|
Gold Coin Collecting - Where Should a Beginner Start? You've decided to begin a gold coin collection to hedge against inflation but have no idea where to start. Since you don't know a dubloon from a doorknob, the task seems a bit daunting and may prevent you from taking advantage of this excellent investment. Fortunately, there are many coins readily available in the market today which can ease your way into your gold coin collecting. Begin your collection by buying one-ounce national gold bullion coins.The United States, Canada, Australia, and South Africa all mint special national coins that contain one ounce of fine gold. The American Gold Eagle, Canadian MapleLeaf, Australian Nugget and South African Krugerrand are all outstanding coins. There are several key advantages that one-ounce national gold bullion coins have for gold investors. First,you get the most gold for your dollars as they have a low premium over content compared to other forms of physical gold. This means there is just a small mark-up between the spot price for gold and the price of the coin. Second, these one-ounce national gold bullion coins are immediately recognized worldwide. You can easily sell Australian Nuggets that you purchased in Australia in any coin store in America or anywhere else in the entire world. Third, gold coins are easy to store. Because of their small size,one-ounce gold bullion coins will also fit into all kinds of secret hiding places around your house. Unless you brag to all the neighbors, no one will ever know you have a fortune in a shoebox in the closet. Lastly, with gold coins you can easily sell any part of your physical gold portfolio you wish at any time. If you buy 100 gold coins and later you need to sell some to raise some cash you can take 1, 10, or as many gold coins as you need out of your gold investment to sell immediately. It is impossible to sell just a fraction of a bar of bullion. National one-ounce gold bullion coins are the perfect starting point for any new gold investor. |
|