August 21st, 2013 — 9:29pm
There are dozens of reasons to own gold. We’ve already shared with you some of them, but today we want to share with you even more reasons so that you’ll have absolutely no doubts that you have to own gold.
1. Gold is the best way to store your wealth
Gold has been used as a store of value for thousands of years. There’s no safer bet than gold if you want to preserve your wealth over time. Gold is money and will be money – experiment with fiat currency will soon end when nations will collapse.
2. Gold protects you against inflation
Prices all around the world are constantly on the rise, and gold is one of the best ways to protect yourself against rising prices. It’s because prices of gold respond well to inflation – gold can’t lose its value overnight and has the same value all over the world.
3. Asian central banks are buying gold
Asian central banks are buying more and more gold. Paper money will never be a good way to store value, so there’s really no surprise that Russian and Chinese central banks decided to hold more of their money in gold which isn’t susceptible to greedy corrupt bankers.
4. Government doesn’t control gold
Unlike fiat currency, gold isn’t controlled by governments. When you have gold in your possession, no one can change its value. Money in your bank account is just some digital numbers that are supposedly guaranteed by the government. The problem is that you can’t trust the government – history shows that bankrupt governments steal money from their citizens. It’s much harder to steal your physical gold, especially if you keep it in a safe location overseas.
5. Gold is forever
Diamonds and diamond buyers are forever? Nope, gold is. It doesn’t oxidize, it can’t erode, and it doesn’t require maintenance. It’s essentially an eternal asset.
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August 18th, 2013 — 9:17pm
There are more than 10 ways to invest in gold, each with different pros and cons. If you want to learn more about the most popular ways to invest in gold and pros and cons of all of these investments, read on.
In general, you can buy gold for 4 main purposes:
- pure investment
Depending on your needs, you should choose a different way to invest in gold.
Let’s start with insurance. If you want to buy gold to protect yourself against inflation or have money in case of a national emergency (bankruptcy of the United States, etc.), there’s absolutely nothing better than gold bullion in your possession. Buy South African Krugerrands, Canadian Maple Leafs or American Eagles. Pros – usable as money, easy to buy. Cons – premiums, many types of coins to choose from which may cause confusion.
If you want to buy gold for investment/saving you can invest in digital gold or allocated gold accounts (meaning that you own the gold but it’s stored by someone else). Digital gold is susceptible to hackers, while allocated gold accounts require yearly handling costs. Pros include convenience – no need to worry about gold delivery.
As for gold for pure investment, you can invest in gold mines or ETFs. Gold mining stocks can outperform gold, but there’s a risk of nationalization. ETFs are very convenient, but additional taxes increase the cost of investing in gold.
As for gold for speculation, explore gold futures/options, gold exploration mines and spread betting. Each of these investments require a lot of knowledge, and generally speaking most people should avoid investing in such things (unless you’re very knowledgeable about gold or you know someone who invests in such things).
To sum up: start with gold coins or gold bars, consider allocated gold accounts later and invest in gold mines or ETFs if you’re willing to take more risks.
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August 15th, 2013 — 9:01pm
Bullion gold coins are one of the best ways to invest in gold. Below is a selection of the best gold coins for gold buyers.
1. South African Krugerrand Gold Coin
During the 1970′s South Africa had a monopoly on producing gold coin and controlled the majority of global gold production. Today South African Krugerrands aren’t as popular as they were 40 years ago, but they are still one of the most recognized gold coins in the world. Krugerrands are the most common gold coin in circulation and if you want to invest in gold coins, Krugerrands should be your first choice. You can easily recognize Krugerrands thanks to the antelope on the back of every coin. Krugerrand coins are all 22K.
2. Canadian Maple Leaf Gold Coin
Another great gold coin to invest into is Canadian Maple Leaf. Canada introduced these coins in 1979. Canadian Maple Leaf was the first ever 24K bullion coin (99.9% purity). Today it’s the most popular 24K gold coin in the world. Canadian Maple Leaf gold coins are one of the purest gold coins in the world. There are even special 99.999% gold coins which contain virtually no base metals. If you want to buy pure gold coins, Canadian Maple Leaf is definitely a great choice.
3. American Eagle Gold Coin
American Eagle gold coin was introduced in 1986. It’s a 22K coin (there are also 24K coins – American Buffalo coins). These coins are mixed with harder alloys to make them more durable than Canadian Maple Leaf coins. American Eagle coins are very popular all over the world, and since it’s so easy to buy them in the United States, they are also a great choice for people who want to invest in reputable gold coins.
Other gold coins worth mentioning are Turkish Republic gold coins, Chinese Panda gold coins, Austrian Philharmonic Gold Coin and Australian Kangaroo gold coins.
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August 12th, 2013 — 8:44pm
We’re back with another article about buying gold. Today we want to share with you some precautions regarding buying gold. Make sure to follow this advice when buying gold!
