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Tuesday, July 28, 2009
Buying Gold on a Budget Part 2
This is the second part of how to buy gold on a budget.
Look for gold that is affordable or at least within a budget. Most of us cannot buy the gold bars we see on television, but we can get our hands on gold coins, specifically American Gold Eagles.
The American Gold Eagle is a great investment and although it is still expensive at around $1,000 per coin, they do offer a viable way of purchasing gold. Finding them is very easy and just a click away. There are a number of them currently on eBay. However, I prefer to buy my coins at a local store or from APMEX.com or Austin Rare Coins.com. I have purchased coins from both and have been very happy with their service and product.
Another common option is the Gold Canadian Maple Leaf. Like the American Gold Eagle, the Maple Leaf is easily found and offers a convenient way of purchasing gold.
If you are interested in historical coins there are many shipwreck recovered coins available. Personally I have never purchased such coins as my knowledge is limited. These coins offer both a historical and tangible option, but they requiring a vast knowledge. It is critical to be well rehearsed in historical coins and the grading system of coins. Other wise, the danger of being "taken" increases.
Gold coins allow the average person to invest in coins, that's why FDR scooped them up. So take advantage, put some money back and get into the world of gold coins.
Labels:
American Gold Eagles,
buying gold,
Canadian Gold Maple,
coins,
gold
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