinct from the avoirdupois ounce which is 28.349523125 grams. The spot price of gold is what one troy ounce of gold is selling for at a given time.
Another unit which gold bars are weighed in is Grams. Gold bars that are weighed in grams can vary from one gram to a thousand grams (one kilo gold bar). Some of the most common sizes of gold bars that are manufactured in grams are 1, 2.5, 5, 10, 20, 50, 100, 250, 500, and one kilo. The next unit which gold bars are weighed in is Tolas. Some nations that use the tola to weigh gold are India, Pakistan, Bangladesh, Nepal, and Singapore. The tola was the weight of the silver rupee coin issued by the British East India Company. One tola is equal to 11.6638038 grams or 0.375 troy ounces.
One last unit which gold bars are weighed in is Taels. The tael was used in many eastern Asian nations and can vary from nation to nation or region to region. In China and Taiwan a tael is equal to 37.5 grams; in Hong Kong a tael is equal to 37.8 grams. Gold tael bars usually come in three shapes biscuits, doughnuts, and boat shape. The unit in which gold bars are manufactured and weighed in can vary from culture to culture, but thanks to the metric system gold bars can be compared a little easier.
Another unit which gold bars are weighed in is Grams. Gold bars that are weighed in grams can vary from one gram to a thousand grams (one kilo gold bar). Some of the most common sizes of gold bars that are manufactured in grams are 1, 2.5, 5, 10, 20, 50, 100, 250, 500, and one kilo. The next unit which gold bars are weighed in is Tolas. Some nations that use the tola to weigh gold are India, Pakistan, Bangladesh, Nepal, and Singapore. The tola was the weight of the silver rupee coin issued by the British East India Company. One tola is equal to 11.6638038 grams or 0.375 troy ounces.
One last unit which gold bars are weighed in is Taels. The tael was used in many eastern Asian nations and can vary from nation to nation or region to region. In China and Taiwan a tael is equal to 37.5 grams; in Hong Kong a tael is equal to 37.8 grams. Gold tael bars usually come in three shapes biscuits, doughnuts, and boat shape. The unit in which gold bars are manufactured and weighed in can vary from culture to culture, but thanks to the metric system gold bars can be compared a little easier.
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