1. The most important thing to remember when buying gold is to buy gold only from reputable companies. If someone offers your gold for a suspiciously low price, he’s usually a scammer. While it isn’t that easy to create counterfeit gold (especially gold coins), scammers can easily scam a person who isn’t very knowledgeable about gold. That’s why you should educate yourself and learn about gold as much as you can before you buy it.
If you aren’t sure if you’re buying real gold (especially if you want to buy more gold), get a metallurgical assay. If you have any doubts, skip the deal. Don’t make a decision if you aren’t sure about the source of gold or whether it’s real. If you want to stick to safe methods of buying gold, buy Krugerrands.
2. If you’re buying gold in a physical store, exercise additional caution when leaving the store and transporting gold to your home. It’s a very good idea to go with someone who you trust, especially if you’re a female. After leaving the store, make sure that nobody is following you. It’s best to take a taxi or drive straight to your home.
3. Don’t let other people know that you’re going to buy gold unless you absolutely trust them. Never ever tell your kids that you have gold. Don’t show other people that you have a safety deposit box. Loose lips sink ships.
4. Don’t buy gold futures or gold certificates. They don’t protect you against anything because they’re just a piece of paper or electronic certificates. If you want to buy gold to store your wealth, always invest in physical gold – gold coins (Krugerrand, American Eagle, Canadian Maple Leaf) or gold bars.
5. Watch the video below:
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August 9th, 2013 — 8:30pm
While we generally recommend buying gold and storing your wealth in it, sometimes you actually have to sell gold instead of buying it. Today we want to share with you some basic information about selling gold.
First and foremost, when selling gold, always deal with reputable companies only. Never sell your gold to someone who you don’t know because he can easily scam you or even rob you. Gold is a very valuable asset and there are some people who want to take advantage of people selling gold, especially if you don’t know a lot about gold (so make sure to educate yourself).
There are many ways to selling gold, but in general you can either sell your gold in a physical store or online. If you want to sell your gold locally, make sure to find a reputable dealer who has been in the business for a long time. You can also visit a jeweler – he can also offer you a good price for your gold. Never ever sell your gold in a “we buy gold” store – they will offer you the lowest price (sometimes even 30% lower than a gold dealer or a jeweler). Shop around – it’s the best way to find out which store offers the best prices.
As for selling gold online, there are numerous companies that will estimate the value of your gold when you send it to them by mail. Make sure to send your gold in a secure package, though. Online dealers can offer very good prices because they have lower operating costs.
When considering selling gold, another question that arises is when to sell it. If you don’t have to sell your gold when the dollar is strong, wait a little bit longer to sell your gold for a higher price. You can easily sell your gold for 20-30% more if you sell it at the right time.
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August 6th, 2013 — 8:13pm
Gold has been used as money for a very long time, and it will surely be used in the future as well. There are many reasons for that. First and foremost, gold is easy to transport because it has a high value to weight ratio – you don’t have to carry kilograms of gold to have a lot of money. Moreover, gold can be easily divided into smaller units, for instance you can melt gold jewelry and make gold coins. Furthermore, it’s very difficult to create counterfeit gold coins. Today we want to talk a little bit more about gold coins.
Nowadays gold coins are either bought by collectors or to are used as bullion coins – coins which people buy solely as a method of investing in gold (nominal value is irrelevant). The most popular bullion coins are South African Krugerrands, American Eagles and the Canadian Maple Leafs. If you want to invest in gold coins, buying one of these coins is the best idea. Buying exotic coins isn’t a good idea if you want to use these coins as bullion coins because not all people will recognize them as legitimate gold coins.
There are many places where you can buy gold coins. You can easily buy them online and in many physical stores. You can get a great price for gold in Singapore, Hong Kong and many other Asian coutries.
Buying gold coins is a good idea to store your wealth and/or protect you against inflation. However, you should keep in mind that if you want to buy more coins, you have to find a way to store them in a safe place. You can buy a safety deposit box (make sure that nobody sees you with it) or deposit your coins in a vault owned by an independent private company, for instance in Austria.
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August 3rd, 2013 — 8:04pm
If you want to buy gold, you should also consider how you’re going to store it. There are many different ways to store gold and they all depend on the type of gold you have. If you buy gold coins (e.g. Krugerrands) you can simply buy a safety deposit box and keep them there.
If you want to buy more gold (for instance gold bars), a safety deposit box may not be the best idea if someone finds out you have gold. In this case, you can consider storing your gold in an overseas anonymous vault. While it sounds like a Jason Bourne thing, it’s one of the best things you can do to protect your finances. It’s perfectly legal to hold gold overseas, and if you store it in a safe vault in a safe jurisdiction (for instance in Switzerland or Australia), it’ll be much safer than at your home where other people can easily steal it (for an experienced thief it doesn’t take a lot of time to open a safety deposit box).
