Coin collecting as an investment
There are various ways to build your life in a way you enjoy it. Some people seek for adventure, others for stability and tranquility. When investing in gold, you should consider having a combination of both – great adventure and stability:
- Gold showed itself to be the most reliable asset throughout the time flow. Whether there are wars or crisis, inflation, gold keeps its’ value even when any other assets are falling down.
- For example by investing in gold coins you will not only collect some bullion value, but you can touch different sites and lessons of history, you may travel in different corners of the world.
So what are the real advantages of a gold coin investment that you should know before start?
- Gold has a stable value, even in the toughest times
- Owning and possessing of gold bring a lot of pleasure
- For the last 40 years it had a considerable growth in value
- It doesn’t depend on any currency
- The value of your bullion will be enhanced by value of your coin (i.e. age of the coin: the rarest – the most valuable )
Thus, you are sure that gold coin investment is for you. What are the best criteria you should follow when looking for a potential investment?
Firstly, it is highly suggested to invest into government mints. Private firms can also create collectibles themselves, even from precious metals.
Secondly, you should take into account that gold investment and gold coin investment are two different concepts – gold investment is mostly based on a market price of gold. Gold coin investment is a lot more diverse and has a lot of ways to improve its’ value. There are a lot of different factors causing value change of a gold coin, like – rarity (the current number of coins in the world makes a considerable difference in price); age (the older the better); amount of bullion (more gold Oz the better); defects (coining error, historical causes etc) and many others.
Thirdly, always buy gold coins from reliable distributor or a financial entity. If you have no confidence in a partner you are dealing with, ask to verify gold coin authenticity first.
Never keep you golden coins at home, rent some safe at bank and keep them there.
28 02 2018