Gold Bullion Desk

Gold Bullion Desk

The economy is seriously on the down turn and the US Dollar is losing value. These conditions usually result in rising gold prices, which has been the case over the last few months. Gold prices have moved up about 50% in the past six months. Gold is a good investment in bad economic times but many small investors find it difficult to buy gold in small amounts. This is where gold coins may be just the answer for small investors who don’t have deep pockets.

Actually, gold coins may be a better investment than gold bars or bullion. Gold bars have the value of their weight in gold at the current spot price, whereas gold coins not only have the value of their weight in gold, but added numismatic value. One ounce of gold is worth its weight in gold, but a one ounce gold coin can be worth $1000s in numismatic value. Coins also have a very good appreciation rate simply because there will never be any more of a specific coin produced and the number of collectors continues to increase driving up the prices. Like they say in real estate, they can’t make any more of it.

Gold and silver coins are also very liquid assets. They are easy to buy and sell quickly in any number or dollar amounts. Many collectors buy and sell among themselves where there is no middle man, broker or dealer involved, resulting in lower prices without additional fees or inflated markups. You can buy one coin or a trunk full at any time in a matter of minutes.

You can get great deals on coins at auctions. Dealers may auction slow moving items or excessive stock resulting in bargain buys. Estate liquidators auction coins and take what they can get. Private collectors may auction coins because they need the cash value in money for other purposes. With the economy going bad and many people feeling the effects, some people are selling anything they can just to keep their head above water. Auctions are also a good place to find out what certain items are really worth. Scan the auctions for specific items to see what people are willing to pay for them. Another advantage to buying coins at auction is the coins are shipped directly to you, to store in your home or safe deposit box leaving no paper trail. Unlike buying gold on the market, no one knows your business but you. Only you know what you bought and sold or what your profits are.

I would advise against buying coins from private mints or newspaper and magazine ads, as their prices are usually seriously inflated and you could be paying much more than actual cash value. Keep in mind also that you can keep your coins at home, and even if your house burns down, your coins will survive. They won’t break, rust, rot, rip, tear, mold, mildew or deteriorate over time. They will however, always appreciate in value over time. They require very little space, as you can keep many $1000s worth of coins in a very small home safe or a desk drawer.

If you have a little money to invest and not have to worry about it losing value, look into coin collecting. It’s easy, it’s a safe investment, its private and you don’t need a bank account, a credit rating or an investment account.

Click http://www.gold.digital-homework.com for example of Gold Coin Auctions.

George Chatraw, retired business owner who has been actively buying and selling coins in online auctions for 10 years. My website: http://www.gold.digital-homework.com offers an ever changing selection of gold and silver coins at current auction prices. Registration for bidding (or buy now & make offer) is free and easy. Simply register and start bidding. Auctions are live and in real time. You can buy or bid 24/7.

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