Some people store gold in the form of gold future or gold ETFs. It isn’t a good idea because you don’t own physical gold – you merely own the rights to it. When buying gold, you always want to have physical gold that has value, not some kind of paper that says that you’re the owner.
Last but most definitely not least, you can invest in something both beautiful and valuable, that is gold jewelry. Buying gold jewelry is a good way to store gold, because it’s very easy to sell gold later.
No matter what type of physical gold you buy, never ever flaunt it. Even though gold is no longer a preferred currency, many people (including criminals) still recognize its value and may want to steal it from you.
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July 31st, 2013 — 8:04pm
Gold is an ultimate asset to store your wealth. There are many reasons why you should store your wealth in gold. Here they are:
- Unlike other hard assets gold is portable (gold coins are very easy to hide) – you can’t move your real estate property to another place.
- You can split it – no matter if you have gold coins, gold bar or even gold jewelry, there’s always a way to split it – you can’t split a $20 dollar bill into two $10 dollar bills.
- Gold has the same value all over the world – gold price is consistent all over the world which means that you can pay with it in The United States, China, South Africa or any other country.
- Gold is easy to store. It doesn’t rust and you don’t have to care for it. Gold is one of the favorite materials in jewelry for a reason.
- Gold is used in many industries which means that it’s even more valuable.
- Gold can’t be created out of thin air. Governments can’t create more gold which means that you can’t lose money when holding gold (fiat currency can become worthless overnight).
- Gold is one of the best hedges against weakening dollar and other fiat currencies such as euro, Japanese yen or the Chinese currency. Gold prices shoot up when the dollar is weak. Moreover, gold will protect you against oil prices inflation.
- Gold has a long tradition. Gold has been used as a currency for hundreds of years, and even though many people today don’t understand how much it’s worth, gold is still as valuable (if not more) as it was 100 years ago.
Buying gold is always a good idea and so is sell diamonds Sydney. You can’t lose money when buying gold because it’s one of the best ways to store your wealth, especially if you live in a near bankrupt nation.
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July 28th, 2013 — 7:40pm
Below are some of the most frequent questions about gold and buying and selling it.
1. Why is gold expensive?
Gold is rare and can’t be created out of thin air. Moreover, it’s shiny and doesn’t oxidize which makes it a great material for jewelry. Unlike fiat currencies (such as US dollar) you can’t simply print more gold – there’s no way to synthesize gold. Since gold supply is limited and it has been used in jewelry for hundreds of years, its prices are higher and higher. Gold is one of the best ways to store wealth.
2. Why is gold better than other precious metals?
Gold has a long tradition of being used as a currency, and that’s why it’s more than other precious metals. Before paper money was born, people were paying for products and services with gold coins. When paper money was invented, it was backed by gold (each bill was worth a specific amount of gold). Today no currency in the world is backed by gold (US dollar was backed by gold up to 1971).
3. Why is gold so important today?
Because of weakening US dollar and weakening fiat currencies all over the world in general, more and more people are looking for a protection against inflation. Gold is the best hedge against inflation as well as oil price inflation. More and more central banks are buying larger quantities of gold which signals that there’s a need for an alternative reserve currency.
4. How to invest in gold?
The easiest way to invest in gold is to buy gold coins. The most popular option is to buy Krugerrands. You can also simply buy gold bars, jewelry or exchange-traded products. For safety, it’s generally advised to invest in gold bars and store them in a safe vault, preferably overseas in a strong jurisdiction such as Australia, or sell gold Sydney.
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July 25th, 2013 — 7:29pm
Gold is one of the best assets you can have. Of all the precious metals, it’s the most popular as an investment, and it’s definitely the best choice for all people who want to have safe assets that will protect them from fiat currency crises.
You can invest in gold by buying bullion gold bars, bullion coins, gold exchange-traded products such as ETFs (exchange-traded funds) and gold certificates. Some people also invest in gold by buying gold jewelry.
If you want to buy gold as a hedge against financial failure, don’t even consider buying gold futures or gold ETFs. Physical gold is the best choice, and if you store it in a safe vault overseas, you’re protected against numerous financial risks. Keep in mind that what governments can’t find, they can’t steal.
Please keep in mind that buying gold isn’t as easy as it seems. You have to check if your dealer offers pure gold. Never ever buy gold coins that you don’t know about – always invest in bullion, in coins such as Krugerrands, Australian 100 Coronas, and Mexican 50 Pesos. All of these coins are well-known in the industry which means that you can always sell them easily.
What else should you need to know about gold? First and foremost, gold shouldn’t be treated as an investment – you should treat it as an asset, something that will protect you in case fiat currency no longer works. Gold will always be valuable, because there’s a limited amount of gold in the world (unlike fiat currency which is created out of thin air).
If you want to buy gold, you can consider some online services that will let you buy physical gold and store it overseas for you (you don’t even have to visit them in person).
Check this video below to see how many people don’t understand the value of gold:
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