Buying Gold Coins Instead of Bullion
Not only should your portfolio be diversified with gold, but you should be diversified within the gold portion of your portfolio. There are several different forms of gold you can buy for your portfolio, including gold bullion, foreign or domestic, modern gold coins, foreign or domestic or antique gold coins, foreign or domestic.
There are also options within each gold category that allows you to receive and store your own gold or allow the dealer or broker to keep your gold for you. Most people buying gold are not only buying for diversity, but they are preparing for financial disaster. For those cases, gold coins and antique gold coins have the reputation of not being able to be confiscated by the government because of their intrinsic and collector value.
On the other hand, gold bullion in recent history has been confiscated by the US government and there are several organizations that are trying to push legislation through that will fix that situation by not allowing the government to be able to confiscate personally owned gold bullion or coins of any kind. Read more
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Gold as an Investment
Should you be buying gold as an investment today? I wouldn’t because the price of gold has been extremely volatile lately and if you get in at the top, it’s like getting in at the top of the real estate, stock and any other market, any gains may be lost. If you’re going to go into the gold market, the rules are the same as any other investment, it’s best to go in a little at a time. Invest the same amount of money every month and any ups and downs will be smoothed and you won’t be concerned by the violent swings.
There are other reasons to buy gold besides making a killing in the market. Even conservative investors should have some gold in their portfolio no matter what the market is doing. Not necessarily as an investment, but as insurance. In worst case scenarios, gold will always be worth something, in the best case, gold will be worth more than cash that’s in the banks and stocks.
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How to Buy Gold Online
Is buying gold online safe? What about buying gold coins online or buying gold bullion online? Is a gold dealer online legitimate and safe to buy from? The basic answer is - if they are a reputable dealer offline they are probably a reputable gold dealer online.
I’m not sure I would trust a gold dealer that was strictly online and had no offline presence. No real offices, no real store. If you’re buying gold coins online, make sure the other costs are explained in detail. Everything from shipping and insurance. Are they storing your coins for you or shipping them to you?
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