A Guide To Starting Gold Coin Investing

Gold is, and always has been, one of the safest forms of investment, as this precious yellow metal is recognized and accepted worldwide, and gold coins are a great way to gradually amass wealth. There are, of course, many different types of gold coin out there, and if you wish to combine collecting with investing, you couldn’t pick a better commodity than gold coins, and with that in mind, here are a few tips to get you started.

  • Do Some Online Research – This will educate you about gold coins and the more you know, the less likely you are to make a mistake. There are many forms of gold coin and some are pure, such as the American Buffalo and the Canadian Maple leaf, while others are alloyed with silver and copper, as with the South African Kruggerand and the American Gold Eagle.
  • Decide On Your Strategy – If you are looking to collect gold coins purely as a form of investment, that is fine, or you may wish to acquire some rare coins, in the hope that they will appreciate more than just their face value. If you want to start with the American Gold Eagle and other common coins, City Gold Bullion is where you can buy a wide range of gold bullion Brisbane investors such as yourself are looking for, as they would have a variety of gold coins to choose from.
  • Not A Short-Term Investment – If you are looking for a short-term investment, perhaps gold coins are not the best of choices. Experts say you should keep gold coins for a minimum of 3 years, and even then, you are not guaranteed a return. Gold coins do, however, provide a good hedge against inflation, and by investing in coins like the American Gold Eagle, the Canadian Maple Leaf and the American Buffalo, you would be able to sell them to any reputable gold bullion dealer.
  • Always Take Physical Possession Of Your Gold Coins – Ask any seasoned investor and they will gladly confirm that you should always take physical possession of any gold coins you purchase. If you search online for a reputable gold dealer in your area, you can then pay them a visit and take the gold coins with you. If a dealer ever offers you a note of ownership, politely decline and insist on taking physical possession of all coins you buy.
  • Storage – Obviously, you need to keep your gold coins in a safe place, and burying them in the garden is not a good idea, as if anything happened to you, they would remain hidden forever. Most small investors rent a safety deposit box at a nearby bank, which means you can access them whenever the bank is open for business, while others have a concealed safe fitted at home, which also works well.

By gradually acquiring a collection of gold coins, you are diversifying your investment portfolio. The longer you have the coins, the more valuable they will become, and who knows? You could bequeath the collection in your will to a close family member.

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