One of the oldest forms of currency is the currency of gold, its use goes back as far back as 560BC, when King Croesus of Lydia. The Chinese used in the 5th or 6th century BC. Gold coins were the main form of currency until the 20th century. In 1933, most of the world had stopped making gold coins and their use as currency.
Today, gold coins are primarily collected by investors to hedge against inflation. In 1967 South Africa introduced Kruger rand to deal with small investors, hence the reason that Krugerrands are manufactured in 1 oz, 1/2oz, 1/4oz, 1 / 10 and 1 / 20 oz
The main gold coins in circulation today in order of popularity are the Krugerrand, American Gold Eagle, Canadian Gold Maple Leaf, or British Sovereign Britannia, Chinese Panda, Gold Dinar, chervonets Vreneli Russian and Swiss.
Twelve Reasons to invest in gold today!
1. During the last run on gold in the 70's and 80's the price of gold increased by 20 times.
2. There is a drop in global gold production, which adds to their rarity.
3. India and China have an appetite for gold and fair view of its powers economy forward that will raise the price of gold through demand and tight global supplies.
4. There have been new discoveries of gold deposits recently and can take up ten years to bring a new mine to full production.
5. When ever the world is on the verge of a people to turn to gold and the recession that is provided security.
6. It does not decay and will last forever.
7. He is wanted for the manufacture of jewelry and electronics.
8. Governments can print paper money quickly, but can only produce gold.
9. No other investment has the power to preserve the richness of gold.
10. The price of gold will continue to be pushed by the American debt and trade crisis.
11. Gold is an inflation-proof investment.
12. The Gold is the only truly international currency.
The test is the gold recession
In June this year, I followed my own advice and bought five Kruger one once in a currency costing £ 470 per £ 2,350. The price of gold was at $ 870 per ounce when I bought my coins, and since then the price of gold has reduced to $ 771, but the selling price has increased. Today an ounce Krugerrand amounts to the sale for  £ 629 Krugerrand 1 oz. My five coins are now worth £ 3,145 if I sold today. I would have to pay a share of sales of 7% that leave me with  £ 574.85 non-profit or a profit 24.46% in 5 months.
That is an extraordinary performance in the current economic conditions, if I had to sell my coins today. I think gold will increase further. This shows that there is money to be made during a recession. I spoke to a bullion company today and had only 2 Krugerrand coins for sale. They said that people became real gold instead of paper gold in this recession, as he felt better use of real gold instead of a certificate of participation for gold.
How to buy and sell gold coins?
When buying gold through a gold price is paid at the rate of gold in that time and when you decide to sell through the gold bars offered by 7% to 9% less than the going rate of gold.
You can now buy and sell gold coins on eBay, but it is a case of caveat emptor, Latin for "Let the buyer beware", so please BEWARE!
You need to be careful and check the eBay seller, look at his votes and check out the comments left by previous buyers. Do not buy from a vendor with less than 30 feedbacks. Check out what other seller thought of dealing with them and if you are not satisfied with the seller then proceed to the next seller, many more. Also check out the postage and packing.
If you decide to buy on eBay be sure to check the price of gold that day and not have to pay more than they would paid in a bullion dealer including the postage and packing. Go to: Kitco.com for the price of gold a day to download a widget and the price of gold for his team.
I have one of his players gold price in the taskbar at the bottom of the screen and is updated daily; This gives me until gold prices minute. Then take a look on eBay and see that gold coins are either in money or under and do not forget to visit the post and packaging costs for the seller.
When every time I'm selling gold that always sell on eBay as generally always get the market price or a higher premium when two buyers are going head to head in my auction and then do better than the market price. Do not you just love eBay!
My best way is to buy bullion dealers when the price of gold and then selling on eBay. Him hear you ask why buy from a dealer in bullion and sell on eBay, Well, I know if I buy the Dealer bullion gold coin is genuine and when I sell on eBay get a better price then I sold it to a bullion dealer, I offer a 7% to 9% less than the market price.
Contributing author Mark Aucamp has been providing Money Saving Expert with regular money saving expert posts and comments. Mark is recognised as an authority in the field of Debt Management. Mark has extensive experience in providing Advice & Solutions. To see if your Mortgage or Loan is invalid and unenforceable go LoanCheck for a free appraisal.
Superior Gold Investment Commercial
| | Gold Eagle Proof COA Box 4 Coin Set Various Years IRA $3,686.99 |
Mail this post