Gold Coins: 2 Reasons Why This Is A Handy Investment Choice

The question of gold is a heavy one: there are times when pundits decry it as a fool's strongbox

, and other times when it's the safest haven in tumultuous times. But for lay investors, gold coins are the easiest way to get into market, if for no other reason than its size.

A gold bar weighs a full ounce, and can be quite difficult to distribute or resell compared to government-backed gold coins. Sinking all that money into a bar of metal is a bigger decision than most veteran investors imagine, especially when times are getting hard throughout the world.

*What Is It With All These Animals: Every state likes to stamp their coinage with their own emblems. For America, it is the quintessentially American Eagle and Buffalo, although now that coins have been elevated to secondary circulation status, St Gauden might feature from time to time.

The most important figure in all this is the premium you pay over and above the current gold market value. The national mint itself takes a paltry 4% above the market rate, and retailers with a conscience will add on a maximum of three per cent. So anything more than 8% generally indicates one of two things: either it is a commemorative issue, or they are trying to fool the first-time buyer into a glittering scam.

*Online Gold That Doesn't Come From Farmville: These days, investors can purchase gold coins from a large variety of trustworthy online retailers. It saves you the bother of making inane phone calls or filling unwieldy mail order forms, but as with all e-commerce transactions, it is imperative that you take an extra look at the sellers' legitimacy. Reviews are generally a good indicator so long as there are enough of them - and the real ones will always get a few "meh, it's okay I guess" responses - but if you feel like the site offers a scintillating ride to financial ecstasy, run for your life.

If you are concerned with storage and security, a safe usually does the trick because gold coins are by nature very compact. Some companies offer storage facilities which means that you will be holding a receipt worth its weight in gold. While this arrangement might seem a bit off-putting, remember that gold receipts are the predecessors of banknotes and everything in modern finance. Indeed, gold sellers have been a lot longer than bankers, and for very good reasons at that.

by: Adrian Getty

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